The holder of an inspection authorization may not delegate the performance of an annual inspection to anyone else. It must be performed personally, and cannot be performed by a mechanic without the IA, or by an owner.
An owner may assist in removing components or inspection plates, or in performing maintenance functions under supervision, but may not perform the inspection. Only the holder of an IA can perform this inspection. The aircraft manufacturer or a repair station may also perform this function.
An annual inspection does NOT include any maintenance. Maintenance may be done in conjunction with an annual inspection, or may be required as a resultof an inspection. However, the annual inspection is nothing more than an inspection for conformity with approved data, more commonly known as "airworthiness."
The holder of a mechanic certificate with an airframe or powerplant (as appropriate rating) may perform maintenance required to bring the airplane into compliance, in response to the list of discrepancies that the IA must provide as the result of the inspection. The aircraft does not have to be in compliance at the conclusion of the inspection, nor does the IA need to approve the aircraft for return to service. Only perform the inspection. A mechanic without the IA may approve the aircraft for return to service, but may not perform the inspection.
In experimental airplanes, the holder of a repairman certificate may perform most of the maintenance required, including the annual condition inspection. However, any certified components which are to remain in certified condition, such as avionics necessary for operation under IFR, or a powerplant which will be maintained in accordance with approved data, require the services of a certificated mechanic.
This is also the case after the aircraft has been sold. The builder, who will be the holder of the repairman certificate (as the aircraft manufacturer) may continue to do the condition inspections (experimentals don't require an "annual"), but the new owner cannot. Additionally, the builder is not empowered to perform the work on any other aircraft, including aircraft of the same model built by other people.