Secretary of State
Tens of Thousands of Companies Face Dissolution if Annual Report is Not Filed by Upcoming Deadline
(Frankfort, KY) Companies doing business 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), Professional Services Corporations (PSCs), Partnerships, Limited Liability Partnerships (LLPs), and Business Trusts that are registered with the state and that failed to file an annual report by June 30 of this year, that they are in bad standing and must file their annual report by October 31, 2010. Failure to do so will result in the entity being administratively dissolved or being revoked of its authority to do business in Kentucky.
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 website at: www.sos.ky.gov/annualreports. Businesses have until 11:59 p.m. ET on October 31, 2010 to file online.
“The easiest way for all businesses to file their annual report is to do so electronically on our website,” stated Secretary 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 few short moments, you are finished.” Grayson also noted that by filing online, companies reduce the processing time in the office and can help save taxpayer dollars.
Secretary Grayson reminded citizens of a new service that allows annual reports to be amended. The Office has made that option available either offline or via the web.
During Grayson’s tenure, he has announced several other 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 and dramatically reducing error rates saving the office and the company both time and money. Other new online services include the option to amend a report online, save the report for completion at a later time, and the non-limited number of officers, directors, or shareholders that can be entered. Also, these forms can 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.
“It is important that we provide businesses in Kentucky great flexibility and accessibility to their government,” stated Secretary of State Trey Grayson. “The continued improvement of the annual reports branch of our office not only benefits Kentucky businesses, but the greater efficiencies honor the commitment to Kentucky taxpayers to be good stewards 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 her people. Access to documents not found online is available at the State Capitol Building in Frankfort, KY. For more information about annual reports or other business filings, visit www.sos.ky.gov or call (502) 564-3490.
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