Connecticut LLC Annual Report
Now that you have established your LLC, you are now required to file an Annual with the Connecticut Secretary of State each year your LLC is in existence. This begins the following year the LLC was registered.
The Annual Report keeps your LLC’s contact and other information current with the Connecticut Secretary of State. Your Connecticut LLC Annual Report is due every year between January 1st and March 31st. The fee is $80.00 per year.
January 1st is the earliest that you can file, and March 31st is the last day to file before it’s late.
The Connecticut LLC Annual Report must be submitted on-line. There is no option to file by mail. If you do not have a One Stop Account, you will need to establish an account in order to file.
Every year, every registered business entity is required by Connecticut law to provide the Secretary of the State with an annual report to keep its information up to date with the Secretary’s office and maintain the good standing of the entity. This is a routine filing and until recently, the consequences for failing to maintain your annual reports has been minimal.
However, over the course of the past year, the Connecticut Secretary of the State’s office has stepped up its enforcement efforts regarding annual report filings. By statute, the Secretary of the State has the authority to administratively dissolve Connecticut business entities that have not filed an annual report for more than two years. We have seen an increasing number of administrative dissolutions in the state, which can have a negative impact on the company’s ability to borrow, to bring or defend lawsuits or to generally conduct business.
The Secretary of the State’s office will send notice before administratively dissolving your company, but it will be sent to the address it has on file. If your company’s address is out of date, you may never receive this notice. If you find out your company has been administratively dissolved, please contact us and we can assist you with the reinstatement process. Please be aware that reinstatement can only be done within 3 months of receiving the letter from the Secretary of State.
You have spent a lot of money, time, and effort to establish you LLC. Don’t let it be dissolved by a lack of filing your Annual Report.