I just got my LLC registration back and it says to file a report every year or I will be fined $400, What is this report? and are there any other LLC's out there? Can you tell me what I should be doing differently than a sole proprietor? I already use a separate bank account for my business and I am waiting on a certified copy of my articles of organization, to open an account under the new name. That's all I know about LLC, except everyone says this is the route I should take!