If you have a limited liability company (LLC) in Missouri, you’re not required to file an annual report to keep your business in good standing, but corporations have an annual report requirement. But don’t worry – it’s a relatively painless process that can be done online.
Read on to learn how to file your corporation’s annual report in Missouri.
What Is an Annual Report?
An annual report simply verifies your business information and tells the state of Missouri that your corporation is still operating.
Keeping up with annual reports is a legal requirement for corporations, enabling you to obtain a Certificate of Good Standing, which a bank or creditor might request to confirm your compliance.
In Missouri, the following information is required for the annual report:
How to File an Annual Report in Missouri
To file your annual report in Missouri, visit the Secretary of State’s website and log in to your account.
Then simply select “file annual report” and fill in the required information.
The fee for filing your annual report is $10 plus a $1.25 credit card fee, and reports are due at the end of the anniversary month of incorporation.
For corporations created before July 1, 2003, the annual report is due at the end of the month indicated on their last annual report.
If You Do Business in Other States
If you do business in other states, be sure to register in those states as a foreign corporation. For example, if your corporation is registered in Missouri and you start doing business in Florida, you’ll need to register in Florida as a foreign corporation.
You’re generally required to register as a foreign corporation if:
- You have a physical presence of any kind in that state
- You have employees in that state
- You regularly meet with clients, managers, or investors in that state
- You are licensed to do business in that state
Once you’ve registered as a foreign corporation, your business will need to follow the annual reporting requirements of that state and pay taxes in that state.
Filing an annual report in Missouri is relatively easy and crucial to smooth business operations.
Failing to file an annual report can result in serious penalties for your corporation, as can filing an inaccurate report.
Be sure to review all your business information and file your report on time to ensure your corporation remains in good standing.