Nebraska Biennial Report

You did it. Your Nebraska LLC is officially up and running, ready to take on challenges, roll in the profits, and change the world.

There’s no doubt that this is an exciting time in your business journey. After starting your LLC, it’s easy to get carried away in all the excitement and expectations. After all, as a new business owner, you’ve got a lot on your plate.

But the state does too. They need to keep updated records on thousands of businesses so that they can effectively reach out with any important tax or legal communications down the road. How do they do it? With your cooperation, of course.

In Nebraska, an LLC’s biennial report must be filed in each odd-numbered year, and these filings help the state keep its business records updated to accurately reflect business activity within its borders. Unsure how to go about it? Never even heard of it? No worries at all. That’s why we’re here. Keep reading for everything you need to know.

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What Is the Nebraska Biennial Report? Why Is It Important?

Consider a biennial report the state’s regular checkup on your LLC. It’s similar to a census in that its purpose is to collect the necessary contact and structural information about each Nebraska business.

Each state has its own annual or biennial reporting requirements, and some don’t even require them. But in most states, you’re required to submit one per year that includes your LLC name, principal office address, registered agent information, and member/manager names and addresses. Whether you run a domestic or foreign LLC, you should plan on submitting a biennial report.

Don’t be intimidated, but it’s not something you want to take lightly. This is how the state updates your LLC’s record with the most recent information. They need to know how to reach you with important information about your business status, upcoming filings, taxes, and service of process.

For example, if you change your registered agent, or your current agent resigns, you’ll need to keep the state informed so they can update their contact information. Miss one of their communications and your LLC in Nebraska might end up falling out of good standing or, even worse, administratively dissolved.

Moreover, keeping your information current will help other businesses and potential customers find you. If the Secretary of State has the most updated data on record, anyone can find your business by performing a name search.

How Much Does the Nebraska LLC Biennial Report Fee Cost?

If you’re putting together a budget for all your LLC’s costs – like formation costs, name reservation fees, and initial operating expenses – it’s important to include recurring filings like this one, just so that there are no surprises.

Costs vary from state to state. Some are free while others can be several hundred dollars. Nebraska doesn’t charge exorbitant rates, though, just $10 for the form along with a $3 credit card processing fee if you’re filing online.

Due Date and Frequency for a Biennial Report in Nebraska

Limited liability company biennial reports are due by April 1st on every odd-numbered year. This means that your first biennial report will be due in the first odd-numbered year after you form your LLC. So, if you filed your Certificate of Organization in 2021 or 2022, your first biennial report would be due by April 1, 2023. If you want to file early and get it out of the way, you can do so as early as January 2nd.

What Happens if You Don’t File?

You might be thinking, “that sounds like a pain. How bad could it be if I just fly under the radar?” The short answer: don’t try it. Failing to file your biennial report can yield some serious consequences.

The Secretary of State doesn’t impose any late fees on biennial reports, but if you don’t file by June 1st, your LLC will be labeled “delinquent” and administratively dissolved. At this point, you must file an Application for Reinstatement and pay its $10 fee (plus $5 per page) and any other delinquent fee payments.

 

Required Information

If you’re reading this and it’s currently an odd-numbered year between January 1st and April 1st, it’s go time. Here’s the information that’s included in your biennial report:

  • LLC name
  • Designated office address (Nebraska office location)
  • Principal office address (same as the designated office address for domestic LLCs, but different for foreign ones)
  • Registered agent name and address
  • Filer name and title

Finding this information shouldn’t be too difficult. In fact, you probably know it off the top of your head. If not, you can find it on your LLC’s online record or Certificate of Organization.

Filing Options

You can file your biennial report online through Nebraska’s LLC biennial reporting portal.

On the next page, enter your LLC’s account number and you’ll be on your way. The subsequent page will show your LLC name, designated office address, and registered agent information. Look good? Simply enter your filer and payment information and submit the form.

However, if you need to change one of these items, check the box that reads “if this information has changed…” Here’s the thing: you can’t make these changes directly on the biennial report form. Instead, you must submit a separate Statement of Change form online for $17 or by mail for $15.

Does the State Send Reminders?

Reminders are always nice. They help you stay on top of your business requirements and ensure that you won’t fall out of good standing.

The state will lend you a hand to make sure you don’t forget by mailing a reminder to your registered office address when your due date is approaching. But just to be sure, you should set up your own system of reminders. Use your planner, calendar, phone, whatever will best help you remember to file your report.

Conclusion

There you have it, everything you need to know about Nebraska’s reporting requirements. Follow this guide to a T and your LLC will be prepared to operate smoothly and in good standing long into the future.

And remember, if at any point it seems overwhelming, you’re not alone. A good LLC service like ZenBusiness (or LegalZoom) can be a valuable resource, taking care of all the little details, so you can focus on growing your business.


Frequently Asked Questions

About Filing the Nebraska Biennial Report

Should I use a biennial report service, hire an attorney, or prepare and file my own reports?

This question largely comes down to personal preferences, but we do have some general insights. The DIY route can be quite a bit of work, as you’ll need to keep track of your due dates and complete the entire report on your own with no assistance. As for hiring an attorney, this can be prohibitively expensive for many businesses, as a lawyer can charge hundreds or even thousands of dollars to prepare and file your biennial reports.

You can think of business services companies as a middle ground between these options. While most of these companies charge a fee to prepare and file your biennial reports, that fee will be significantly less expensive than an attorney’s fee. At the same time, you still aren’t going it alone. Instead, you have an experienced professional guiding you through the entire process.

I’ve heard the most about LegalZoom. Are they the best biennial report service?

LegalZoom is the most well-known of all business services companies, thanks to its long track record and extensive advertising campaigns. That said, all of that brand power comes at a cost, as LegalZoom’s pricing and features don’t always compare advantageously to its competitors. While we do appreciate LegalZoom’s biennial report filing service, it isn’t our top choice.

When is my biennial report due?

No matter when you formed your LLC, your biennial report due date will be April 1 of each odd-numbered year following your formation year.

Does Nebraska require LLCs to file initial reports?

In some states, LLCs are also required to file initial reports. These reports are typically quite similar to annual or biennial reports, with the difference being that an initial report either accompanies your formation documents or follows their filing within a couple of months.

However, Nebraska does not require initial reports from LLCs. This state gathers all of the information it needs for the first year or two of your LLC’s existence in your Certificate of Organization.

 

What if I need more time to complete my biennial report?

Nebraska does not offer extensions for biennial report filings. In fact, the state removes the form for completing biennial reports from its website after April 1 each year. That said, the state does have a two-month grace period built into its bylaws for biennial reporting, as it waits until June 1 to administratively dissolve companies that failed to file their reports.

Where can I find more official information about Nebraska’s LLC biennial reporting requirements?

To be honest, Nebraska doesn’t provide much official information about biennial reports online. If you have questions that this article can’t answer, you might want to simply call the Secretary of State’s office for further information.

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