Secretary of State
More Than 91 Percent of Entities Filed Annual Reports with Secretary of State's Office
According to Secretary of State Alison Lundergan Grimes, of the nearly 192,000 entities that were required to file annual reports with her office this year, more than 91 percent fulfilled the requirement.
“Approximately 6,000 more entities timely filed this year compared with 2011,” said Grimes, Kentucky’s Chief Business Official. “And I am pleased that more than 63 percent of the filings were completed online, saving businesses and the state both time and money.”
Pursuant to Kentucky law, 17,025 entities that were required to but did not file an annual report by September 10, 2012, were administratively dissolved or had their certificates of authority revoked.
Annual reports contain information such as principal place of business, officers, and service of process address. They do not contain any financial information. “Annual reports are important because they help ensure the public has accurate information about businesses operating in the state, which creates more efficient and confident relationships,” said Grimes.
Conducting business in Kentucky after administrative dissolution or revocation of the certificate of authority may result in civil penalties. Entities that were administratively dissolved or had their certificates of authority revoked should visit www.sos.ky.gov for information about being reinstated or qualifying to do business in the Commonwealth.