Yes, you generally have to renew your LLC every year or every two years, depending on state law. Renewal typically involves filing an annual or biennial report and paying a state-specific fee. Missing renewal deadlines can lead to penalties, loss of good standing, and even administrative dissolution.
What is the cost to renew an LLC?
Initial and Annual Fees for LLCs StateFiling FeeAnnual Fee Alaska LLC $250 $100 Arizona LLC $50 None Arkansas LLC $50 paper, $45 online $150 California LLC $70 $800 Franchise Tax (LLCs formed between January 2021 and January 1st 2024 are exempt for first year.) $20 Statement of Information49 more rows
What is form LLC 5.5 in Illinois?
Articles of Organization LLC form 5.5 establishes your entity as a domestic LLC which allows you to conduct business in the State of Illinois.
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