TERM SHEET: 
TAX FILING AND COMPANY RENEWAL


 
Each U.S. Entity (LLC, Corporation, Non-Profit) should meet few mandatory filing and renewal requirements to comply with U.S. laws and regulations:

  • Annual Tax Return (Federal & State)

  • State Franchise Tax and State Annual Report

  • Registered Agent Renewal

 

These filing requirements may vary depending on the entity type, state of incorporation, ownership structure and annual profit.

FilingByCPA provides complete annual tax filing and company renewal service to our clients to assist you meet your U.S. Tax Filing and Company Renewal Requirements.

 

FEATURES INCLUDED
 

 

Annual Tax Return:

 

 

Tax returns in the United States are reports filed with the Internal Revenue Service (IRS) and / or with the state (tax / revenue department) and / or local tax collection agency containing information used to calculate income tax or other taxes. Tax returns are generally prepared using forms prescribed by the IRS or other applicable taxing authority.

The tax return is based on the information provided from your annual financial statements (profit & loss account and balance sheet statement).

The objective of the tax return is to calculate your U.S. Tax liability based on your income (taxable income, exemptions, deductions, net taxable income) and federal tax status (corporation, LLC, Resident / Non Resident).

Most tax returns should be prepared and filled with the IRS and States during March - June of the following calendar year. For specific filing due dates, please contact us.


 

 

State Franchise Tax / State Annual Report / Registration Renewal Fees:

 

 

Most U.S. States require all registered entities to file annual report and pay renewal fees. In many state this requirement referrers to  state annual report or state franchise tax return. Franchise Tax is either a 'fix' amount (each state has its own fee) or a calculation based on percentages of the entity's 'net worth' (net assets). For example, a Delaware LLC require to pay $250 / year and a Delaware Corporation a % of its net assets with a minimum of $125 (as of 2012).

State annual report require the entity to report and update information on its directors, officers, business address, registered address, registered agent and share capital.

Most State Franchise Tax and Annual Reports should be prepared and filled during March - June of the following calendar year. For specific filing due dates, please contact us.



 

Registered Agent Renewal

 

 

A registered agent, also known as a resident agent or statutory agent, in United States business law, is a business or individual designated to receive service of process (SOP) when a business entity is a party in a legal action such as a lawsuit or summons. The registered agent's address may also be where the state will send the paperwork for the yearly renewal of the business entity's charter. The registered agent for a business entity may be an individual member of the company, or (more often) a third party, such as the organization's lawyer or a service company. Failure to properly maintain a registered agent can affect a company negatively

 Your Registered Agent Service should be renew every year to maintain your entity in good standing status.

 

     
 

Tax Filing, State Annual Report & Registered Agent are included

FilingByCPA provides complete annual tax filing and company renewal service to our clients to assist you meet your U.S. Tax Filing and Company Renewal Requirements.