Report vs tax
A report (also called annual report, statement of information or list) updates the state's record of your LLC: address, agent, sometimes managers. A tax is a separate charge some states add. States call it a franchise tax, an annual tax or a license tax. Some states charge only a report fee, some only a tax, and some both.
What eight states charge
| State | Requirement (from official state pages) | Due |
|---|---|---|
| Delaware | $400 annual LLC tax. No annual report required for LLCs. A $200 penalty plus 1.5% a month applies if unpaid | June 1 |
| Wyoming | Annual report with a license tax of at least $60 | Anniversary month |
| New Mexico | We found no annual or biennial report requirement for LLCs | None found |
| Texas | Franchise tax report. No tax due below $2,650,000 of revenue (report years 2026 and 2027) | May 15 |
| Florida | Annual report, $138.75 | January 1 to May 1 |
| Nevada | Annual list $150 plus a $200 state business license | End of anniversary month |
| California | Minimum franchise tax of $800 paid to the Franchise Tax Board every year, plus a $20 statement every two years | See the state pages |
| New York | $9 biennial statement. A separate annual LLC filing fee based on income, set by the Tax Department | Every two years, in the formation month |
These figures come from the fee tables on our state pages, which cite each state's official site. They can change; confirm on the state's site before you pay.
Why the same LLC can owe more than one state
If your LLC is registered as a foreign LLC in a second state, that state may require its own report or tax. Texas states that a foreign entity transacting business there, for example, registers with the Secretary of State. See best state for an LLC.
What happens if you miss it
States can charge penalties. Delaware's page shows a $200 penalty and 1.5% monthly interest. Florida lists a late fee on annual reports (see Florida annual report). A state that cannot reach your LLC, or that stays unpaid, may take further action, including administrative dissolution. Reinstatement in Florida shows what recovery can involve.
Keep your agent's details current
State notices go to your registered agent. If you change address or agent, update the state record.
Calendar checklist
- Write down your state's due date the day your LLC is approved.
- Set a reminder 30 days earlier.
- Check the state's current fee on its official site.
- File or pay with the agency named on its page.
- Save the receipt.
Federal is separate
IRS deadlines, such as Form 5472 for foreign-owned LLCs, are not state reports. Plan both.
Next step
Ready to form yours? Start your LLC with Coral Filings and we handle the state filing, the registered agent and the EIN request. Want to compare filing fees first? Open the state fees hub for all 50 states and D.C.
Frequently asked questions
Is a franchise tax the same as an annual report?
No. The report updates the state's records. The tax is a separate charge some states add, and some states combine the two on one form.
Which states have no annual report for LLCs?
Delaware requires no annual report for LLCs, but charges a $400 annual tax. In our check, New Mexico showed no annual or biennial report requirement. Verify the current rule on the state site.
Does a Texas LLC pay franchise tax?
It files a franchise tax report. No tax is due below $2,650,000 of revenue for report years 2026 and 2027, per the Texas Secretary of State instructions we checked. The report is due May 15.
What is California's $800?
A minimum franchise tax paid to the Franchise Tax Board every year, per the California Secretary of State information we checked. Confirm timing and rules with the Franchise Tax Board.
Do you file my annual report?
This page explains the rules. For filings, contact us or your registered agent about what is included in your plan.
This page is general information, not legal or tax advice. For your specific situation, talk to a licensed attorney or CPA.
Sources
- Delaware Division of Corporations: LLC annual tax
- Wyoming Secretary of State: business fees
- New Mexico Secretary of State: business services
- Texas Secretary of State: instructions for the LLC Certificate of Formation (Form 205)
- File an annual report (Sunbiz)
- Nevada Revised Statutes, Chapter 86 (limited-liability companies)
- California Secretary of State: business entities FAQs
- New York Department of State: Articles of Organization for a domestic LLC