Annual report fees and late penalties by state

01State filing fees

The filing fee is what the state charges to accept the report. It is paid to the state, it does not change with the size of the company in most states, and it is the same whether you file yourself or through a service.

02Late penalties

The late penalty is added the moment the due date passes. In Texas: $50 for a late franchise tax report (none for the Public Information Report alone). The right to do business is forfeited 45 days after notice, the charter 120 days later. In Delaware: A $200 penalty plus 1.5% interest a month. A corporation’s charter becomes void after a year unpaid; an LLC is cancelled after three years.

The full timeline of what each state does after the due date, including dissolution, is in missed your annual report deadline.

03What a filing service adds

A private filing service charges its own fee on top of the state’s. Look for one that shows the two apart, passes the state fee through at cost and sends you the state’s receipt.

04Questions