An annual report is a required filing that updated the Secretary of State with your business’s latest information.  While specific requirements vary by state, most reports include:

• Business name and entity type
• Principal office address
• Names and addresses of directors, officers, or members
• Registered agent information

Failure to file annual reports on time can result in severe consequences, including: 

• Late fees and penalties 

• Administrative dissolution of your business entity 

• Loss of limited liability protection