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** Disclaimer: While we believe that the following information is current and accurate, State Laws change from time to time.
We recommend you check with your State Corporation Commission or Secretary of State.
State Periodic Corporation Reporting Requirements & Fees Periodic LLC Reporting Requirements & Fees Corporate Tax Summary LLC Tax Summary
Alabama Alabama corporations and qualified foreign corporations must file an Alabama Business Privilege Tax Return, which also serves as an annual report. This form is due by March 15. Alabama LLCs and qualified foreign LLCs must file an Alabama Business Privilege Tax Return, which also serves as an annual report. This form is due by March 15. Alabama's Corporate Franchise Tax was ruled unconstitutional 1999. Alabama recently repealed the following business taxes: Corporate Entrance Fee and the Corporate Permit Fee. Alabama has unified its business entity tax under the Business Privilege Tax, to which Alabama corporations, and foreign corporations operating in Alabama are subject. The Privilege Tax ranges from .25% up to 1.75%, with a maximum Privilege Tax of $15,000 for LLCs. There is a helpful summary of Alabama's taxation scheme at www.ador.state.al.us/gensum.pdf. Alabama's Corporate Franchise Tax was ruled unconstitutional 1999. Alabama recently repealed the following business taxes: Corporate Entrance Fee and the Corporate Permit Fee. Alabama has unified its business entity tax under the Business Privilege Tax, to which Alabama LLCs, and foreign LLCs operating in Alabama are subject. The Privilege Tax ranges from .25% up to 1.75%, with a maximum Privilege Tax of $15,000 for LLCs. There is a helpful summary of Alabama's taxation scheme at www.ador.state.al.us/gensum.pdf.
Arizona Arizona corporations are required to file an annual report with the Arizona Corporation Commission. The filing fee is $45. Financial disclosures are no longer required. The due date is dependent upon the first letter of the corporate name. Visit the web site for a schedule of due dates Arizona LLCs are not required to file periodic reports Arizona collects an annual corporate income tax. A discussion is beyond the scope of this title. Contact the Arizona Department of Revenue for more information If the limited liability company is classified as a partnership for federal income tax purposes, the limited liability company must report its income to Arizona as a partnership on Arizona Form 165. If the limited liability company is classified as a corporation for federal income tax purposes, the limited liability company must report its income to Arizona as a corporation on Arizona Form 120.
Arkansas Arkansas corporations are required to file an Arkansas Corporation Franchise Tax Report by June 1 of each year with the Arkansas Secretary of State Arkansas LLCs are required to file an annual LLC Franchise Tax Report. The Franchise Tax Report is mailed to LLCs in February of each year, and must be filed by June 1 of each year with the Arkansas Secretary of State. Corporate taxes are based on total outstanding capital stock and the assets in use in Arkansas. A complete discussion is beyond the scope of this title. For more information, contact the Arkansas Corporate Franchise Tax Division at (501) 682-3464. Both foreign and domestic LLCs pay a $50 franchise tax at the time of filing their LLC Franchise Tax Report.
California California corporations and registered corporations must file a Statement of Information (Form SI-200C) within 90 days of organization along with a fee of $20. The Statement of Information must be filed biennially thereafter. The Statement of Information must be accompanied by a $5 disclosure fee. California LLCs and registered foreign LLCs must file a Statement of Information (Form LLC-12) within 90 days of organization accompanied by a $20 fee, and biennially thereafter on The Statement of Information Renewal Form (Form LLC 12R) accompanied by a $20 fee. The Statement of Information must be accompanied by a $5 disclosure fee. California corporations and foreign corporations doing business in California are required to pay a minimum $800 annual franchise tax due within three months of the close of the accounting year for first and second year exemptions. Note: The fee for filing Articles of Incorporation is $100. While incorporators need not name initial directors in the Articles of Incorporation, if initial directors are names, all initial directors must sign and acknowledge the articles. C Corporations pay 8.84 percent and S Corporations pay 1.5 percent of the corporation's income. California LLCs and foreign LLCs doing business in California are required to pay a minimum $800 annual Limited Liability Company Tax due within three months of the close of the accounting year.
Colorado As of January 1, 2002, annual reports (the "Annual Business Report") are now due annually (formerly biennially) by the end of the second month in which the report is mailed to the corporation. The annual fee is $125 for foreign corporations to qualify and register in Colorado; foreign corporations can only file by paper. The annual fee for domestic corporations is $100 for paper filing and only $10 for online filing. As of January 1, 2002, annual reports (the "Annual Business Report") are now due annually (formerly biennially) by the end of the second month in which the report is mailed to the corporation. The annual fee is $125 for foreign LLCs to qualify and register in Colorado; foreign LLCs can only file by paper. The annual fee for domestic LLCs is $100 for paper filing and only $10 for online filing. Colorado corporations and foreign corporations doing business in Colorado must pay a corporate income tax. The tax rate is 4.63 percent. Colorado LLCs and foreign LLCs doing business in Colorado must file a Colorado Partnership or S Corporation Return of Income on Form 106. Colorado's Treatment of LLCs is complex due to its non-resident member rules. Non-resident members of LLCs must file a special Statements of Colorado Tax Remittance for Nonresident Partner of Shareholder on Forms 107 and 108. See the instructions to Form 106 for detailed information.
