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In general, most states require corporations and other businesses with shareholders to file annual reports. If they fail to do so, they may lose their corporate designation and the tax advantages that go with that designation.
Corporations, LLCs and partnerships registered in the State of Hawaii are required to file annual reports/statements with DCCA Business Registration Division. The annual report/statement provides the public with information on the registered business entity, and it does not include financial information.
To register a Domestic Limited Liability Company in Hawaii, you must file the Articles of Organization for Limited Liability Company (Form LLC-1), along with the appropriate filing fee(s) with the Department of Commerce and Consumer Affairs (DCCA), Business Registration Division.
What is the Cost to File an Annual Report to the State of Hawaii? All businesses filing a report in Hawaii will pay the basic fee of $15, regardless if they are foreign or domestic.
To amend articles of organization for a Hawaii LLC, submit the Hawaii Articles of Amendment of Limited Liability Company to the Hawaii Department of Commerce, Business Registration Division (BREG). You'll need to include the amendment, your original articles, a $25 fee and a $1 state archives fee.
What happens if I don't file the annual report? If you do not file an annual report by the third Friday of September, your business entity will be administratively dissolved or revoked in our records at the close of business on the fourth Friday of September. (Chapters 607, 617 and 620, F.S.)
Hawaii corporations need to complete the Articles of Amendment and file it with the Business Registration Division of the Department of Commerce. You can do this by mail, fax, or in person. If you have to file the changing of your company name, use the Articles of Amendment to Change Corporate Name.