Business-Entity-SelectionAfter the initial Statement of Information is filed within 90 days of forming the entity, a corporation (‘Inc.”) in California must file a Statement of Information form EVERY year Corps.C. § 1502(a)).  A limited liability corporation (“LLC”) files EVERY OTHER YEAR (Corps. C. § 17702.09(a)).  See subsequent filing schedule from Secretary of State’s Office.

  • Failure to file the required Statement of Information with the Secretary of State will result in penalties being assessed by the Franchise Tax Board and suspension or forfeiture.  File the form, pay the $20, otherwise, the penalty is $250!

http://www.sos.ca.gov/business-programs/business-entities/statements/