Maintaining LLC compliance is crucial for business longevity. Regularly updating your LLC legal documents is necessary to stay in good standing with your state and avoid penalties.

LLC Documents to Keep Updated

• Annual Report: Most states require LLCs to file an annual report to confirm basic information about the business. Failing to file can lead to penalties or even dissolution of your LLC.
• Operating Agreement Review: Review and amend your operating agreement as needed, especially if there are changes in ownership, management, or business operations.
• Tax Filings: Keep accurate records and file your taxes on time. An LLC must also file IRS Form 1065 (for multi-member LLCs) or Schedule C (for single-member LLCs).
• Registered Agent Information: Update your registered agent details if there’s a change in your business address or agent services.
• State Fees: Be sure to pay any required state fees for business licenses, permits, or taxes.

Having an LLC compliance checklist ensures you stay organized and meet all annual filing requirements. BizTax Strategy offers expert help to keep your LLC in compliance with all the necessary LLC legal documents.