The objective of the annual report is three-fold. The annual report keeps the Government informed about all the updates, communicates about all the modifications or changes, & keeps the LLC members informed about the necessary taxes and costs. This article has all the information about Louisiana LLC annual report filing in Louisiana.
An annual report can be called an address book, as it features all the relevant addresses of the company & the members. This yearly report is a record of all the company’s activities in an entire year. It is also referred to as the Annual Franchise Tax Report because it helps in filing the franchise tax.
On this page, you’ll learn about the following:
- Contents of the Annual Report
- Louisiana LLC Annual Report
- Does the State of Louisiana Mandate an Annual Report Filing?
- Why Do LLCs Have to File the Annual Report?
- How to File a Louisiana LLC Annual Report
- Seek the Help of a Registered Agent
Contents of the Annual Report
Typically the annual report filed by an LLC in Louisiana (or any other business entity for that matter) will include all the information related to its business & members. The standard contents of the annual report or the annual franchise tax report are
- Office Address of the LLC
- Names & Addresses of the Members & managers.
- Identification Documents
- Social Security numbers of the key members of LLC
- The objective of the business of LLC
- List of all the signatories of the LLC
- Information of the registered agent, if any
Louisiana LLC Annual Report
An Annual report is essential for all business types. It authenticates that the information provided to the Secretary Of the State is accurate & updated. The information provided in the annual report helps the State officials to ensure that all the companies pay taxes. The Louisiana Annual Report is filed with the Louisiana Secretary of State.
Does the State of Louisiana Mandate an Annual Report Filing?
All the business entities in Louisiana are bound to file the annual report with the Louisiana Secretary of State. This includes all the legal entities such as C Corporations, Limited Partnerships, Limited Liability Companies, which are bound to file the Annual Report.
Annual Report Deadline
As mentioned above, filing the Annual report is a mandatory requirement even for an LLC. An LLC operating in Louisiana has to file the Annual report with the Louisiana Secretary of State on the anniversary date every year.
Penalties for Non-filing or late filing
An Annual Report is one of the important documents filed by an LLC. The Louisiana Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the State has the right to dissolve the LLC.
Why Do LLCs Have to File the Annual Report?
Some of the states are not required to file this yearly report, commonly known as the Annual Report. However, there are some reasons why states should file an LLC Annual Report. Here are some reasons,
To Maintain the Accuracy of the Information
An annual report filed by the LLC has all the updated information about its official addresses & the names or addresses of all its officials. This updated information allows the State authorities to track down any LLC when communicating.
To Provide the Correct Correspondence
Many times, any creditor or other entity willing to transact with the LLC requires the correct correspondence address. If this information (which can only be modified with the help of an annual report) is not updated every year, such entities will not be able to communicate with them.
To Notify the Government About All the Significant Changes
If you have changed your main business address or had new business appointments of managers or members, the annual public information report notifies the State Government Entities about it. So, the next time someone questions a newer reform that you have introduced in your LLC, you will be saved because you had submitted the information with the Government.
To Provide an Activity Log of an LLC
The Annual Report is like an activity log of the LLC. It brings on record; all the transactions, new associations, appointments, etc. & keeps those records intact for all future references.
To Help You With the One-time Filing of Taxes
The annual report is an excellent means to keep you on your toes in case of your dues payment. Every LLC must pay the taxes through the annual report filing. By filing the report on time, the LLC can manage the exemptions & can avoid penalties imposed by the Government.
To Enable the State to Track the Payments
The government authorities use all the information filed through the annual report, for tracking the payment of State Taxes.
How to File a Louisiana LLC Annual Report
The Louisiana LLC Annual Report can be filed online, in person, or it can be filed by mail. An LLC operating in Louisiana has to file the Annual report with the Louisiana Secretary of State on the anniversary date every year.
Steps to File Louisiana LLC Annual Report Online
Time needed: 5 minutes.
Below is the procedure to file the Louisiana LLC Annual Report online.
- Visit Louisiana’s Secretary of State Website.
The first step in filing the Louisiana Annual Report is to visit the Louisiana geauxBIZ login page.
- Create an account or sign in.
Sign in if you have an existing account, or you can sign up by creating a new account.
- Click on the “Get Started” tab.
After logging in, click on the “get started” tab on the dashboard.
- Click on the “File an Amendment such as Annual report” option.
On the next prompt click on the File an Amendment Such as Annual Report option.
- File Annual Report.
Enter the Louisiana Charter number & click on the File Annual Report Button.
Filing Louisiana LLC Annual Report By Mail
To file the LLC Annual report in Louisiana, you can follow the steps as mentioned below:
- Visit Louisiana geauxBIZ login page
- Sign in if you have an existing account, or you can sign up by creating a new account.
- After logging in, click on the “get started” tab on the dashboard.
- Click on the “File an Amendment such as annual report” option,
- Enter the Louisiana Charter number & click on the File Annual Report Button.
