Annual reports, deadlines, and what missing one costs
Most states require an annual filing to keep your LLC in good standing. Wyoming's is $60, due on the first day of your anniversary month. Delaware charges a flat $300 whether or not the company traded.
The essentials
Verified July 28, 2026
- Wyoming
- $60/yrOr $0.0002 per dollar of Wyoming-based assets, whichever is greater. Due the first day of your anniversary month.
- Delaware
- $300/yrFlat annual LLC tax, owed regardless of income or activity.
- Florida
- $138.75/yrRequired annually to stay active.
- Nevada
- $350/yrCombined annual list and business licence fee.
- Texas
- $0 for most LLCsNo franchise tax below the revenue threshold, though a report may still be required.
What's included
- Tracking your filing deadline and reminding you before it falls due
- Preparing and submitting the report to the state
- Confirmation once the state accepts it
What's not included
- The state's own filing fee, which is paid to the state and varies by state
- Federal tax filings such as Form 5472, which are a separate obligation with separate deadlines
- Reinstatement work if the company has already fallen out of good standing
The deadline is your anniversary month, not a fixed calendar date
Founders assume annual reports are due at the same time for everyone, like a tax year. In Wyoming the deadline is the first day of the month you formed in, which means it is different for every company. Miss it and the state moves the company toward administrative dissolution — a process that is recoverable but costs more than the report did, and can surface at exactly the wrong moment.
Why a dormant company still owes this
Annual reports and franchise taxes are not income taxes. Delaware's $300 is owed by a company that earned nothing all year, and Wyoming's $60 minimum applies regardless of revenue. Founders who form speculatively and then leave a company idle are often surprised by this — the obligation attaches to the entity existing, not to it trading.
This is where the state choice compounds
Over three years, Wyoming's annual reports total $180 and Delaware's $900. That gap is the single largest recurring difference between the two states, and it is why the annual report cost matters more than the filing fee when you choose where to form.
Worth knowing
Fee schedules change — Wyoming's is stamped with an effective date each July. The figures here were checked on the date shown and should be verified against the state's current schedule before you rely on them for planning.
Common questions
When is my Wyoming annual report due?
The first day of your anniversary month — the month in which the company was formed. That means the date differs for every company, which is exactly why it gets missed.
Do I still file if the company made no money?
Yes. Annual reports and franchise taxes attach to the entity existing, not to it earning. A dormant Delaware LLC still owes $300 a year, and a dormant Wyoming LLC still owes $60.
What happens if I miss the deadline?
The state begins moving the company toward administrative dissolution. It is usually recoverable, but reinstatement costs more than the report would have, and in the interim the company may be unable to open accounts or sign contracts cleanly.
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RazorFile files companies. We are not a law firm or tax advisor, and nothing on this page is legal or tax advice.