It may appear to be a straightforward, routine job -- simply the act of filling in the form and paying the fee. However, missing a step or making a mistake when renewing your LLC could cause major consequences including penalties, a loss of standing and even the administrative dissolution of your company.

In Pro Renewal Service Inc. Pro Renewal Services Inc., we've assisted hundreds of LLCs to remain in compliance. Below are the top 10 mistakes you should stay clear of in renewing the LLC and how you can ensure your company is in good standing year after année.

1. Missing the Renewal Deadline

Every state has a distinct timetable for LLC renewals. They can be done every year, biannually, or in accordance with the date of the date you registered your LLC. In the event of a delay, it could result in the levy of late fees, a losing liability protection, or even suspension of your company.

Beware of it Be aware of your renewal calendar and set reminders for multiple times. Better yet, consider the compliance tracking service.

2. Not Filing an Annual or Biennial Report

In the majority of States, LLC renewal is required to submit the annual or biennial report which updates your company's details (like the address of your business, its members or the registered agent).

Beware of it Do not assume that paying fees is enoughbe sure to determine if a formal report is needed and file it correctly.

3. Using Outdated Business Information

If you submit a renewal application with an outdated address, incorrect information about the member or a incorrect registered agent could cause your application to be rejected or lead to legal problems later on.

Beware of it Check and revise all information about your business prior to making the request for renewal.

4. Failing to Pay State Fees on Time

Renewals are often accompanied by State filing charges. Failure to pay or not paying these fees could lead to the rejection of your application or even penalties.

Beware of it Find out the precise amount to be paid to your state and type of entity. Double-check before submitting payment.

5. Not Updating Your Registered Agent

Your LLC must have a current, valid registered agent in its the file. If the registered agent of your LLC has changed but you've not updated it, your renewal may be void.

Beware of this: Verify your registered agent's details prior to renewing. If the information has changed, you must file an update prior to renewal.

6. Ignoring Multi-State Requirements

When your company is registered an international entity in another state it is required to renew those as well -- Each with their own procedure and timeframe.

Beware of it Monitor renewal dates across all states in which your LLC is in operation and not only in the state in which you are domiciled.

7. Assuming It's Automatic

Many business owners believe that their LLC is automatically renewed when they're running their business as usual. This isn't the case.

Beware of It: Always file the necessary forms - no State automatically renews the LLC on your behalf.

8. Letting a Lapsed Renewal Go Unnoticed

If your LLC has fallen out of good standing, you might not be aware of it until it's to late, like when you're applying for an loan, contract, or license.

Do not do it Check your eligibility regularly with the state's business registry. Correct any lapses as soon as they occur.

9. Failing to Keep Proof of Filing

Even if you have filed your taxes correctly, technical problems or errors in the state can arise. Inadequate records can make the correction process.

Beware: Save copies of all files as well as receipts, confirmations, and other documents to keep for your documents.

10. Trying to Do Everything Last-Minute

Renewals may involve several steps, including making reports, updating records, and working with government agencies. Doing it at the final minute increases the risk of making mistakes.

Beware of this: Begin the renewal process at minimum 30 days prior to the date of renewal to avoid any surprises or delays.

Final Thoughts: Don't Let Small Mistakes Derail Your Business

LLC renewals don't require a lot of effort however they require care and a consistent approach. If you don't pay attention, it could expose your company to the risk of not being in compliance and losing legal protections or incurring unneeded costs.

This is why so many companies depend on Pro Renewal Services INC to manage the entire process from start to finish -- precisely on time and with no stress.