Connecticut Connecticut corporations and qualified foreign corporations must file annual reports by the last day of the month in which the entity originally filed in the state. The annual report fee is $75. Annual report forms are not available online. Connecticut LLCs must file annual reports by the end of the anniversary month of the LLCs initial filing with the Division. The annual report fee is $10. Annual report forms are not available online. Connecticut corporations and foreign corporations doing business in Connecticut pay a tax based either upon net income or upon capital stock, whichever is higher. The minimum tax is $250. If the LLC is classified as a partnership for federal income tax purposes, it must report its income to Connecticut as a partnership using the Department of Revenue's CT-1065 form. If the LLC is classified as a corporation for federal income tax purposes, it must report its income to the state as a corporation using the Connecticut Department of Revenue's CT-1120 form.
District of Columbia District of Columbia corporations and qualified foreign corporations must file an "Annual Report for Foreign and Domestic Corporations" with the Department of Consumer Regulatory Affairs. Corporate reports are due by April 15. The filing fee is $100. District of Columbia LLCs must file a "Two-Year Report for Foreign and Domestic Limited Liability Companies." The reports are due on or before the first June 16 to fall following the LLCs registration and on or before June 16 every two years thereafter. District of Columbia corporations and foreign corporations doing business in the District of Columbia are required to file a "Corporation Franchise Tax Return," Form D-20 by the 15th day of the 3rd month following the close of the taxable year. Annual Corporate taxes are based on income, not on shares of stock. The tax rate is 9.975 percent of income attributable to DC operations, and the minimum tax is $100. LLCs must file the District of Columbia's "Declaration of Estimate Franchise Tax Voucher" if it expects its franchise tax liability to exceed $1,000 for the taxable year. LLCs engaging in business activity in which its receipts exceed $12,000 for the taxable year must also file an "Unincorporated Business Franchise Tax Return."
Delaware A domestic corporation's annual franchise tax report is due on or before March1. Forms are mailed to resident agents in December. The filing fee is $50. An LLC's annual franchise tax report is due no later than June 1. No other annual report is required. All corporations incorporated in the state of Delaware are required to file an Annual Franchise Tax Report and to pay a franchise tax. Taxes and annual reports are to be received no later than March 1 each year. The minimum tax is $75 with a maximum of $180,000. Taxes are based on the number of shares of stock issued. Corporations with 3,000 authorized shares pay tax according to a complex formula that you may find described at the Department of Revenue's web site. Delaware also imposes an income tax, but corporations not conducting business within Delaware are exempt. The Delaware state corporate income tax rate is 8.7 percent of federal taxable attributable to Delaware activities. All Delaware LLCs are required to pay a minimum Franchise Tax of $250, due by June 1 of each year.
Florida Florida corporations must file an annual report by May 1 of each year. The filing fee is $150. LLCs must complete and file Florida's Limited Liability Company Uniform Business Report (UBR) annually by May 1. The fee for filing the UBR is $50. Florida has no franchise tax. Corporations that conduct business, earn or receive income in Florida including out-of-state corporations, must file a Florida corporate income tax return. Florida corporate income tax liability is computed using federal taxable income, modified by certain Florida adjustments, to determine adjusted federal income. A corporation doing business within and without Florida may apportion its total income. Most LLCs will be required to file the Florida Partnership Information Return (Form-1065). This is for informational purposes only. LLCs classified as a corporation for federal tax purposes must file the Florida Corporate Income/Franchise and Emergency Excise Tax Return (form F-1120).
Georgia Annual reports are due by April 1 of each year. Corporations must also make an original report within 90 days of incorporation. The annual registration fee is $15. Online filing is available through the Georgia Secretary of State's web site. LLCs operating in Georgia must file an annual registration by April 1. Registration forms can be found online. Registrations can also be filed online at the Corporation Division's web site. Georgia corporate taxes have two components. The first is a 6 percent income tax, and the second is a graduated tax based on corporate net worth. LLCs engaged in business or deriving income from property located in Georgia must file the Georgia Partnership Income Tax Return (Form 700).
Hawaii Hawaii corporations and qualified foreign corporations must file an annual report by March 31 with the Business Registration Division. The filing fee is $25. LLCs must file an annual report each year. Annual Report forms and specified filing instructions will be automatically mailed to the LLC in March. Hawaii corporations and foreign corporations doing business in Hawaii are subject to a corporate income tax. The corporate tax rate is 4.4 percent of income up to $25,000, 5.4 percent of taxable income up to $100,000, 6.4 percent of income exceeding $100,000. LLCs are subject to Hawaii's General Excise Tax. The tax rate is .4% to .5% depending on the source of the LLC's income, and thus generally not applicable to LLCs.
Idaho Idaho corporations and qualified foreign corporations must file an annual corporate report. The report is due in the anniversary month of incorporation or qualification. If timely, the report has no filing fee. The secretary of State's office mails the form two months before its due date. LLCs must file an annual report with the Secretary of State by the end of the month in which the LLC originally organized. The filing fee is $30. I Idaho corporations and foreign corporations doing business in Idaho must pay a corporate income tax. The income tax rate is 7.6%. Most LLCs must file the Idaho Partnership Return of Income (Form 65). The tax rate is 7.6% with a minimum payment of $20. LLC classified as corporation Income Tax Return (Form 41).
