Keeping the company in good standing · A term for founders abroad
What is an annual report?
The yearly filing a state requires to keep a company in good standing: $60 in Wyoming; a Delaware LLC files none and pays a yearly tax instead.
Checked against the IRS's instructions and the states' own rules. Reviewed by Saais Patel, compliance reviewer.
Term 6 of 105 in the glossary, filed under A.Wyoming Secretary of State: business FAQs
Annual report, for a founder abroad.
Most states ask for a short filing each year, or every two years, confirming the company's details, with a fee. It keeps the company in good standing.
- Wyoming: an annual report and $60 licence tax, due on the first day of the month the company was formed in.
- Delaware LLC: no report, but a $400 yearly tax by 1 June.
- Delaware corporation: a $50 report and franchise tax by 1 March, usually $450 together for a new startup.
Miss it and the company loses good standing; leave it long enough and the state dissolves or cancels it. Every plan puts the date on your calendar.
Sources: Wyoming Secretary of State: business FAQs; Delaware Division of Corporations: LLC annual tax instructions.
Read next · guide · 8 minWyoming or Delaware LLC for a founder abroad: the choice that sets your yearly costWhat founders ask next.
- Does a Delaware LLC file an annual report?
- No. It pays the flat $400 yearly tax by 1 June and reports nothing.
- Does the annual report list the owners?
- Not in Wyoming, where it asks for addresses and the value of assets in the state, nor for a Delaware LLC, which files none.
03 · See also
- Keeping the company in good standingGood standingThe status of a company that has filed and paid everything its state requires; lost by missing a report or tax, and proved by a certificate.Read the term
- Keeping the company in good standingWyoming annual report licence taxWyoming's yearly charge on an LLC: $60, or $0.0002 per dollar of Wyoming assets if more, due on the first day of the month it was formed in.Read the term
- Keeping the company in good standingDelaware annual LLC taxThe flat $400 tax every Delaware LLC pays by 1 June each year, raised from $300 in 2026; Delaware LLCs file no annual report.Read the term
- Keeping the company in good standingFranchise taxA state's yearly tax on a company for existing or doing business there, nothing to do with franchises; Delaware corporations and Texas companies owe one.Read the term
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