Once your West Virginia LLC is created, you must adhere to your state’s filing dates in order to maintain good standing and prevent costly fines or penalties.
This page provides answers to the following questions for a West Virginia limited liability company:
What exactly is an annual report?
How do I submit my yearly report?
Should I use a registered agent?
Table of Contents
What Exactly Is an Annual Report?
An annual report is a routine file in West Virginia that your LLC must do every year to update your company information, which includes:
Address of the company (es)
Name and address of the process server
New process servers must assent to their appointment on the form Number of workers.
Members’ or supervisors’ names and addresses
This report’s aim is to maintain your company records current with the State of West Virginia. This enables creditors and other interested parties to locate your company address in the event that they need to contact you. This information is used by the government to trace the payment of your LLC state taxes.
How Do I Submit My Annual Report?
The Secretary of State’s website is where you may submit your West Virginia LLC yearly report. To file online, you’ll need an account, and you may pick between “Annual Report No Changes” and “Annual Report With Changes.”
Should I Hire a Registered Agent?
A registered agent, also known as an agent for service of process in West Virginia, is a person or entity designated by your corporation to receive and transmit documents on your behalf. You may guarantee that your LLC’s reports are always submitted on time to the relevant government agency by employing a registered agent service. The following are the three primary benefits of employing a registered agent service for your LLC:
Avoid late filing penalties: If a West Virginia LLC fails to submit an annual report, the Secretary of State has the authority to dissolve it. A registered agent service will remind you when reports are due and, for an extra cost, will submit the file for you.
Gain flexibility: A registered agent service may receive and submit paperwork for your LLC during normal business hours, allowing you to avoid working from 9 a.m. to 5 p.m. every week. You may also employ a registered agent service to create an LLC in states where you do not already have a company presence.
Keep your personal address out of public records: Using a registered agent service helps you to keep your personal address out of public records, preserving your privacy. Furthermore, if your LLC is sued, the lawsuit will be served at the registered agent’s address rather than your place of business.
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