Filing Articles of Incorporation with the State of California means that your business entity has been officially formed. Congratulations! But there is still administrative work to be done, and that starts with filing a Statement of Information. Show
The initial formation of your business entity requires you to provide the state some basic information about your company. However, you may not have all of the information that the state needs upon formation. That’s what a Statement of Information is for. California requires domestic and foreign for-profit corporations, non-profit corporations, professional corporations, and limited liability companies (LLCs) to file an initial Statement of Information to record this new information once it has been decided. California is one of a few states that require this type of documentation. It’s important to submit your California Statement of Information to remain in good standing and avoid penalties. California Statement of Information RequirementsYou have 90 days from the date of submitting your Articles of Incorporation to hold your first board meeting, make all necessary decisions, and file your California Statement of Information with the Secretary of State. How to File Your California Statement of InformationWhen filing your Statement of Information, there are four different submission options to choose from:
Filing online allows you to pay required fees at the time of submission. Online submissions will have processing priority over mail-in or drop-off submissions. There is a fee for filing your Statement of Information. Late fees also apply if you don’t file on time, and these penalties vary depending on your type of business entity. What information is required for the Statement of Information?The California Statement of Information expands on existing information about the company that was provided in the Articles of Incorporation. Many of these facts about the business entity may have been unknown at the time of formation or have changed due to decisions made by the board of directors, shareholders, or members (depending on your business entity type) at the initial meeting. California requires different filings for each entity type. CorporationsCalifornia law requires your Statement of Information to include:
Professional corporations and nonprofit corporations have slightly different filing requirements but require similar information. Limited Liability CompaniesCalifornia LLCs must also file a Statement of Information. Required information includes:
Annual and Biennial ReportsYour California initial Statement of Information essentially serves as your first annual report. This same report is required on a regular basis to update the state record of your corporation with any changes to the business. Reports must be filed yearly in California for stock, cooperative, credit union, and foreign corporations. California Statement of Information reports are filed biennially (every two years) for domestic nonprofit corporations and limited liability companies. Submitting Your California Statement of InformationLife gets busy when you’re running a business, but deadlines are not negotiable. Forgetting to file or incorrectly filing could cost you hundreds of dollars in penalties and additional stress that you would probably rather not endure. At ZenBusiness, we can help make filing annual or biennial reports easy through use of our automated technology and expert staff. You can also use our Worry-Free Compliance service to help you stay compliant and track your documents for future filings and reports. Filing Your California Statement of Information FAQs
How do I file my statement of Information?The completed form along with the applicable fees can be mailed to Secretary of State, Statement of Information Unit, P.O. Box 944230, Sacramento, CA 94244-2300 or delivered in person (drop off) to the Sacramento office, 1500 11th Street, Sacramento, CA 95814.
How much does it cost to file statement of Information California?You must submit the Statement of Information whether or not your company has conducted any business. There is a $20 filing fee and a $5 disclosure fee. You may file online.
Do you have to file a statement of Information in California?Failure to file the required Statement of Information with the Secretary of State as outlined in statute may result in penalties being assessed by the Franchise Tax Board and suspension or forfeiture.
How often does a statement of Information need to be filed in California?A Statement of Information must be filed either every year for California stock, cooperative, credit union, and all qualified out-of-state corporations or every two years (only in odd years or only in even years based on year of initial registration) for California nonprofit corporations and all California and ...
|