Illinois Domestic corporations must file a Domestic Corporation Annual Report annually, and qualified foreign corporations must file a Foreign Corporation Annual Report annually. LLCs must file an Annual Report (Form LLC-50.1) each year prior to the anniversary date of the LLCs initial filing with the Section. The filing fee is $200. Illinois corporations and foreign corporations doing business in Illinois must pay an income tax and a "replacement" tax based upon the value of the corporation's gross assets in Illinois and the gross amount of business transacted in the state. Most LLCs must file an Illinois Partnership Replacement Tax Return (Form IL-1065). The Replacement Tax rate is 1.5% of the LLCs net income. LLCs classified as a corporations for federal tax purposes must file an Illinois Corporation Income and Replacement Tax Return (Form IL-1120).
Indiana Indiana corporations and qualified foreign corporations must file a biennial corporate report with the Indiana Secretary of State along with a $30 fee, although a $20 online filing fee is available. Indiana LLCs must file a biennial Indiana business Entity Report every two years by the last day of the month in which the LLC was originally registered. The fee filing the report is $30, although a $20 online filing fee is available. Indiana corporations and foreign corporations doing business in Indiana must pay two corporate income taxes: a corporate income tax based upon gross income, and an adjusted gross income tax. The gross income tax has two rates, a high rate of 1.2 percent and a low rate of .3 percent. The adjusted gross income tax rate is 3.4 percent. Most LLCs must file Indiana's Partnership Return (Form IT-65). The return is purely informational. LLCs classified as corporations for federal tax purposes must file a Corporation Income Tax Return (IT-20).
Iowa Iowa corporations and qualified foreign corporations must file a biennial corporate report with the Secretary of State. Reports are due between January and April 1 of even-numbered years following the year of incorporation. The report filing fee is $45. Iowa LLCs and qualified foreign LLCs must file a biennial corporate report with the Secretary of State. Reports are due between January and April 1 of even numbered years following the year of incorporation. The report filing fee is $45. Iowa corporations and foreign corporations doing business in Iowa must pay a corporate income tax. The corporate income tax rate ranges from 6 percents to 12 percent. For more information, contact the Iowa Department of Revenue at (515) 281-3114. Most LLCs must file an Iowa Partnership Return (Form IA-1065), but are not required to pay state income tax. LLCs classified as corporations for federal tax purposes must file an Iowa Corporation Return (Form IA- 1120).
Kansas Corporations must pay an annual Franchise Tax - now called a "Franchise Fee" - of $55; see below for information on the separate Franchise Tax. The franchise fee must be paid to the Kansas Secretary of State with the entity's annual report. Both may be submitted electronically at the Kansas Business Center. To file the annual report and pay the franchise fee by mail, go to www.ksrevenue.org/forms-bustax.htm to download and print forms and instructions. LLCs must pay an annual Franchise Tax - now called a "Franchise Fee" - of $55; see below for information on the separate Franchise Tax. The franchise fee must be paid to the Kansas Secretary of State with the entity's annual report. Both may be submitted electronically at the Kansas Business Center. To file the annual report and pay the franchise fee by mail, go to www.ksrevenue.org/forms-bustax.htm to download and print forms and instructions. Kansas recently enacted changes to its franchise tax law. The new franchise tax and fee law requires businesses to pay a franchise tax to the Kansas Department of Revenue and a separate franchise fee to the Secretary of State (discussed above). Both are due the 15th day of the fourth month following the tax year end; e.g., April 15, 2008 for entities with a December 31, 2007 tax year end. --- The new franchise tax, which carries a maximum of $20,000, works as follows. business entities that have $100,000 of net worth or more in the state must pay to the Kansas Department of Revenue a franchise tax of 0.125% of the total net worth. business entities required to pay the tax will file a return with he Department of Revenue, which must be accompanied by the taxpayer's balance sheet. Kansas recently enacted changes to its franchise tax law. The new franchise tax and fee law requires businesses to pay a franchise tax to the Kansas Department of Revenue and a separate franchise fee to the Secretary of State (discussed above). Both are due the 15th day of the fourth month following the tax year end; e.g., April 15, 2008 for entities with a December 31, 2007 tax year end. --- The new franchise tax, which carries a maximum of $20,000, works as follows. business entities that have $100,000 of net worth or more in the state must pay to the Kansas Department of Revenue a franchise tax of 0.125% of the total net worth. business entities required to pay the tax will file a return with he Department of Revenue, which must be accompanied by the taxpayer's balance sheet.
Kentucky Kentucky corporations and qualified foreign corporations must file an annual report, due by June 30 of each year beginning with the calendar year following the date of the corporation's formation or qualification. The filing fee is $15. The annual report form is not available online, the Secretary of State's office mails the form to registered agents between January and March of each year. LLCs must file an annual report, due by June 30 of each year beginning with the calendar year following the date of the LLCs initial filing. The Filing fee is $15. The annual report form is not available online, however the Secretary of State's office mails the form to registered agents between January and March of each year. Kentucky corporations and foreign corporations doing business in Kentucky are subject to an income tax, payable annually on Form 720. The tax rate is progressive, beginning at 4 percent and graduating to 8.25 percent. Most LLCs must file a Kentucky Partnership Income Return (Form765). The return is for informational purposes only. LLCs classes as corporations for federal tax purposes must file the Kentucky Corporation Income and License Tax Return (Form 720).
