Do I really have to send in an annual report for my LLC if it hardly makes any money and is a small business? If so, what form does it need to take? Is there an example provided for a small business owner to use as a framework?
It depends on the state.
Some states require annual reports, many do not.
Each state will have its own format for annual reports.
These are usually not like the “annual reports” that publicly-traded companies issue (e.g. a 10-K), but rather a short form showing the ownership of the LLC, current address, etc.
For example, here are the annual reporting requirements for a Hawaii LLC:
Annual Report: A limited liability company shall file an annual report that lists:
- The name of the company and the state or country under whose law it is organized
- The mailing address of the company’s principal office
- The street address of its registered office in this State
- The name of its registered agent at its registered office in the State
- Whether the company is manager-managed, and if so, the name and address of each manager, and the number of members; or if not, the name and address of each member.