Business Basics: Initial and Annual Reports/Statements of Information

Welcome to our weekly Business Basics post! In case you missed last week’s entry to the series, we are dedicating every Tuesday to helping explain the facets and aspects of starting and running a business that typically get overlooked.

Initial and annual reports (also known in some states as Statements of Information), while not particularly glamorous, keep your business in good standing. Plus if you misfile them, or file them late, your corporation or LLC could be slammed with fees, or even dissolution. Two things that you clearly want to avoid. But what are these reports, and what are they supposed to say?
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Maintaining a Corporation or LLC

Starting a new business can be confusing – many people do not know what to do to maintain a corporation.  While it’s not complicated, when you don’t know what do to, corporate maintenance can seem like a daunting task.

Once your corporation or limited liability company has been formed, MyCorporation can help you manage the future of your new entity with MaintainMyBiz. With this corporate maintenance package, you select the filings you need for your business and we file them whenever you’re ready. With 18 products and services to choose from, you can customize your package to meet your business needs.

What’s Included? You can select up to 4 filings every 12 months from the following list of 18 products and services: Continue reading