To prevent having your business shut down, you need to be sure you are filing an Annual Report. Every LLC and IIC is required to file an annual report.
An Annual Report is basically just a verification of your information including your name, address, and your contact information.
Be sure to file this every year with your taxes to prevent any issues with the IRS.
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Ray Halstead and Andrew McMillan are managing partners at REH CPAs in Mooresville, NC. They focus on helping small business owners with their bookkeeping, accounting, taxes, and ultimately allowing them to stay out of their books and in their business.
If you want to speak with someone about your small business taxes, give REH CPAs a call at (704) 662-8249.
Annual Report Explained
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