To do business in California, your corporation or limited liability company (LLC) must file its initial Statement of Information within 90 days of completing your Articles of Incorporation.
The Statement of Information shows information about the:
The statement includes several optional sections. These optional sections include space for listing the business’s registered agent, your company’s stock or membership interests, and your organization’s fiscal year-end. You can choose to provide additional information about your business by filling out these sections.
The California Statement of Information serves as your first annual report. Periodic filings after the first report update the state with new information about your business that has occurred since the previous filing, such as changes in the entity’s name or address or changes in the names or addresses of its officers, directors, or partners.
You must file the Statement of Information every 2 years for your corporations or limited partnership. You must file every year for a limited liability company.
Some states call the Statement of Information an annual or biennial report.
You can file your California Statement of Information:
There is a fee for filing the document, which varies depending on the type of business entity.
If the Statement of Information has been filed, it can be found on this website.
It’s important to note that a California Statement of Information is not the same as the Articles of Incorporation or Organization. You must file the Articles of Incorporation when you form a corporation or limited liability company. The Articles of Incorporation or Articles of Organization are the initial documents that create the entity. At the same time, the statement of information regularly provides updated information about the business to the state government.
Failure to file the California Statement of Information on time can result in penalties and fines. In some cases, a failure to file the document can lead to the state dissolving your company. So, submitting your California Statement of Information is essential to remain in good standing.
In summary, the California Statement of Information is a document required by the California Secretary of State for certain types of business entities. If you have a corporation, you must file every 2 years. If you have an LP or an LLC, you must file annually. This document includes basic information about the entity and its officers, directors, or partners and any changes that have occurred since the last filing.
Failing to file the Statement of Information on time can result in penalties and fines. In some cases, the entity may be dissolved by the state.