Who Needs to File an Annual or Biennial Report in Nebraska?
Nebraska requires different types of businesses to file either annual or biennial reports depending on their legal structure:
- Domestic and Foreign Business Corporations (including Professional Corporations): These entities are required to file a biennial report in even-numbered years by March 1, with delinquency starting on April 15.
- Domestic and Foreign Limited Liability Companies (LLCs): Biennial reports for LLCs are due in odd-numbered years by April 1 and are delinquent on June 2.
- Domestic and Foreign Nonprofit Corporations: Similar to LLCs, nonprofits file biennial reports in odd-numbered years by April 1, with delinquency starting June 2.
- Limited Liability Partnerships (LLPs): LLPs must file annual reports every year by April 1. Reports are considered delinquent if they are not filed before June 2.
- Benefit Corporations: These entities must file an annual benefit report within 120 days following the end of their fiscal year.
Deadlines and Penalties for Failure to File
It’s essential to file your report on time to maintain your business’s active status. There is no late fee, but failing to file by the delinquency date can result in administrative dissolution, which means your business may no longer operate legally in Nebraska. Furthermore, dissolved businesses cannot obtain a Certificate of Good Standing. This document is often required by banks, lenders, and other parties when entering into contracts or seeking financing.
In Nebraska, reinstating a dissolved business can involve significant time and expense, which is another reason why timely filings are a priority. (Foreign LLCs and voluntarily dissolved businesses are not eligible for reinstatement.)
