How to Prepare an Annual Report Compile the Business Profile. Generate Key Financial Statements. Select Operational and Financial Highlights. Write the Management Discussion and Analysis. Write the Letter to Shareholders.
If you only do business as a sole proprietorship/partnership either under your names or under a fictitious name (or DBA) not associated with an entity you will not need to file an annual report.
In addition, Pennsylvania professional LLCs, restricted professional companies and all foreign and domestic limited liability partnerships and limited liability limited partnerships must file an Annual Registration every year, including 2024.
The Pennsylvania annual report is required by state law. The Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) report is required by federal law.