What are the annual requirements of an LLC?

You are not required by state LLC statutes to hold an annual meeting and keep minutes. However, the LLC structure allows members to determine how an LLC will be structured and operated by executing an operating agreement. In this document, members may choose to include a clause requiring an annual meeting and a requirement to keep minutes at the annual meeting.

All states require an LLC to file either an annual or semi-annual report with the state agency responsible for registering business organizations. This report typically requires an LLC to set forth the name of the LLC, the street address of the LLC's principal place of business, the name and address of any LLC managers and members, and any changes in the LLC's registered agent and registered office. No state requires the submission of the minutes of an annual meeting as part of an annual or semi-annual report.