📋Doola Guide

LLC Annual Report & Compliance: Everything You Must File in 2026

A Wyoming LLC that misses its annual report filing is administratively dissolved — meaning it loses its legal status, liability protection, and ability to open bank accounts. Doola's compliance plan files everything automatically.

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What Is LLC Annual Report & Compliance?

Every US LLC has annual compliance requirements: a state annual report (or franchise tax) that keeps the LLC in legal standing, and federal tax filings. Missing state filings results in administrative dissolution — the LLC ceases to exist legally until reinstated.

Who Needs This?

All US LLC owners — domestic and international. Foreign-owned US LLCs have additional federal requirements (Form 5472) that domestic LLCs don't face.

Doola Makes This Fast and Simple

Doola handles LLC formation, EIN (7–10 days), Mercury banking, and ongoing compliance — so you can move forward without the DIY research burden.

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2026 Compliance Filing Calendar

Missing any of these deadlines has significant consequences — from $60 state reinstatement fees to $25,000 IRS penalties. Mark these dates in your calendar the day your LLC is formed. Doola's Starter plan handles state filings automatically; the Tax & Compliance plan adds federal returns and Form 5472.

Filing	Deadline	Fee	Consequence if Missed	Doola Coverage
Wyoming Annual Report	First day of anniversary month (e.g., formed in March → due March 1)	$60/year	Administrative dissolution	Doola auto-files with Starter plan
Delaware Annual Report + Franchise Tax	June 1 each year	$300 minimum franchise tax	Administrative dissolution	Delaware companies require accounting method consideration
New Mexico Annual Report	Not required (no annual report)	$0/year	Administrative dissolution	No annual state filing — lowest maintenance state
IRS Form 5472	With LLC's federal tax return (typically April 15, extension to September 15)	$25,000 penalty if missed	IRS $25,000 penalty	Required for all foreign-owned US single-member LLCs
IRS Form 1065 (if multi-member LLC)	March 15 (2-month earlier than personal)	$220/month penalty if late per partner	Administrative dissolution	Multi-member LLCs file partnership return

Form 5472: Everything You Need to Know

Who Must File

Every US LLC with a foreign (non-US) owner. This includes 100% of the international founders Doola serves.

What It Reports

Transactions between the LLC and its foreign owner/related parties. Includes: capital contributions, loans, sales, services between owner and LLC.

$25,000 per year per form missed. The IRS began actively enforcing this in 2018 and has issued hundreds of millions in penalties to date.

Attached to Form 1120 (or pro forma 1120) as part of annual LLC federal tax return. Doola's Tax & Compliance plan ($1,999/year) handles this filing.

The Most Common Form 5472 Mistake

The most common Form 5472 mistake is assuming the form is only required when the LLC has US-source revenue. This is wrong. Form 5472 is required for any foreign-owned single-member LLC that has any "reportable transaction" with its foreign owner — and the initial capital contribution you made when you funded your LLC counts as a reportable transaction. Even if your LLC had $0 in revenue in its first year, you still need to file Form 5472.

The second most common mistake is filing late. The IRS sends penalty notices automatically when Form 5472 is not received with the annual return. International founders often learn about Form 5472 after their first IRS notice — which arrives with the full $25,000 penalty already assessed. Doola's Tax & Compliance plan prevents this by filing the form as part of your annual return package.

Doola Handles the Complexity

LLC · EIN · Mercury · Annual compliance · Form 5472. All in one platform, starting at $397/year.

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Doola Pricing

Plan	Price	Includes
Starter	$297/yr	LLC + EIN + registered agent + annual state report
Tax & Compliance	$1,999/yr	Everything + Form 5472 + federal return + IRS support
Business In A Box	$2,999/yr	Everything + operating agreement + ToS + privacy policy + Mercury intro

Wyoming state fee: $100 initial · $62/year after. Not included in plan prices above.

Frequently Asked Questions

What happens if I miss the Wyoming annual report?▾

Wyoming sends a notice. If unfiled, the LLC is administratively dissolved. Dissolved LLCs: (1) lose legal standing, (2) lose liability protection for pending lawsuits, (3) have Mercury and Stripe accounts at risk of closure, (4) require reinstatement ($100 fee + filing fee). Doola's Starter plan auto-files before the deadline.

What is Form 5472 and who needs it?▾

Form 5472 is required for every US LLC with a foreign (non-US) owner. It reports transactions between the LLC and its foreign owner — including any capital contributions you made to the LLC. The $25,000 IRS penalty for missing it is one of the most costly mistakes international founders make. Doola's Tax plan handles it.

Does Wyoming LLC require more compliance than New Mexico?▾

Wyoming: $60/year annual report filing — one form, once per year. New Mexico: $0/year, no annual report. Both still require Form 5472 if foreign-owned (federal requirement, not state). Wyoming's $60 annual report is the only additional compliance vs New Mexico.

Does my LLC need to file a US federal tax return if I have no US-source income?▾

Foreign-owned single-member US LLCs (disregarded entities) technically don't file Form 1120 — but must file Form 5472 as an attachment to a pro-forma Form 1120. Many non-US founders without US-source income believe they have no US tax filing obligations — this is a misconception. Form 5472 is required regardless of income.

Can Doola handle all my LLC compliance filings?▾

Yes — Doola's Starter plan ($297/year) handles state annual reports (Wyoming/Delaware/NM). Adding the Tax & Compliance plan ($1,999/year) adds Form 5472, federal tax return preparation, and ongoing IRS correspondence. For bookkeeping, Pulse ($300/year) tracks expenses throughout the year for clean annual filing.