Annual Requirements & Ongoing Compliance Checklist for _______________
Federal, state, and local requirements: ITEM
DEADLINE
____ File federal income tax return ____ File for a Federal Tax ID Number if deemed necessary for your business ____ If C corporation, pay necessary corporate income taxes ____ If S corporation, report profit/loss on Shareholders’ tax returns ____ File state income tax return (if applicable), pay taxes ____ Pay state franchise taxes (if applicable) ____ Complete annual statement and pay necessary fee ____ Comply with state sales and use tax obligations ____ Comply with payroll tax obligations ____ Comply with property tax obligations ____ Pay county or city taxes (if applicable) ____ Renew state, county, city, and/or municipality business licenses
_________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________ _________________
Ongoing compliance items: ITEM
DEADLINE
____ Send proper notification of annual meeting _________________ of Directors ____ Hold annual meeting of Directors _________________ • Document all actions of the meeting • Keep minutes of the meeting with corporate records • Elect corporate positions/Officers ____ Send proper notification of annual meeting _________________ of Shareholders ____ Hold annual meeting of Shareholders _________________ • Elect Directors • Document all actions of the meeting • Keep minutes of the meeting with corporate records ___________________________________________________ ONGOING REQUIREMENTS: Keep these items with your corporate records ____ A copy of your Articles of Incorporation and any amendments ____ A copy of your Bylaws and any subsequent revisions and amended copies ____ A stock transfer ledger recording all transfers of your corporation’s stock ____ Copies of all meeting notice documents sent to Directors and Shareholders ____ Copies of all Directors and Shareholders resolutions ____ Minutes from all Directors and Shareholders meetings and copies of all documents approved during those meetings (such as contracts, leases, etc.)
____ Your corporate seal