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because if those llc or inks are shut down you dont have any corporate protection in fact the banks if they find out a lot of times theyll shut your bank accounts down so just be very careful be very aware that those need to be filed every year hey guys my name is andrew im with reh cpas today were going to talk about annual reports but first we put out a lot of information for small business owners so if you guys like these videos please feel free to subscribe to our youtube channel and click the notification bell so that you get updates every time we put information out so im sitting down with ray so ray what can you tell us about annual reports so this time of year were getting were trying to get the information out to our client base to remember to file your annual reports right so in the state of north carolina every llc and inc is required to file an annual report with the secretary of state so what you do and basically what it is its just going in and verifying the infor