If you have a limited liability company (LLC) in Nebraska, you must file a biennial report to keep your business in good standing. It’s a relatively painless process that can be done online.
What Is a Biennial Report?
A biennial report, an annual report in most states, is filed once every two years, verifies your business information, and tells the state of Nebraska that your LLC is still operating. Keeping up with biennial reports is a legal requirement that enables you to obtain a Certificate of Good Standing, which a bank or creditor might request to confirm your compliance.
In Nebraska, the following information is required for the biennial report:
How to File a Biennial Report in Nebraska
To file your biennial report in Nebraska, visit the Secretary of State’s website, select “filing for an existing entity,” and enter your business services account number.
Then you’ll select “file online” and fill in the required information.
The fee for filing your biennial report is $10. Reports are due by April 1 or every odd-numbered year.
If You Do Business in Other States
If you do business in other states, be sure to register in those states as a foreign LLC. For example, if your LLC is registered in Nebraska and you start doing business in Florida, you’ll need to register in Florida as a foreign LLC.
You’re generally required to register as a foreign LLC 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 LLC, your business will need to follow the annual reporting requirements of that state and pay taxes in that state.
Filing a biennial report in Nebraska is relatively easy but crucial to smooth business operations.
Fitting a biennial report can result in serious penalties, as can filing an inaccurate report.
Review all your business information and file your report on time to ensure your LLC remains in good standing.