- Select the Print the Form option & download the form on your computer
- Fill in the required information & send the printed copies of the forms and relevant documents to the address: Louisiana Secretary of State, PO Box 94125, Baton Rouge, LA 70804
Louisiana LLC Annual Report (Domestic & Foreign)
|State Office:||Louisiana Secretary of State, PO Box 94125, Baton Rouge, LA 70804|
Links to Website, Form
|Due Date:||Annual reports are filed every year on the anniversary date of the company.|
|Filing Fee:||The Online filing fee of the Louisiana LLC’s Annual Report is $30.|
|Penalty:||The Louisiana Secretary of State doesn’t have any fines or late fees for filing delays. If the LLC cannot file the annual report within 90 days of the due date, the State has the right to dissolve the LLC.|
|Filing Method:||An LLC can file the Annual Report Online or by mail.|
|Important Information:||Once a Domestic or Foreign Louisiana Limited Liability Company submits the Annual Report along with the prescribed fees to the Louisiana Secretary of State, the filing is said to be complete.|
How Fast Can I Fill Louisiana LLC Annual Report
Deadline for filing annual reports in Louisiana is before your company’s anniversary each year. By mail it can take 1-2 business days and can be done immediately by online processing.
If you are planning to form an LLC in Louisiana, you need to be aware of the state’s annual report requirements. While the report is not a tax document, it is a great opportunity to record important business changes. The Louisiana Department of Revenue (DOR) uses information from annual reports to help track tax payments for businesses. Fortunately, filing a report doesn’t take long.
In fact, you can complete an LLC annual report in as little as two to three days. To speed up the process, you can file it online using the geauxBIZ portal. You will also need to set up an account. After doing so, you can search for Annual Reports on the site and download a copy.
Another convenient option is to get help from a registered agent. A service will notify you of upcoming filing deadlines and can even fill in the annual report on your behalf. However, you will still need to ensure that your LLC is filed by the deadline.
For most LLCs, the state requires that you file an annual report. This document is similar to a census in that it provides a lot of useful information about your company. It includes the name and address of your LLC’s principal office, as well as the names and addresses of your members and managers. Other details you might want to include are the purpose of the LLC, its mailing address, and the name of the registered agent.
Filing an annual report is simple and will not break the bank. Although the cost can vary from state to state, it is generally less than $30. If you choose to mail in your annual report, you will need to provide a mailing address, the name of your LLC, and a check or money order.
Some states have more lenient reporting requirements than others. For example, the Secretary of State in Louisiana does not charge a late fee for missing a filing deadline. But if you miss three consecutive annual reports, your LLC may be dissolved. Also, the Secretary of State offers a number of tools to help you stay on top of your reporting obligations.
The easiest way to do the Louisiana LLC annual report is to file it online. You will need to set up an account with geauxBIZ, which is pronounced “go biz.” Once you’ve completed the sign-up process, you’ll need to enter some payment information.
Having an account with geauxBIZ is the best way to file an LLC annual report. With an account, you can submit your reports for free, and you’ll have the peace of mind of knowing that your Louisiana LLC is in good hands.
In addition to filing an LLC annual report, you should also make periodic filings. These can be quarterly or monthly. Each state has its own requirements, but most states require that you file an annual report. Having an accurate and up-to-date account will protect you from fines and penalties.
Seek the Help of a Registered Agent
Every State will have a different rule for filing the Annual Report. Usually, it is submitted every year, but it is submitted once in two years in some states. Some states require the filing of the report only once in ten years.
Not only the timing, the mode of filing, the proper addresses, exemptions, legality, annual report compliance, etc., have to be taken care of while paying the taxes or filing any reports with the State authorities. In many such scenarios, it is advised that an LLC appoints a Registered Agent to manage all this. Check out the best LLC service that offers all the services at an affordable price. An experienced agent is required for:
- Streamlining the mandatory processes & filing.
- Sending or receiving any documents.
- Reminding you about important dates of filing or payment of taxes.
- Simplifying the filing procedures.
- Avoid any penalties.
- Flexibility in working.
- Maintaining Privacy (as it keeps your personal records off the public record)
You can read more about a Louisiana Registered Agent here.
Yes, an annual report is essential for every business entity in most states. Some states also ask to file biennial or decennial reports to be filed.
A Yearly Business Report or the annual report typically incorporates the address of the business, names & addresses of the members, a list of all the signatories, SSN of the members, & details of the registered agent.
A Registered Agent is well-aware of all the filing requirements, annual report filing fee, & overall Annual Report compliance. The knowledge & proficiency of the registered agent allows the smooth filing of reports & other fees.
The most important thing for filing an Annual Report is record keeping. Make sure that you document every other transaction well.
Yes, the fees may vary depending on the type of entity or the type of legal entity you are representing.
An LLC has to file many types of reports, such as Application for Reinstatement, Periodic Report of a limited partnership (usually filed by the exempt nonprofit organization), etc., which are required depending on the type of entity. The Annual Report is mandatory irrespective of the entity type. It requires compliance across entities.