Great news! As of early October we now offer Future Filing Dates when you form your business. We let you delay your filing date between 5-90 days in the future depending on your state. Read on to learn more about what this is.
A future filing date (also referred to as a “delayed effective date,” “future effective date,” or “delayed file date”) is the day you set for your company to officially begin. Ordinarily, your business would officially start to exist whenever the state approves your filing, but some people prefer to tell the state not to officially create the business until a set date in the future. If they don’t need their company formed right away, some entrepreneurs select a future filing date in order to save time and money on annual reports and tax filings.
If it’s toward the end of the year (e.g., November), sometimes business owners will use a future filing date of January 1 or later so that they won’t have to file taxes for the current calendar year. This can make things less complicated and also save the cost of hiring a CPA just for those few remaining months of the current year. In addition, most states require your business to file an annual report with an attached fee, so sometimes entrepreneurs will push their filing date back to January to avoid the hassle and costs of having an annual report for whatever remains of the current year.