Budget Bill requires Domestic Limited Liability Company Annual Report

The recent state budget bill passed by the legislature and signed by the Governor will require Domestic Limited Liability Companies to file an annual report with the Department. The filing will be similar to that required for business corporations.

Beginning in January 2004, LLC's will have a report filing date based upon the quarter of the year of organization. Annual reports will be mailed to the registered agent at the registered office address as listed with the Department. The reports will be distributed by the Department on the first month of each quarter. As an example, a Limited Liability Company which organized in the months of January, February, or March would be required to file a report with a due date of March 31st; LLC's organized in April, May, or June would be required to file a report with a due date of June 30th; LLC's organized in July, August or September would be required to file a report with a due date of September 30th; LLC's organized in October, November, or December would be required to file a report with a due date of December 31st.

• The name of the Limited Liability Company and Principal Office address.
• The name of the Registered agent and registered office address.
• The Nature of business.
• If the management of the Limited Liability Company is vested in managers, a listing of their names and business addresses.

The report will be available to file online or in paper form. The filing fee for the report is $25.00