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Yearly obligations

The filings that come back every year.

Compliance · 2 min read · Updated November 11, 2026

In this guide
  1. State requirements
  2. Federal requirements
  3. Beneficial ownership reporting
  4. How we help
  5. Plan ahead

Forming a company is the first step. Most companies have obligations that repeat every year. Missing them can lead to penalties, loss of good standing or, eventually, dissolution by the state.

State requirements

  • Annual report or similar filing. Many states ask for a yearly update of the company's address, agent and officers or managers. The name and timing vary by state.
  • Franchise or annual taxes and fees. Some states charge them, and some do not. Rules differ by state and entity type.
  • Registered agent renewal. Your agent service is renewed regularly so the state always has a contact.

Federal requirements

  • Income tax filings. What you file depends on how the company is taxed. An LLC with one member, an LLC with several members and a corporation each follow different rules.
  • Information returns. Some companies must file additional forms, particularly when owned by foreign persons. Penalties for missing them can be significant.
  • Payroll and sales taxes. These apply if you have employees or sell taxable goods or services.

Beneficial ownership reporting

Federal rules about reporting a company's owners have changed several times, and who must report has varied. Check the current requirements for your company.

How we help

Your dashboard shows a calendar of due dates that apply to your company, and we send reminders. We can also arrange the registered agent renewal. We do not prepare tax returns.

Plan ahead

Put the dates on your calendar and keep your records organized. If you are not sure what applies to your company, a licensed accountant can tell you which filings you owe.

This is general information, not legal or tax advice.

General information, not legal or tax advice. If your case needs it, a licensed attorney or accountant can advise you. Read the disclaimer

Related questions

What people usually ask after reading this.

What does it cost each year?

It depends on the state. asks for an with a $60 minimum; charges an $400 a year and a corporation from $225; charges $138.75 for an and $150 for a corporation; an in pays no annual fee. After the first year you also renew the , and your quote shows these costs before you pay.

What is a registered agent and why do I need one?

It is a person or company with a physical address in the state that receives your company's official mail. Every state requires one. We order the first year as part of the formation and warn you before the next one expires.

What is the annual report and who files it?

It is a document many states require to keep a company active, sometimes with a fee or a tax. Fae notes each date and reminds you 60, 30 and 7 days before. If you want, we prepare and file the report, and the state fee is charged at cost.

What is Form 5472?

It is an information return the IRS usually asks of US companies with foreign owners, and it is filed even if the company had no income. Not filing it can lead to penalties. We do not file tax returns, so Fae reminds you it exists and recommends reviewing it every year with an accountant who works with foreign-owned companies.

How are my company's taxes paid?

That depends on your case and your country, and FairEntity does not give legal or tax advice. Fae gives you general information about the obligations that exist and, if your situation needs it, can refer you to a licensed professional.

Keep reading

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Still have a question about your case?

This guide is general. Fae can apply it to your company, your country and your state.