Annual
Report is also known as Statement of Information and Biennial Statement. All
profit and non-profit corporations (domestic and foreign), as well as all limited
partnerships, limited liability companies, and limited liability partnerships
must submit annual reports and associated processing fees each year following
their dates of incorporation/registration with their respective secretary of
states. Annual report filing is a prerequisite for maintaining an active
business status.
Every entity must submit an Annual Report once a year. Failure to
submit a properly- completed form on or before the due date subjects the entity
to being administratively dissolved or having its authority to transact
business revoked. In many states dedicated Commission will send only one
postcard notice reminding the corporation of the due date. Monetary penalties
will be assessed for late-filed Annual Reports, pursuant to Article/Business
Act of that particular state in which corporation is being operated. Penalties
begin accruing the day after the due date.
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Business Documents Filing!
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