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as a business owner youve got a lot on your plate dealing with marketing operations and ensuring your business grows takes most of your focus but theres one thing you cant ignore filing your llcs annual report if youre a new business owner you might be wondering what is an annual report were here to tell you an annual report is a detailed account of what your business has done in the previous year its required in most states usually on a set date or on an anniversary of when you filed your articles of organization some states only require these documents every two years called the biennial report most states only require them for legal business entities and not for sole proprietorships or partnerships check with your secretary of state to find out your states requirements and filing deadlines so what goes in an annual report were glad you asked most annual reports include the name and location of your business names and addresses for all the members and managers of your llc i