If LegalZoom misses a deadline, you have a compliance guarantee that will pay your fine or penalty. Note that tax-related reports are not filed as part of Total Compliance. LegalZoom's Total Compliance includes the filing of your annual reports (if necessary in your state) and Compliance Calendar, which creates a tailored calendar to keeps track of important filings dates. This solution helps you keep your business in good standing and is personalized to your business and your state. LegalZoom has a solution for staying on top of your annual reports and other mandatory filings: Total Compliance. Companies not in good standing may risk penalties and fees, and ultimately having their entities suspended by their state. If you fail to file these annual reports, your company could fall out of good standing. Typically, the state requires you to do this annually to ensure they have the latest information on your company, including its name, address, and managers.

In most states, it's a legal must for businesses to file ongoing reports.

One that very often gets overlooked is compliance with the deadlines for filing the necessary reports with your state (typically on an annual basis). Small business owners wear many hats, from formation documents and payroll to marketing and sales.

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