What Is a Connecticut Annual Report?

A Connecticut annual report must be filed by any registered business, whether foreign or domestic, in the state of Connecticut. This requirement is noted in the Connecticut General Statutes section 34-320. Registered business types include those operating for stock or profit, non-stock or non-profit businesses, and corporations with limited liability. An exception for filing the report is granted to Connecticut Statutory Trusts and Connecticut religious corporations. Both are exempt from filing.

Pros of Connecticut Annual Filing

There are two important benefits of filing an annual report in Connecticut. Maintaining an up-to-date annual report supports the company's status as one that is in good standing. With a positive status, should potential investors, financial lenders, customers, or vendors require a certificate validating the status, proof can be easily provided.

Cons of Connecticut Annual Filing

  • Failure to file an annual report by the deadline may result in the “good standing” status being downgraded, which can negatively affect potential funding. 

  • Late fees and penalties may be imposed for not filing. If not paid, the state can dissolve the LLC or corporation.

  • A company must file even if it is no longer doing business in the state. The company must formally withdraw its business from the state to avoid annual report filing; otherwise, penalties and fees will accrue.

  • Filing a state income tax return does not negate the requirement to file an annual state report.

  • Using the excuse of not receiving a reminder notice from the state does not negate the requirement to file an annual report.

  • Acquiring or renewing a business license does not exempt a business from filing an annual report.

Deadline for Connecticut Annual Reports

Once a non-profit corporation or domestic stock corporation registers in Connecticut, a report is due 30 days after the registration date. The annual report is due at the end of the month in which the corporation was initially registered.

Foreign and domestic LLCs, LPs, and LLPs and foreign non-stock and stock corporations are only required to file once a year. The report must be filed by the last day of the corporation's anniversary month.

A charity registered in Connecticut through the Attorney General's office must renew annually. The date generally follows the end of the fiscal year, which makes May 31 the deadline date.

April 1 is the filing deadline for LLCs.

FAQs

Q: What does it cost to file the report?

A: The following is a breakdown of the filing costs for the Connecticut Annual Report.

  • $20 – LLCs, domestic and foreign

  • $20 – LPs, domestic and foreign

  • $20 – LLPs, domestic and foreign

  • $50 – Non-stock corporations, domestic and foreign

  • $50 -  Annual charity renewal

  • $150 - Stock corporations, domestic

  • $435 – Stock corporations, foreign

Q: Where can the anniversary month for filing be found for an individual business?

A: Businesses can find their anniversary month by either looking at the initial Acceptance Letter when the business was registered or by using the search option at the Connecticut Secretary of State website.

Steps for Connecticut Annual Filing

  1. Access the online filing system for using this link. 

  2. Locate the “File Annual Reports” tab and click to access.

  3. Read and agree to the terms by clicking the button labeled “Click to Acknowledge.”

  4. Select either the “Advanced User/With Account” button or click the button designated “Express User/Without Account Setup.”

  5. Fill in the required information and click “Continue.”

  6. Select the “File Annual Reports” tab.

  7. Follow the prompts by entering information into the “Business Name” or the Business ID Number box then clicking “Search Business.”

  8. After searching, if the business name is displayed once, click “Continue.” If multiple names appear, click “Select” next to your company name and then “Continue.” The system will either take you directly to the application or will show a list of any outstanding Annual Reports that are due.

  9. Add or update information. Add your full name to the “Name of Authorizer” tab and type "member" in the “Capacity of Authorizer” block, then press continue. For a U.S. address, leave the “county” blank.

  10. Update the “Principal Maintenance” page, if necessary, then click “Continue.”

  11. Fill in the billing information, then click “Pay Securely Using Credit Card” to complete.

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