Mark Kohler warns that forming an LLC is just the start. Most states require annual renewal fees and periodic filings like annual reports. Skip these and you lose good-standing status, liability protection, and face penalties or dissolution.
You got your LLC set up. Maybe you checked all these other boxes off and you're like, hey, I did all these things. Or you call us up and clean up these few things. Am I done forever? No, there's some maintenance things that need to happen. The first thing is keeping your in good standing with the state. You set this up with the state. You waved your flag, you put your stake in the ground and said, I'm going to set up this llc. Most states are going to require you to pay an annual renewal fee to file a form of some sort to keep you in good standing or registered with the state.
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