Compliance
Annual report
An annual report is a periodic filing most US states require from registered companies, confirming current details such as the registered agent, address and management. It carries a fee and is an obligation of existence rather than of trading activity.
In plain terms: A yearly form telling the state your company still exists and where to find it.
Why it matters
The most commonly missed obligation, because nothing about it feels urgent. Missing it starts a quiet sequence: late fee, loss of good standing, then administrative dissolution — usually discovered when a bank asks for a certificate you can no longer obtain.
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