ALABAMA ANNUAL REPORT FILING

WHAT IS AN ANNUAL REPORT:

An annual report is a comprehensive document that summarizes all the financial and business activities of a company throughout the year. It also contains information regarding the directors, shareholders, directors, managers, employees, registered office, registered agents of the company.

WHY DO WE NEED TO FILE AN ANNUAL REPORT:

In order to keep yourself updated with the latest information with the secretary of state, it is required to file an updated annual report with the state. If you are registered as a business, i.e. as a Corporation, LLC, you need to file an annual report with the state’s secretary of state regardless of the size of your business. It is mandatory for all US businesses to update company information through annual reporting.

WHEN TO FILE AN ANNUAL REPORT:

Filing of annual report varies from state to state and business to business. You need to find your respective state filing requirement from the website. In some states, annual report is file at a date specified by the secretary of state irrespective of when you have incorporated your business while in rest of the states, it is filed on the same date as you registered your business.

HOW TO FILE ALABAMA ANNUAL REPORT:

All LLCs, Corporations and LLPs doing business in Alabama must file an annual report every year in order to comply with the state requirements and avoid penalties and fines.
All business entities except for nonprofit corporations and partnerships, upon starting a new business are required to file an Initial Business Privilege Tax Return (called Form BPT-IN) within two and a half months of incorporation, or registration.
All business entities also required to pay the Alabama Business Privilege Tax. Alabama state requires every business entity to update its information each year on a periodic basis through a form called Business privilege Tax Return. The Alabama Corporation Business Privilege Tax Return and Annual Report is sometimes referred to as an Alabama Corporation Annual Report.
Annual report can be filed manually on a paper form (form available on the Secretary of State website) or electronically on the Secretary of State website.

HOW WE CAN HELP YOU:

You can also hire our professional services for doing this task on your behalf. For professional service hiring you have to do the following:

You need to fill up a simple online questionnaire about your business.
Our team will prepare the required annual report paperwork based on the filled questionnaire.
Your annual report will be filed with the state by our team, meanwhile you will receive all documentation related to reporting.

PRE REQUISITES TO FILE AN ANNUAL REPORT IN ALABAMA:

In order to file an annual report electronically, you are required to provide the following:

Enter the complete name of your business: Your company’s name alongwith the type of business such as LLC, Corporation or non profit.

Provide your mailing address: Enter your full name along with your mailing address. This could me your home or office complete address.

Enter your Tax closing date: On this date your income tax returns are due to be submitted. Tax closing date depends upon when your fiscal year is ending. For example if your company’s fiscal year ending in December, then your Tax closing date is December.

Enter your state of Company’s registration: Where your LLC, LLP, LP, or Corporation is incorporated and registered.

Companies are required to include the following information:
- Name, title, addresses of directors
- Name, title, addresses of employees
- Federal Employer identification number
- Nature and purpose of the business
- Details of the agent of the company

ANNUAL REPORT FILING REQUIREMENTS IN STATE OF ALABAMA:

Limited Liability Companies:

Due Date	15^th of 4^th month (i.e. April 15^th) yearly after the beginning of the taxable year.
How to file	By mail or online
What to file	Business Privilege Tax return with department of revenue.(Based on the entity’s net assets).
Filing fee	$ 100
Penalties for late filing	None
Documentation	Form PPT

Limited Liability Partnerships:

Due Date	15^th of 3rd month (i.e. March 15^th) yearly after the beginning of the taxable year.
How to file	By mail or online
What to file	Business Privilege Tax return (Based on the entity’s net assets.) Annual Notice with Alabama secretary of state.
Filing fee	$ 100
Penalties for late filing	None
Documentation	Form PPT

Limited Partnerships:

Due Date	15^th of 4^th month (i.e. April 15^th) yearly after the beginning of the taxable year.
How to file	By mail or online
What to file	Company Return of income only (NO Annual return or Business privilege tax return required to be filed) with department of Revenue
Filing fee	$ 100
Penalties for late filing	None
Documentation	Form 65

For Corporations:

Due Date	15^th of 3^rd month (i.e. March 15^th) yearly after the close of your fiscal year.
How to file	By mail or online
What to file	Business privilege Tax Return & Annual Report with the department of revenue.
Filing fee	$ 110.
Penalties for late filing	Penalties will be imposed by the Alabama Department of Revenue.
Forms	Form CPT, AL CAR

For Non Profit Corporations (registered as Charity organization):

Due Date	Within three months after the close of your fiscal year.
How to file	By mail or online
What to file	Annual renewal statement with Consumer protection Division of the Alabama Office
Filing fee	$ 25
Penalties for late filing	If not filed within 90 days following due dates, business license will be revoked in the Alabama.
Documentation	IRS form 990

Forms/ Documents required to be submitted:

Initial Business Privilege Tax form	Form BPT	Department of Revenue, State of Alabama	All entities on incorporation of business
Business privilege tax Form	Form PPT	Alabama Secretary of State.	Limited Liabilities Companies
Annual report	AL-CAR	Department of Revenue, State of Alabama	Corporations
Annual return Form	IRS Form 990	Consumer Protection Division, Alabama office	Non Profit Organisation as Charity
Tax return Form	Form 65	Department of Revenue, State of Alabama	Limited Partnership