Business Compliance Requirements and Consequences
After incorporating or forming an LLC, there are ongoing compliance requirements for your company.
These compliance requirements vary by state and fall into two categories: internal and external. Internal requirements need to be fulfilled by the directors and shareholders or members and managers and must be documented as part of company records. External compliance requirements are imposed by the state in which your business is incorporated and any state where it is registered to transact business, or Foreign Qualified.
For more information on internal and external business compliance requirements and the consequences failure to comply, read: Business Compliance Requirements and Consequences.