
Changes to California Business Entity Filings Effective Form
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People also ask
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When should I renew my California statement of information?
Every California and registered foreign limited liability company must file a Statement of Information with the California Secretary of State, within 90 days of registering with the California Secretary of State, and every two years thereafter during a specific 6-month filing period based on the original registration ...
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Who needs to file a statement of information in California?
The Statement of Information must be filed by companies from other states (foreign) that register to do business in California as well as California companies (domestic). Companies are required to file the Statement of Information regardless of if they've actively conducted business or not.
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What is a statement of information for a corporation?
A Statement of Information is filed to divulge your company's activities over the prior year. This information is often most important to shareholders or other parties that have an interest in your company.
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Do corporations have to file a statement of information in California?
Every corporation and limited liability company is required to file a Statement of Information either every year or every two years as applicable. The Secretary of State sends a reminder to the business entity approximately three months prior to the date its filing is due.
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What happens if you don't file a statement of information in California?
Failure to file the required Statement of Information with the Secretary of State as outlined in statute may result in penalties being assessed by the Franchise Tax Board and suspension or forfeiture.
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Does California allow corporate conversions?
A domestic (California) stock corporation (Corp) can convert to a California other business entity or foreign entity if the conversion is permitted under the laws of the jurisdiction of the foreign entity; a California limited liability company (LLC), limited partnership (LP) or general partnership (GP) can convert to ...
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How do I change my business entity in California?
In California, you can change your entity type from one to another through the process of conversion. A California LLC can convert to a California corporation, or vice versa. To do so, you need to submit the proper filings to the Secretary of State's office and pay the appropriate fee.
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How much to file a statement of information in California?
You must submit the Statement of Information whether or not your company has conducted any business. There is a $20 filing fee and a $5 disclosure fee. You may file online.
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