🧠Let’s Start with the Basics
When you open a business, you’re not just creating a brand—you’re entering a legal agreement with both the state and the federal government.
First, you register your business with the Secretary of State—that’s your state-level commitment. Then, you get your EIN (Employer Identification Number) from the IRS, which establishes your business at the federal level.
But here’s what many folks miss: when you opened that business at the state level, you paid a fee. And guess what? The state expects you to pay again every single year to stay in good standing.
📌 Running a business isn’t just about the grand opening and the initial setup; it’s about the consistent, often overlooked, annual responsibilities that keep your business legally active.
Many entrepreneurs focus on startup costs and forget the ongoing obligations. Ignoring these duties can lead to late fees, penalties, or worse—getting your business dissolved.
1. Annual State Filings: Keeping Your Business in Good Standing
Every year, most states require businesses to file an annual report to confirm that the company is still active and to update any changes in business information. This isn’t just a formality; it’s a legal requirement. Failing to file can result in late fees, penalties, or administrative dissolution of your business.
🧾 National Average Cost: Most companies charge between $100–$150, plus the state fee, to file an annual report on your behalf.
💸 Our Price: We charge just $99 + your state fee—and we make the process fast, accurate, and stress-free.
“Compliance isn’t a one-time event; it’s an ongoing commitment.” – Sandra Feldman, Legal Compliance Expert
2. Federal Tax Returns: Reporting Your Earnings
Regardless of your business structure, the IRS expects you to file an annual tax return. Even if your business didn’t make a profit, you’re still required to report your earnings (or losses).
