How to Keep Your LLC Active ✅

Good standing with the state is asset protection. What I mean by that is if the LLC or corporation doesn't stay in good standing or properly registered with the state, it's like a locked door and the hinges got removed. It looks like protection from a distance, but when the pressure hits, it's going to fall right over. And to make it more complicated, every state has its own rules. When those annual filings have to be filed, can it be done online? What is the fee? Is there a fee? Are there franchise taxes? Is there a specific date every year, or is it on the annual renewal of when you formed the company? Do you have to update the ownership or address information? And if you miss those filings, the state may automatically suspend the entity. It's called administratively dissolved. Good standing keeps your structure ready for when you need it.