What is an “annual report”?
Every business entity filed on a state level with the Secretaries of State of each state is required to file an “annual report” in order to remain active and in good standing. Failure to file such an annual report may result in penalties or revocation of the corporate or business charter. While the time of filing of a company’s annual report may vary with the state in which it is filed, it is a requirement to remain in business. Continue reading “What is an “annual report”?”