In the state of California, Statement of Information is legally required for Corporations (inc) and Limited Liability Company’s (LLC) and Nonprofit Corporations. Most states will require a Statement of information, some states will refer the report by a different name. For example, the State of Texas is the Public Information Report (PIR).
When an entity is first registered with the state of California. The initial fillings for both Corporations and Limited Liability Companies must file their first Statement of Information within 90 days of registering entity with the state of California.
Statement of information for C- Corporations and S- Corporations are due annually. Limited Liability Companies, Limited Liability Partnerships and Nonprofit Corporations fillings are due every two years. If your business information changes before your regular filling date an updated Statement of Information is due immediately.
Why is Statement of information important to file on time? The state of California can apply a late fee penalty and possible fines. State may also issue a Suspension or forfeit the entity status.
f you have any questions or need help please reach out. We are here to take care of our clients.
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