BizTerm Definition
Annual Report
Short Definition
An INC or LLC's annual reporting
Full Definition

Public Stock Companies

Yearly record of a publicly held company's financial condition. It includes a description of the firm's operations, its balance sheet and income statement. SEC rules require that it be distributed to all shareholders. A more detailed version is called a 10-K.

INC's & LLC's

Most every INC or LLC in most states are required to file an Annual Report and corresponding fee, which typically reports the entity's current people who have authority and primary addresses and/or contact information.  Some state's annual reports are part of an annual tax return filing.  Annual reports are typically due on either the entity's anniversary of the formation date or month, or yearly point in the calendar year or tax year.

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