The Annual Report is a report that companies must prepare and file with the jurisdiction where they are registered in order to provide basic information and data about their company, such as the names and addresses of their Registered Agent and Managers, just to name a few. It is a complete report on the company’s activities during the previous year.

Most states require an annual filling because they consider this information as vital and should be available to the public.

In addition, some states collect certain financial information about your LLC to determine the amount of Franchise Tax the company may owe.