Louisiana Louisiana corporations and qualified foreign corporations must file annual reports before the anniversary date of incorporation or qualification in Louisiana. The Secretary of State mails the form to the corporation at least 60 days prior to the anniversary date. The Secretary of State does not provide blank forms. The filing fee is $25. LLCs must file annual reports before the anniversary date of the LLCs initial filing in Louisiana. The Secretary of State mails the form to the corporation at least thirty days prior to the anniversary date. The Secretary of State does not provide blank forms. The filing fee is $10. Louisiana corporations and foreign corporations doing business in Louisiana are subject to corporate franchise tax and corporate income tax. The franchise tax is calculated as follows: $1.50 for each $1,000 of capital employed in Louisiana up to $300,000, and $3 for each $1,000 of capital employed in Louisiana in excess of $300,000. The income tax rate is progressive, beginning at 4 percent and graduating to 8 percent. Most LLCs must file a Partnership Return of Income (Form IT-565). The return is required for informational purposes only. LLCs classified as corporations for federal tax purposes must file a Corporation Income and Franchise Tax Return (Form 620).
Maine Maine corporations must file an annual report on form MBCA 13. The filing fee is $60. The form is not available online. The Main State Department mails annual reports to corporations each year. Domestic and qualified foreign LLCs must file an Annual Report by June 1. The filing fee is $60. Annual Report forms are not available online but may be ordered by contacting the Corporate Reporting and Information Section at (207) 624-7752. Maine corporations and foreign corporations doing business in Maine are subject to an income tax. Most LLCs must file Maine's Partnership Return (1065ME). The return is required for informational purposes only. LLCs classified as corporations for federal tax purposes must file a Corporation Income Tax Return (1120ME).
Maryland Maryland corporations and qualified foreign corporations must file an annual Personal Property Report (Form 1) no later than April 15. The annual report fee recently increased to $300 per year. Maryland corporations and qualified foreign corporations must file an annual Personal Property Report (Form 1) no later than April 15. The annual report fee recently increased to $300 per year. Maryland corporations and foreign corporations with Maryland income must pay a corporate income tax. The tax rate is 7 percent. LLCs must file Maryland's Pass-Through Entity Income Tax Return (Form 510). Generally the return is made for informational purposes only, however LLCs are required to pay the personal income tax on behalf of non-residents at a rate of 4.8%.
Massachusetts Massachusetts corporations must file a Massachusetts Corporation Annual Report. The annual report is due on or before the 15th day of the third months after the close of the corporation's fiscal year. The filing fee is $125. An LLC must file an annual report each year with the Division on or before the anniversary date of the filing of the LLCs original Certificate of Organization or Application for Registration with the Division. The filing fee is $500. Massachusetts corporations and foreign corporations with taxable operations in Massachusetts must pay a corporate excise tax. Corporations incorporated within the Commonwealth Of Massachusetts file Form 355A. Corporations chartered in foreign states file Form 355B. The excise tax is calculated as follows: $2.60 per $1,000 of taxable Massachusetts tangible property, and 9.5 percent of income attributable to Massachusetts. Most LLCs must file Massachusetts' Partnership Return (Form 3). The return is for informational purposes only. LLCs that are classified as corporations for federal tax purposes must file the Corporate Excise Return (Form 355).
Michigan Michigan corporations must file a recently simplified annual report form. The annual report form is not available online. The Michigan Bureau of Commercial Services mails the form to corporations each year. The form carries a $15 charge. All LLCs doing business in Michigan are required to file an Annual Statement each year by February 15. LLCs organized after September 30 need not file an Annual Statement until the second February 15th after their formation. Corporations engaged in a business activity in Michigan whose adjusted gross receipts are $250,000 or more in a tax year are required to file a Single Business tax (SBT) return. Michigan does not levy a business income tax. However, it does collect a Single Business Tax on any business with adjusted gross receipts that exceed $250,000 in a tax year. LLCs are generally exempt from this tax. However, LLCs classified as corporations for federal tax purposes may be required to pay.
Minnesota Minnesota corporations must file a Domestic Corporation Annual Registration by December 31 of each year. There Is no filing fee. Foreign corporations must file a Foreign Corporation Annual Registration by December 31 of each year. The filing fee is $115. The secretary of State now offers online filing through its web site. Domestic and foreign LLCs must file an Annual Registration accompanied by a filing fee of $35 each year by December 31. The Secretary of State now offers online filing through its web site. Minnesota corporations are subject to an annual corporate franchise tax, and must file a Corporation Franchise Tax Return (Form M4). Most LLCs must file a Minnesota Partnership Return (Form M3). LLCs filing the Partnership Return may be subject to a minimum fee of $100 through $5,000. LLCs classified as a corporation for federal tax purposes must file a Corporation Franchise Tax Return (Form M4).
