Published · Updated · By Govance Editorial
LLCs and S-Corporations face different annual compliance requirements depending on your state of formation and where you operate. Understanding the difference prevents costly filing mistakes.
LLC annual report requirements
Most states require LLCs to file an annual or biennial report with the Secretary of State. The report confirms your registered agent, principal address, and member/manager information. Fees range from $0 (Arizona) to $500+ (Massachusetts, Tennessee).
S-Corp annual report requirements
S-Corporations are corporations for state law purposes. Most states require corporations to file annual reports — often with higher fees than LLCs. California charges corporations a minimum $800 franchise tax. New York requires a biennial statement for corporations.
Federal requirements — both entity types
Both LLCs and S-Corps must file federal tax returns. S-Corps file Form 1120-S. LLCs file Form 1065 (multi-member) or Schedule C (single-member). These federal deadlines are separate from state annual reports.
Key differences by state
- California: LLCs pay $20 Statement of Information + $800 franchise tax; corps pay $25 SI + $800 minimum tax
- Delaware: Corps pay franchise tax March 1; LLCs pay June 1
- Texas: Both file Public Information Reports with the Comptroller
- New York: Corps file biennial statements; LLCs file biennial statements
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