Full transparency

Annual obligations of your LLC

A U.S. LLC comes with annual obligations. This sheet sets them out clearly, with their deadlines and the state involved. Knowing them in advance keeps your company in good standing — and it is our commitment to transparency.

A non-resident LLC has four annual obligations: the state Annual Report (state-dependent — none for New Mexico), the Registered Agent (renewed each year), the IRS information filing (mandatory even with no income, penalties up to $25,000) and any obligations in your country of residence. Our annual packages cover the Annual Report and the Registered Agent.

State Annual Report

Depending on the formation state: Wyoming requires an annual report, Delaware a franchise tax, and New Mexico none. Failing to file leads to the loss of "Active" status and possible administrative dissolution. This obligation is covered by the Maintenance Pack.

Handled by: Covered by the Maintenance Pack
Deadline: Anniversary date (Wyoming, Delaware)

Registered Agent

Your company must keep a registered agent in the state at all times. The first year is free in the Formation Pack; renewal (from year 2) is covered by the Maintenance Pack.

Handled by (from year 2): Covered by the Maintenance Pack
First year: Free (Formation Pack)

Annual IRS tax filing

Important obligation

Any LLC owned by one or more non-residents must file an annual information return with the IRS, even with no activity or income. These obligations are not covered by the formation service — the Accounting Pack lets you delegate them to a U.S. CPA.

Multi-member LLC

Form 1065 + K-1

Deadline: March 15

Penalty ~$260/month/member for late filing

Single-member LLC

Form 5472 + pro forma 1120

Deadline: April 15

Penalty up to $25,000 for an unfiled Form 5472

Obligations in your country of residence

Owning a U.S. company may have tax consequences in your country of residence. We do not provide tax advice — consult a tax professional to assess your situation.

During onboarding, you tick an acknowledgement: "I confirm I have read and understood this sheet, and that these obligations are mine."

Do these obligations feel demanding?

Our Maintenance and Accounting Packs let you delegate the renewal, the Annual Report and the IRS filing. Start directly or ask us your questions.

Start my LLC Email us or ask a question

Statecove is an administrative support service for company formation. We facilitate your business formation and compliance steps. Statecove is not a law firm or an accounting firm, and does not provide personalized legal or tax advice. Accounting and tax services are handled by licensed partner professionals (CPAs). For any binding legal or tax decision, we recommend consulting a qualified professional.