Mississippi Mississippi corporations and qualified foreign corporations must file a Corporate Annual Report. The report is due April 1, The filing fee is $25. LLCs are not required to file annual reports. Mississippi corporations and foreign corporations doing business in Mississippi must pay an income tax and franchise tax. The minimum franchise tax is $25. Llc must file a Mississippi Partnership/Limited Liability/Limited Liability Partnership income tax return (Form 86-105) each year by April 15. However, Mississippi LLCs do not pay tax on its income unless classified as a corporation for federal tax purposes.
Missouri Missouri corporations and qualified foreign corporations must file an annual registration report. Annual report are due by the 15th day of the fourth month of the corporation's fiscal year. The Secretary of State's office mails the form to the corporation's registered agent. The form is not available online. Missouri LLCs are not required to file periodic reports. Missouri corporations and foreign corporations doing business in Missouri pay both a franchise and income tax. Most LLCs must file a Partnership Return of Income (Form MO-1065). This return is informational only. LLCs classified as corporations for federal tax purposes must file a corporation income tax return (Form MO-1120).
Montana Montana corporations and qualified foreign corporations must file an Annual Corporation Report accompanied by a $10 fee. Montana LLCs must file an Annual Report accompanied by a $10 fee by April 15. Montana corporations and foreign corporations doing business in Montana must pay a corporation license tax, which is based upon corporate income attributable to Montana. Most LLCs must file a Partnership Return of Income (Form PR-1). The partnership Return is informational only. LLCs classified as corporations for federal tax purposes must file a Corporation License Tax Return (Form CLT-4).
Nebraska Nebraska corporations and qualified foreign corporations must file an annual corporation occupation tax report. The fee is base upon the paid up capital stock (for domestic corporations) and the real estate and personal property in use in Nebraska (for foreign corporations). LLCs are not required to file annual reports. Nebraska corporations and foreign corporations doing business in Nebraska are subject to an income tax. LLCs must file a Nebraska Partnership Return of Income each year by the fifteenth day of the fourth month of the fiscal year. An LLC that's members are all Nebraska individual residents with income solely derived from Nebraska is not required filing the Partnership Return.
Nevada Nevada corporations must file an Initial List of Officers and Directors form by the 1st day of the 2nd month following the incorporation date; the filing fee is $125. Each year thereafter, Nevada corporations must file and Annual List of Officers and Directors form; the filing fee is $125, but graduates upward based on the authorized capital. Domestic and foreign LLCs must also file an Initial List of Managers of Members and Resident Agent by the first day of the second month after initially filing with the Division (for example, if the LLC originally filed on January 18, it would be required to file the Initial List on or before March 1). The filing fee for the Initial List is $125. Thereafter, Nevada LLCs must file an Annual List of Managers or Members and Registered Agent; the filing fee is $125. Nevada has one of the least burdensome tax structures in the United States. Nevada has no corporate income tax, and no corporate franchise tax. Nevada does not levy a corporate, partnership or LLC income tax.
New Hampshire New Hampshire corporations and qualified foreign corporations must file an annual report form. The form is not available online. The State Corporation Division mails the form in January of each year. The form is due April 1 of each year. The filing fee is $100. Domestic and foreign LLCs doing business in New Hampshire must file an Annual Report with the Division each year by April 1. The Division issues pre-printed forms by mail to all registered LLCs in January. The filing fee is $100. New Hampshire corporations and foreign corporations doing business in new Hampshire must pay an income tax called a business profits tax. The tax rate is 8 percent. However, organizations with $50,000 or less of gross receipts from all their activities in New Hampshire are not required to file a return. In addition, corporations are subject to a business enterprise tax. The business enterprise tax is a .50 percent tax is assessed on the enterprise value tax base, which is the sum of all compensation paid or accrued, interest paid or accrued , and dividends paid by the business enterprise, after special adjustments and apportionment. LLCs with more than $50,000 in annual gross receipts from business activity within New Hampshire must file a Business Profits Tax return. The Business Profits Tax rate is 8.5%. LLCs with more than $150,000 in annual gross receipts from business activity within New Hampshire must file a Business Enterprise Tax return. The Business Enterprise Tax rate is .75% of the enterprise's value.
New Jersey New Jersey corporations and qualified foreign corporations must file an annual report accompanied by a $50 fee. An LLC must file an annual reports each year. The filing fee is $50. New Jersey corporations and foreign corporations doing business in New Jersey must pay a Corporate Business Tax (CBT). The CBT rate is 9 percent on the adjusted net income attributable to New Jersey operations. Most LLCs must file a Partnership Return of Income (Form NJ-1065). The return is for informational purposes only. LLCs classified as corporations for federal tax purposes must file a Corporation Business Tax Return (CBT-100).
New Mexico New Mexico corporations and qualified foreign corporations must file a First Report within 30 days from the date of incorporation or qualification in New Mexico. The filing fee is $25. Thereafter, New Mexico corporations and qualified foreign corporations must file a biennial report on or before the 15th day of the third month following the end of the corporation's fiscal year. LLC are not required to file annual reports. New Mexico corporations and foreign corporations doing business in New Mexico are subject to a corporate franchised tax and a corporate income tax. The corporate franchise tax is $50 per year. The income tax rate is progressive and ranges from 4.8 percent of net income to 7.6 percent of net income. New Mexico LLCs must file a New Mexico Income and Information Return for Pass Through Entities (Form PTE). LLCs that file a federal corporate income tax return are required to pay the New Mexico franchise tax ($50 per year).
