Everything You Need to Know to File a Statement of Information in California
If you’re running a business in California as an LLC, corporation, or LP, you’re required to file a Statement of Information (SOI) with the California Secretary of State. The SOI provides the state with the necessary information about your company, such as the business address, registered agent, and officers. In this article, we’ll take a closer look at everything you need to know to file a Statement of Information in California.
What is a Statement of Information?
A Statement of Information is a legal document that LLCs, corporations, and LPs must file with the California Secretary of State. This document contains essential business information that must be available on public records, including the street address, mailing address, officer and director names and addresses, and the name and address of the registered agent of the business. The SOI must be filed within 90 days of the formation of the business, and every year after that.
When to File a Statement of Information?
In California, all businesses must file a Statement of Information every year, starting from the end of the month when they first registered with the Secretary of State. The first SOI is due within 90 days of the business’s formation. You can find the exact due date of your Statement of Information by searching for your company on the California Secretary of State’s website.
What Happens If You Don’t File an SOI?
Failing to file a Statement of Information on time could result in the company being suspended or dissolved by the California Secretary of State. A suspended business cannot legally conduct business in the state, while a dissolved company no longer exists. So, it’s imperative to keep your company in good standing by filing your Statement of Information on time.
How to File a Statement of Information?
Filing a Statement of Information in California is a straightforward process. You could file either online, in-person, or by mail. The California Secretary of State’s website has a straightforward online filing system that makes the process smooth and easy. However, if you’re uncomfortable filing online, you could also file in-person or by mail. The Secretary of State provides options for businesses to file online, in-person at their Sacramento office, or through postal mail.
Key Takeaways
In conclusion, filing a Statement of Information in California is a necessary legal obligation necessary to maintain the status of your business in the state. Failure to file on time could lead to suspension or dissolution of the company. It’s critical to file the SOI timely every year and ensure that your business’s information is up to date with the California Secretary of State.
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