Filing Requirements and Costs
The annual report must be filed each year by April 1 in New Hampshire. To submit costs $100 on paper, $85 electronically. New Hampshire imposes some LLC taxes. "Not in Good Standing" means reports, fees or taxes owed.
Who Must File?
The state requires all corporations, LLCs, and LLPs to submit reports annually. Nonprofits file every five years. All go to the Department of State, Corporations Division.
Contents of the Annual Report
Reports update: purpose, officials’ names and addresses to keep state records current. The CEO letter overviews the year. Financial statements are included. An annual report starts with the letter, describes the industry; audited financials follow: balance sheet, income, cash flows. Notes explain statements. An annual report details last year’s operations, disclosures to stakeholders.
Legal Aspects and Penalties
There are legal filing requirements and penalties for late submissions. Formats vary but have: chairman and auditor letters, vision statements, management analysis. Details prioritized first. Outlining and gathering information saves writing time.
Financial Summarization
A chart summarizes revenue and income. The highlights section puts important information first. Fees are tax deductible. The report lists director and officer pay. It communicates to stakeholders at the annual meeting.
Costs and Filing in Other States
To file in Wyoming, use e-filing or call. Closed firms still need reports. Fail to submit, and the state can dissolve your LLC. You’ll pay fees and penalties. Wyoming’s online system calculates fees. Enter assets to get the fee. It’s also called a License Tax. File online or by mail.
Preparing an Annual Report
In Maine, annual reports update: purpose, officials’ names, and addresses. File each year to stay in good standing. Else pay fees and penalties.
Consequences for not filing: state dissolves your LLC, pay fees and taxes owed plus late penalties. Filing fees vary greatly, from $10 to hundreds of dollars. Check department and secretary of state websites for costs.
Printing an Annual Report
Gathering data, drafting, reviewing, approving, proofing, printing, and mailing a report takes over eight weeks. The report has audited financials: balance sheet, income statement, statement of cash flows, and explanatory notes. It differs from a SEC 10-K filing. The client gives copy and data in Word to format a 12-16 page booklet in InDesign for an hourly or one-time fee.