New York New York corporations and qualified foreign corporations must file a Biennial Statement accompanied by a $9 filing fee. The statement is due in the calendar month in which the corporation filed its original Certificate of Incorporation. LLCs must file a Biennial Statement with the Division every two years. Shortly before the due date, the Division will mail a Statement from to the LLC. The filing fee is $9. New York corporations and foreign corporations doing business in New York must pay an annual Maintenance Fee Tax, a corporate franchise tax, and an income tax. Foreign corporations are also subject to a New York State license fee, and domestic corporations are also subject to an organization tax. New York taxation is complex beyond the scope of this volume. Contact the New York Department of Taxation and Finance for more information. LLCs are usually considered partnerships for New York tax purposes and must pay the Department of Revenue's annual filing fee ($325-$10,000 depending on the number of LLC members). An LLC that is treated as a partnership for federal income tax purposes will be treated as a partnership for NY personal income and corporate franchise tax purposes.
North Carolina North Carolina corporations and qualified foreign corporations must file an annual report with the Secretary of State. Domestic and foreign LLCs must file an annual report by the fifteenth day of the fourth month after the close of the fiscal year. The filing fee is $200. North Carolina corporations and foreign corporations doing business in North Carolina must pay a franchise tax and an income tax. The franchise tax rat is $1.50 of each $1,000 of the "capital stock, surplus, and undivided profits base" - essentially a tax on corporate property. The minimum franchise tax is $35. The income tax rate is 6.9 percent. LLCs are not subject to North Carolina's corporate income or franchises taxes.
North Dakota North Dakota corporations and qualified foreign corporations must file an annual report each year following the year in which they were incorporated or qualified. Annual report forms are not available on the Secretary of Stat's web site. The report is due on August 1. The filing fee is $25. LLCs that engage in business or provide professional services must file an annual report by November 15. LLCs engaged in farming or ranching must file by April 15. The filing fee for both is $50. North Dakota corporations and foreign corporations doing business in North Dakota must pay an annual corporate income tax, and a license fee based upon the corporation's authorized shares. LLCs typically must file a North Dakota Return of Income (Form 1065) and will benefit from pass-through taxation. LLCs classified as corporations for federal tax purposes will be required to file a Corporation Income Tax Return (Form 40).
Ohio Ohio corporations and qualified foreign corporations must file an annual report. The annual report form is not available on the Secretary of State's web site. Contact the Secretary of State's office to obtain an annual report form. Http://dw.ohio.gov/tax/dynamicforms/ LLCs are not required to file annual reports. Ohio corporations and foreign corporations doing business in Ohio must pay an annual corporate franchise tax. The franchise tax is based upon the corporation's income attributable to Ohio operations and the net worth of the corporation. The minimum tax is $50. LLCs are not subject to Ohio Corporate Franchise Tax Report.
Oklahoma Foreign corporations must file an annual certificate on or before the anniversary date of its qualification in Oklahoma. The Secretary of State mails the forms to the corporation's last known address. LLCs must file an annual report each year by July 1. The Department will automatically mail forms to registered LLCs in May. The filing fee is $25. Oklahoma levies an annual franchise tax on all corporations that do business in the state. Corporations are taxed $1.25 for each $1,000 of capital invested or used in Oklahoma. Foreign corporations are additionally assessed $100 per year, payable to Oklahoma Tax Commission, for the Secretary of State acting as their registered agent. The franchise tax return, unless an election is made to file in conjunction with the filing of the Oklahoma income tax, is due July 1. Corporations are also subject to an income tax. The tax rate is 6 percent. LLCs are not required to file a return for the Oklahoma Franchise Tax.
Oregon Oregon corporations and qualified foreign corporations must file an annual report by a corporation's anniversary date. The Corporation Division mails annual report forms to corporations approximately 45 days prior to the due date. Corporations must pay a renewal fee. Oregon corporations pay $30 and Foreign corporations pay $220. Annual Reports along with a filing fee of $20 are due by an LLCs anniversary date. An Annual Report form is mailed to the LLC by the Division approximately 45 days prior to the due date. The Annual Report is only filed the first year after organizing. LLCs must only file a renewal coupon with the Division in subsequent years. The Division mails the renewal coupon form approximately 45 days prior to the due date. The filing fee is $20. Oregon corporations and foreign corporations doing business in Oregon must pay an annual corporate income tax. The income tax rate is 6.6 percent. Most LLCs will be required to file a Partnership Return (Form 65). The return is generally for informational purposes only and no tax will be due. LLCs classified as corporations for federal tax purposes must file an Oregon Corporation Excise Tax Return (Form 20).
