Kentucky Businesses Face Annual Report Filing Deadline, New Service Available
Businesses based in Kentucky, both foreign and domestic, are facing an upcoming deadline to file their annual reports with the Office of the Secretary of State. Secretary of State Trey Grayson is reminding all corporations, limited liability companies (LLCs), and professional services corporations (PSCs) that are registered with the state, that they are required to file an annual report by June 30 of each year; failure to do so will result in the company being listed as in bad standing with the office and could ultimately lead to the entity being administratively dissolved or being revoked of their authority to do business in Kentucky. Because June 30th falls on a Saturday, companies have until Monday July 2, 2007 to file their annual reports.
The Office of the Secretary of State is encouraging business entities to save time and file online, by utilizing the annual report online filing service on the office’s Web site at: sos.ky.gov/annualreports. Nearly one third of annual reports are filed online with the number of online filings growing every year.
“The easiest way for all businesses to file their annual report is to do so electronically on our Web site,” stated Sec. Grayson. “In a matter of minutes, you can view your information, make any necessary changes, and file your report. There is no waiting or turnaround time. Just log in, and in a matter of minutes, you are finished.”
Sec. Grayson also announced the latest new online service with regards to annual reports. For the first time, annual reports can be amended. The office has made that option available either offline or via the Web.
During Grayson’s tenure, he has announced several new online services for annual reports. Forms are now pre-populated to include generated information from the company’s previous filing, saving the company the redundancy of entering information every year. In addition, these forms may be accessed at the beginning of the new year. Previously, businesses had to wait until they received a mailed form from the Office of the Secretary of State.
For more information about annual reports or other business filings, visit sos.ky.gov, or call (502) 564-2848.