Pennsylvania LLC Annual Report
Once you have formed your Pennsylvania LLC, you must stay on top of your state’s filing deadlines (annual report) in order to stay in good standing and avoid unnecessary fines or penalties.
This article answers the following questions for a Pennsylvania LLC:
What Is an Annual Report?
Previously, the Pennsylvania Department of State only required a decennial report to be filed in years ending in 1 (i.e., 2011, 2021, etc.). As of November 2022, these filing requirements have been repealed and replaced with an annual report requirement.
This annual report is meant to update your business information, including:
- LLC name
- Your registered office address
- The name of at least one LLC member
- Your principal office address
- Your Pennsylvania DOS entity number
The purpose of this report is to keep your business records up to date with the Commonwealth of Pennsylvania. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC state taxes.
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How Do I File an Annual Report?
Annual report filing for LLCs will go into effect in 2024. The fee will be $7, and the filing deadline will be September 30. The Department of State will have a "transition period" regarding late filing, which will not be penalized until 2027.
Should I Use a Registered Agent Service?
A registered office is an address selected by your company to officially receive and send papers from. By using a registered agent service, you can ensure that your LLC's reports are always filed on time to the appropriate government agency. Here are the three main advantages to using a registered agent service for your LLC:
- Avoid late filing penalties: The Department of State can dissolve a Pennsylvania LLC if it does not file a decennial report. A registered agent service will notify you when reports are due, and they can also submit the filing for you for an additional fee.
- Gain flexibility: A registered agent service can receive and send documents for your LLC during regular business hours so that you don’t have to be on the job from 9 a.m. to 5 p.m. every week. You can also use a registered agent service to form an LLC in other states where you don't already have an established business presence.
- Maintain privacy: Using a registered agent service allows you to keep your personal address off of public records, ensuring your privacy. Additionally, if someone sues your LLC, the lawsuit will be served to the registered agent’s address rather than your place of business.
Learn more about getting a Pennsylvania registered office by reading our guide.
Recommended: Northwest provides free registered agent service for the first year as part of their LLC packages.