Pennsylvania Pennsylvania corporations and qualified foreign corporations are not required to file annual reports. However, they are required to notify the Corporation Bureau upon a change in the name or address of the registered agent by filing a Statement of Change of Registered Agent. Pennsylvania and foreign LLCs doing business in the state are not required to file annual reports, however, they are required to notify the Bureau upon a change in the name or address of the registered agent by filing a Statement of Change of Registered Agent. Pennsylvania corporations and foreign corporations doing business in Pennsylvania must pay a corporate net income tax and a corporate loans tax. The corporate income tax rate changes from year to year, but is generally burdensome. The corporate loans tax is imposed at the rate of 4 mills (4/10 of a cent) on each dollar of the nominal value of all scrip, bonds, certificates, and evidences of indebtedness. In addition, Pennsylvania corporations must pay a capital stock tax. The capital stock tax for domestic firms is imposed on the corporation's capital stock value, as derived by the application of a formula. Foreign corporations must remit foreign franchise tax. The foreign franchise tax is a tax on the privilege of doing business in Pennsylvania, rather than on property, and is imposed on the capital stock value attributable to Pennsylvania. Most LLCs must file the Pennsylvania S Corp/Partnership Information Return (Form PA-20S/PA-65), which is for informational purposes only. LLCs may also have to file from RCT-101 for Pennsylvania's Capital Stock/Franchise Tax.
Rhode Island Rhode Island corporations and qualified foreign corporations must file an annual report. Annual reports are nota available on the Secretary of State's web site, but can be requested by calling (401) 222-3040. The filing fee is $50. Annual Reports must be filed with the Division between September 1 and November 1. Annual Report forms are not available on the Division's web site, but can be requested by calling (401) 222-3040. The filing fee is $50. Rhode Island corporations and qualified foreign corporations must pay an income tax. The tax rate is 9 percent of net income attributable to Rhode Island. In addition, Rhode Island corporations and qualified foreign corporations must pay a franchise tax of $2.50 for each $10,000 of authorized capital. Authorized capital is the total authorized shares multiplied by the shares' par value. No par stock is valued at $100 per share. The minimum franchise tax is $250. Most LLCs must only pay the Rhode Island Franchise Tax of $250. LLCs classified as a corporation for federal tax purposes must file Rhode Island's corporate income tax return.
South Carolina Annual reports are not filed with the Secretary of Stat's office; they are included in a corporation's tax filings and filed with the South Carolina Department of Revenue. LLCs conducting business in South Carolina must file an Annual Report and a filing fee of $10 each year. The Annual Report must be filed between January 1 and April 1 the year after the LLC first organizes or registers in South Carolina. Thereafter, an LLC must file its Annual Report by the fifteenth day of the fourth month after the close of the LLC's taxable year. South Carolina corporations and foreign corporations doing business in South Carolina must pay an annual license tax of .001 times their capital stock and paid-in-surplus plus $15. The license tax is payable by the original due date for filing the income tax return and is paid along with the return of the request for an extension for filing the income tax return. The initial license tax is $25 and is paid at the time of incorporation or at the time of qualification by a foreign corporation. In addition, South Carolina corporations and foreign corporations doing business in South Carolina must pay an income tax equal to 5 percent of a corporation's net income attributable to South Carolina. Typically, domestic and foreign LLCs conducting business in South Carolina must file a Partnership return (Form SC-1605). LLCs classified as corporations for federal tax purposes must file a Corporate Income Tax return (Form SC-1120).
South Dakota South Dakota corporations must file a domestic annual report. The filing fee is $25. Qualified foreign corporations must file a foreign annual report. The filing fee is $25. LLCs must file an Annual Report before the first day of the second month following the anniversary month of the LLCs initial filing. South Dakota does not have a corporate or personal income tax. South Dakota corporations and qualified foreign corporations may be subject to a sales and use tax. South Dakota does not have a corporate or personal income tax. LLCs conducting business in South Dakota may be subject to a sales and use tax.
Tennessee Tennessee corporations and qualified foreign corporations must file an annual report on or before the first day of the fourth month following the close of the corporation's fiscal year. The Division of Business Services automatically prepares and mails an annual report form to each active corporation during the ending month of the corporation's fiscal year. The annual report filing fee is $20. LLCs conducting business in Tennessee must file an Annual Report on the first day of the fourth month following the close of the fiscal year. The filing fees are identical to those for organizing or registering an LLC. Tennessee corporations and foreign corporations doing business in Tennessee must pay an excise tax equal to 6 percent of net earnings. In addition, corporations must pay a franchise tax equal to 25 cents per $100 of corporate net worth. Tennessee LLCs must file a Franchise, Excise Tax Return (FAE 170). The franchise tax is $.25 per $100 of the LLC's net worth at the close of the tax year (minimum tax is $100). The excise tax is 6% on earnings from business conducted in Tennessee.
Texas Texas corporations and qualifying foreign corporations must file an initial Franchise Tax Report and Public Information Report within one year and 89 days after the corporation's original filing date. Thereafter, corporations must file annual reports each May 15. The Secretary of State mails the annual report forms to corporations each year. LLCs are not required to file an annual report with the Secretary of State. Texas corporations and foreign corporations doing business in Texas must pay an annual corporate franchise tax. Corporations pay the greater of the tax on net taxable capital or net taxable earned surplus. LLCs doing business in Texas must file and pay Texas' franchise tax (Form 05-143). The tax rate is .25% on the LLC's net taxable capital.
