Kentucky business entities now have access to their annual reports, marking the earliest date the reports have been available in the commonwealth’s history. Business entities registered in the commonwealth of Kentucky may obtain their 2007 annual reports immediately by visiting the Kentucky Secretary of State’s Web site.
All Corporations, Limited Liability Companies (LLCs) and Professional Service Corporations (PSCs) registered with the state are required to file an annual report by June 30 of each year. Failure to file the annual report will result in the company being listed in bad standing with the office and could lead to administrative dissolution or revocation of authority to do business in Kentucky.
Prior to 2004, annual reports were typically available in March. Since that time, the Office of the Secretary of State has worked to increase the availability of the reports through its Web site, as well as earlier mailings to all business entities.
Secretary of State Trey Grayson also urged business entities to “save time and file online” by making use of the online annual filings at www.sos.ky.gov/annualreports.
“The easiest way for all businesses to file their annual report is to do so electronically on our Web site,” Grayson stated. “In a matter of minutes, you may view your report, make any necessary changes and file it. There is no waiting or turnaround time.”
The report includes generated information for the company from its previous filing, saving the company the redundancy of entering the same information every year. One of the latest features of the online filing system is the option to save the report for completion at a later time. Also, there is no longer a limit on how many officers, directors or shareholders that may be entered.
“It is important that we provide businesses in Kentucky great flexibility and accessibility to their government,” stated Sec. Grayson. “The continued improvement of the annual reports branch of our office not only benefits Kentucky businesses, but the greater efficiencies honor the commitment I made to Kentucky taxpayers to be a good steward of their tax dollars.”
The Office of the Secretary of State is entrusted with filing, maintaining and preserving the important documents and records of the commonwealth and its people. Access to documents not found online is available at the State Capitol Building in Frankfort, KY. To access all of the Office of the Secretary of State’s online services, visit www.sos.ky.gov/online.