If you have formed an LLC in Ohio, you need to be aware of the annual report filing requirements. An annual report is a document that LLCs must file with the Ohio Secretary of State every year to confirm their information on file and maintain good standing. Failure to file the annual report can result in penalties and even the involuntary dissolution of the LLC. In this article, we will provide an overview of Ohio LLC annual report requirements, deadlines, and penalties.
1: What is an Ohio LLC Annual Report?
An Ohio LLC Annual Report is a document that LLCs must file with the Ohio Secretary of State every year to confirm and update their information on file, including the names and addresses of the LLC’s members and managers, the registered agent’s name and address, and the LLC’s principal office address. The annual report must be filed by all LLCs, including those that have not yet commenced business in Ohio.
2: Ohio LLC Annual Report Filing Deadline
The Ohio LLC Annual Report is due every year on the anniversary date of the LLC’s formation. For example, if your LLC was formed on July 1st, the annual report is due every year on or before July 1st. The Ohio Secretary of State will send a reminder notice to the LLC’s registered agent approximately 60 days before the due date.
3: Ohio LLC Annual Report Filing Fee and Penalties
The Ohio LLC Annual Report filing fee is $50. Failure to file the annual report by the due date can result in a penalty of $50. If the annual report is not filed within 60 days of the due date, the LLC will be administratively dissolved by the Ohio Secretary of State. To reinstate the LLC, the LLC must file a reinstatement form and pay a $200 fee.
If the LLC’s name has been administratively dissolved for more than five years, the LLC cannot be reinstated and must file new articles of organization and pay the associated fees to form a new LLC. If the LLC is voluntarily dissolved, it must still file the annual report for the year of dissolution.
Conclusion:
Filing an annual report is a crucial responsibility for all Ohio LLCs to maintain good standing and avoid penalties. LLCs should be aware of their filing deadline and ensure they file the annual report on time to avoid incurring additional fees and risking involuntary dissolution.