Utah Utah corporations must file an annual Application for Renewal Form accompanied by a $10 fee. LLCs conducting business in Utah must file an Annual Report/Renewal Form by the anniversary date of the original filing with the Division. Utah corporations and foreign corporations doing business in Utah must pay a corporation franchise tax equal to 5 percent of income attributable to Utah operations. The minimum tax is $100. Most LLCs must file Utah's Partnership Limited Liability Company Return of Income (Form TC-65). If an LLC is classified as a corporation for federal tax purposes the LLC is subject to the Utah corporate income and franchise taxes.
Vermont Vermont corporations and qualified foreign corporations must file an annual/biennial report form. You may generate a form online. The fee for domestic corporations is $25. The fee for foreign corporations is $150. For more information, contact the Vermont Secretary of State. LLCs doing business in Vermont must file an annual report within the first 2 1/2 months following the end of a fiscal year. The filing fee is $15 Vermont corporations and foreign corporations doing business in Vermont must pay a corporate income tax. The corporate tax rate ranges from 7 percent to 9.75 percent. The minimum tax is $250. LLCs must file a Vermont Business Income Tax Return. Pass through taxation is granted to LLCs, but they must pay a minimum tax of $250.
Virginia Virginia corporations and qualified foreign corporations must file an annual report. The Virginia State Corporation Commission mails an Annual Assessment Packet to the eligible corporations. Corporations must file their annual report by the last day of the calendar month of the anniversary date of their incorporation. The annual report must accompany an annual registration fee. The annual registration fee is based upon the corporation's authorized shares and ranges from $50 to $850. A table appears at www.scc.virginia.gov/division/clk/fee_annual.htm The commission collects an annual registration fee of $50 from each LLC doing business in Virginia. The fee is due each year by September 1. Virginia corporations and foreign corporations doing business in Virginia must pay a corporate income tax. LLCs are not required to file an annual return with the Virginia Department of Taxation.
Washington Washington corporations may file their annual reports online at www.dol.wa.gov/business/renewcorp.html. Washington refers to this annual requirement as a renewal, and the fee is $59. Washington LLCs may file their annual reports online at www.wol.wa.gov/business/renewcorp.html. Washington refers to this annual requirement as a renewal, and the fee is $59. Washington corporations and foreign corporations doing business in Washington must pay a Business and Occupation income tax that is based upon gross income from activities conducted in the state. LLCs must pay the Business and Occupation Tax each year. The tax is levied on gross income, proceeds of sales or the value of the LLC's products. The rate is .47% on retailing, .484% on manufacturing and 1.5% on services.
West Virginia West Virginia corporations and foreign corporations with operations in West Virginia must file an annual report. The Corporations Division mails the annual report to registered corporations. The report is due July 1 of each year. The report must be accompanied by a $10 attorney-in-fact fee and the annual corporate license tax. LLCs doing business in West Virginia must file an annual report by April 1 each year. The filing fee is $10. West Virginia corporations and foreign corporations doing business in West Virginia must pay a business franchise tax. The tax is based upon the corporation's capital structure. Corporations must also pay a corporation net income tax. The income tax rate is 9 percent. Contact the West Virginia State Tax Department for more information. LLCs doing business in West Virginia must file a Business Franchise Tax Return each year. The tax rate is $.75 per $100 of taxable income, with a minimum annual tax of $50.
Wisconsin Wisconsin corporations and qualified foreign corporations must file an annual report. The form is not available online. The filing fee is $25 for domestic corporations and a minimum of $50 for foreign corporations. Domestic LLCs do not have to file an annual report with the Corporations Section, however registered foreign LLCs do. The filing fee for doing so is $50 and the report is due by the end of the first quarter of each calendar year. Wisconsin has both a franchise tax and income tax. However, only one tax is imposed against a corporation in a taxable year for the privilege of exercising its Wisconsin franchise or for doing business in Wisconsin. Franchise tax applies to Wisconsin corporations foreign corporations doing business in Wisconsin. The tax rat is 7.9 percent. Income tax applies only to foreign corporations which are not subject to the franchise tax and which own property in Wisconsin or whose business in Wisconsin is exclusively in foreign or interstate commerce. The tax rat is 7.9 percent. Most LLCs must file a Partnership Return of Income (Form 3). The return is informational only. LLCs classified as a corporation must file a Corporation Franchise or Income Tax Return (Form 4).
Wyoming Annual corporation reports are due on or before the 1st day of the anniversary month of the corporation's initial filing. The report may be drafted and printed online at the Secretary of Stat's web site. Annual Reports may be filed online at soswy.state.wy.us/Annual_Rpt_Main.asp. Wyoming has no corporate income tax. Wyoming corporations and foreign corporations doing business in Wyoming pay an Annual Report License tax based upon all assets located and employed in Wyoming. The Annual Report License Tax is the greater of $50 or two-tenths of one mil (.02 cents) of the company's Wyoming assets. Wyoming has no income tax applicable to LLCs. Wyoming Llc doing business in Wyoming pay an Annual Report License Tax based upon all assets located and employed in Wyoming. The Annual Report License Tax is the greater of $50 or two-tenths of one mil (.02 cents) of the company's Wyoming assets.

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