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Annual Reports for Ohio Corporations & LLCs Most of the states are requiring every corporation & LLC registered in the state to file annual reports with the names of officers. Ohio Annual Fees Taxpayers generally must compute the tax on both the net worth base and the net income base and pay the tax on the base that produces the greater tax. The maximum net worth base tax liability is $150,000. However, different rules apply to financial institutions and qualifying holding companies. Ohio Annual Reporting Requirements Franchise Tax Report - a corporation organized for profit is subject to the corporation franchise tax for each calendar year (tax year) that on the first day of January of that calendar year the corporation:
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