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The date your Articles of Organization were filed with the state.
Select your state of formation.
Falling out of good standing weakens the corporate veil that protects your personal assets. Courts can pierce the veil if your LLC fails to meet basic compliance obligations.
Late annual report fees range from $25 to $400+ depending on the state. BOI non-filing penalties can reach $500/day. Staying current is far cheaper than catching up.
Banks, lenders, and counterparties routinely request certificates of good standing. An LLC out of compliance can be refused for new accounts, loans, and contracts.
After repeated missed filings, states will administratively dissolve your LLC. Reinstatement can cost hundreds of dollars in back fees plus reinstatement charges — and during dissolution, you lose liability protection entirely.
A periodic filing (annual or biennial) with the Secretary of State to update basic LLC information. Names vary: Statement of Information (CA), Periodic Report (CO), Annual Registration (GA), Annual List (NV).
A separate tax some states levy on LLCs for the privilege of operating in the state. California ($800 minimum), Delaware ($300 flat), and Texas (revenue-based) are the most well-known.
Every state requires LLCs to maintain a registered agent with a physical address in the state. The agent receives legal and state correspondence on behalf of the LLC. Most owners use a paid service ($50–$300/year) for privacy and reliability.
Federal Beneficial Ownership Information report required by FinCEN under the Corporate Transparency Act. Must list anyone who owns 25%+ or exercises substantial control. Filed free at fincen.gov/boi. Penalties up to $500/day for non-compliance.
The status of an LLC that has met all state filing and tax obligations. Banks and counterparties may request a certificate of good standing before doing business with you.