California Statement of Information Filing Guide: What You Need
Avoiding fines in California with your Statement of Information
Every business registered in California must file a Statement of Information. Think of it as your business's regular check-in with the state to confirm your important company details are up to date. Let's break down who needs to file and when.
Quick Summary
- All entities registered in California must file this report.
- The purpose is to confirm your important company details are up to date.
- Corporations file annually; LLCs file biennially (Every 2 years).
Who Needs to File?
- Corporations (Form SI-200)
- LLCs (Form LLC-12)
- Limited Partnerships and Limited Liability Partnerships (Form LP-2)
When Do You Need to File?
For Corporations
- Initial filing: Within 90 days of registering
- Regular filing: Every year during your filing month
- Filing month: Based on when you registered your corporation
For LLCs
- Initial filing: Within 90 days of registering
- Regular filing: Every 2 years
- Filing month: Based on when you registered your LLC
Filing Deadlines Quick Guide
Corporation
- Initial Filing: Within 90 days of registration
- Regular Filing: During registration month
- Frequency: Annually
LLC
- Initial Filing: Within 90 days of registration
- Regular Filing: During registration month
- Frequency: Biennially (Every 2 years)
What Happens If You Don't File?
You will face penalties and risk losing your business's good standing if you fail to file the Statement of Information on time. Non-compliance can lead to fines, administrative dissolution, and the loss of your business's legal operating rights in California. Avoid these serious risks by tracking your deadlines carefully.
Key Takeaway: Failure to file on time can result in penalties and the loss of your business's legal good standing.
How to Stay Compliant
The easiest way to ensure you never miss a filing is to use Palm's business compliance platform. Palm will handle your compliance tasks:
- Track your filing deadlines automatically
- Send reminders before due dates
- Help prepare your filing information
- Submit your Statement of Information electronically
- Store your filing history for future reference
Key Takeaway: Using Palm automates deadline tracking and document submission, ensuring you never miss a deadline.
What Information You'll Need to File
To complete the filing, you will need to provide the state with current information on the following:
- Business name and entity number
- Business addresses
- Officer/member information
- Registered agent information
- Type of business
- CEO information (for corporations)
Remember, keeping your Statement of Information current isn't just about avoiding penalties - it's about maintaining your business's good standing and protecting your rights as a business owner in California.
Need help staying on top of your filings? Contact Palm to automate your compliance requirements and never miss a deadline.