Step I

Entity Type

Step II

State

Step III

File

Step IV

Post Filing

Step V

Initial Actions

Step VI

EIN

Step VII

Compliance

 

   

Step VII: Ongoing INC & LLC Compliance

Although your INC or LLC may now be properly set up, completed its post-filing requirements, completed all its initial actions, obtained its EIN, opened its bank account, there are still other things to consider this year and every year after words if you plan to keep your corporation “active” or compliant with your state’s rules.
 

But what are they?

What really needs to be done?

Even if your INC or LLC has done everything else up to this point, there are several ongoing issues your entity must follow to stay compliant with your formation state’s regulations or statutes.
 

If you have a Corporation (or entity taxed as Corp.)

Here are a few of the ongoing actions your Corp. must take

File Annual Report with your state

Hold Special Directors meeting for all “large” corporate actions

Hold Special Shareholders meeting for all “very large” corporate actions

Document all Director and/or Shareholders decisions

Report/file any changes to the state

Hold Annual Directors meeting

Hold Annual Shareholders meeting

Deliver proper notice to Directors or Shareholders or unanimous consent

Document all Annual meetings

File annual state tax returns

File federal tax returns

  

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If you have an LLC

Here are a few of the ongoing actions your Corp. must take

File Annual Report with your state

Hold Special Directors meeting for all “large” corporate actions

Hold Special Shareholders meeting for all “very large” corporate actions

Document all Director and/or Shareholders decisions

Report/file any changes to the state

Hold Annual Directors meeting

Hold Annual Shareholders meeting

Deliver proper notice to Directors or Shareholders or unanimous consent

Document all Annual meetings

File annual state tax returns

File federal tax returns

  

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