The renewal fee for a limited liability company (LLC) varies by state. LLCs must renew every one or two years by paying fees and submitting necessary forms to the state. Renewal takes six weeks. Download and print the new LLC certificate. The renewal process can be done online or by mail.
State-Specific Costs and Requirements
To renew an LLC in Georgia costs $50 annually. Ohio charges $99 to start an LLC by filing Articles of Organization. Regardless of financial performance, strict adherence to state deadlines is vital to avoid dissolution. Most states allow online submission of annual filings.
Keep in mind the process varies by state. Talk to an attorney or accountant for state-specific guidelines. Obtain required licenses for your business – an alcohol license if selling alcohol.
In Texas, no annual reports are required, but filing annual franchise tax reports is a must. In California, LLCs must have the same state and federal tax classification. No fee for renewing a standard business license. Permanent LLCs can list events in the operating agreement that will terminate it.
Florida LLCs must file annual reports by May 1, with a $400 late fee after that. Failure to file by mid-September causes dissolution. The reinstatement fee is $100 plus fees for missed reports. Some states require liquor licenses to be renewed every two years.
Renewal Details for Illinois
In Illinois, an annual report is a regular filing that your LLC must complete every year to update your business information. After you form an LLC in Illinois, you must file an Annual Report and pay a $75 fee every year. To do so in Illinois, you may register online, or by mail by filing an Application to Adopt, Change, Cancel, or Renew an Assumed Name. The registration is good for up to five years.