Law Advocate Group, LLP 
Businesses operating in California must comply with state regulations, including the Annual Report filing requirement with the California Secretary of State. Failing to file this report on time can result in penalties, fines, and even suspension of business operations. In this blog post, we’ll discuss which entities are required to file, what information must be included, and how to stay compliant with California law.
What Is the Annual Report for the Secretary of State?
The Annual Report, also known as the Statement of Information (SI) in California, is a required filing that provides updated details about a business entity. This ensures that the Secretary of State has accurate records of companies operating in California.
Who Needs to File?
The following business entities must file a Statement of Information:
- Corporations (Domestic & Foreign) – Must file annually.
- Limited Liability Companies (LLCs) – Must file every two years.
- Limited Partnerships (LPs) and Limited Liability Partnerships (LLPs) – Must file every two years.
What Information Is Required in the Annual Report?
The Statement of Information typically includes:
- Business name and address
- Registered agent information (must have a California address)
- Names and addresses of officers, members, or partners
- Principal business activity
- Any changes to prior filings
Filing Deadlines
The due date depends on your business entity type:
- Corporations: Due within 90 days of incorporation and annually thereafter.
- LLCs, LPs, and LLPs: Due within 90 days of formation and every two years thereafter.
How to File the Annual Report in California
Businesses can file the Statement of Information in the following ways:
- Online: The California Secretary of State website allows electronic filing.
- By Mail: Paper forms can be submitted to the Secretary of State’s office.
- In-Person: Walk-in filings are accepted at designated locations.
Filing Fees
- Corporations: $25 per year
- LLCs: $20 every two years
- LPs/LLPs: $20 every two years
Consequences of Failing to File
Failing to file the Statement of Information on time can lead to:
- Late fees and penalties
- Suspension or forfeiture of your business entity
- Loss of good standing with the state, affecting business operations
Filing the Annual Report (Statement of Information) with the California Secretary of State is essential for maintaining good standing and avoiding legal issues. If you need assistance with business compliance or filing requirements, Law Advocate Group, LLP is here to help. Contact us today for expert legal guidance on corporate filings in California.
