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What is an annual report or franchise tax?

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Written by Shaan Patel
Updated over a year ago

An annual report is an annual fee that most states have for LLCs and corporations. This is a required report that must be filed every year with the state, and usually carries some sort of tax.
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Using Slash's Platinum renewal service allows you to not worry about this process, and let us handle the filing.
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There are other tax and state filings to be aware of as well. If you are looking for tax or bookkeeping help, contact us for an introduction to a tax or bookkeeping professional.

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