Most states require LLCs and corporations to file a periodic report — sometimes annual, sometimes biennial — to remain in "good standing." Missing the deadline doesn't just risk a late fee; in every state, prolonged non-compliance eventually leads to administrative dissolution, which strips the entity of its liability protection and can force a costly reinstatement process.
The three states Semper Facilis forms LLCs in have meaningfully different rules, and members are sometimes surprised by how much they diverge. Arizona is unusual: LLCs are not required to file an annual report at all — one of the few states with no ongoing state-level report requirement for LLCs (Arizona corporations do file annually). Wyoming requires an annual report with a minimum license tax due on the first day of the LLC's anniversary month, calculated against Wyoming-based assets. Nevada requires both an Annual List of Managers/Members and a State Business License renewal, due by the end of the anniversary month — the two together typically total around $350/year.
Late penalties escalate fast in states that do require filing. Wyoming assesses a $50 late fee after 60 days, and the Secretary of State can begin administrative dissolution proceedings after a longer lapse. Nevada charges a $75 late penalty and can suspend the entity's status until the filing is brought current.
When is an LLC annual report due in each state?
- Arizona
- No annual report required for LLCs — one of the few states with no ongoing report obligation.
- Wyoming
- $60/year minimum license tax, due the first day of the anniversary month.
- Nevada
- Annual List of Managers (~$150) plus State Business License renewal (~$200) — roughly $350/year.
- Late penalty
- Wyoming adds $50 after 60 days; Nevada adds $75 and can suspend the entity.
- Worst case
- Prolonged non-compliance leads to administrative dissolution, which removes liability protection.
How do you avoid missing an annual report deadline?
- Confirm your formation state's requirement — it may be annual, biennial, or none.
- Record the anniversary month, which is what most deadlines key off.
- Set a reminder at least 30 days ahead of the due date.
- File and keep the confirmation with your entity records.
What the full article covers
- Exact due-date tables for all fifty states
- What triggers a "not in good standing" flag with a bank or registered agent
- The reinstatement process and cost if a filing is missed
The full guide includes exact due-date tables for all fifty states, a breakdown of what triggers a "not in good standing" flag with your registered agent or bank, and the specific reinstatement process and cost if a filing is missed.
3 more sections for members