Who Needs To File
What type of association does not need to file an annual report? (Name at least 2)
Fictitious names, general partnerships that are not limited liability partnerships, authorities (all subtypes), name reservations, land banks, financial institutions and credit unions, name registrations, trademarks, insignias and marks used with articles and supplies.
A PIN is needed to file an Annual Report. True or False?
False.
What is the general filing fee for annual reports for for-profit entities?
$7.
What is the term used to describe the individuals responsible for managing an association?
Governors.
What's the fastest and most reliable way to ensure that a business receives notifications regarding Annual Reports?
By entering their email in the system.
Foreign associations must file annual reports if they are registered to do business in Pennsylvania. True or False?
True
Are there any financial information gathered for annual reports?
No.
Are there any exceptions to the filing fees or fee waivers?
Must all governors of an association be natural persons?
No, some associations can have entities as governors.
Are there any specific requirements for the address listed on the annual report?
Yes, it must be a street address and cannot be a P.O. box.
Which types of domestic entities are required to file annual reports? (Name at least 4)
Domestic business corporations
Domestic nonprofit corporations
Domestic limited liability companies
Domestic limited liability (general) partnerships
Domestic electing partnerships that are not limited partnerships
Domestic limited partnerships (including limited liability limited partnerships)
Domestic professional associations
Domestic business trusts
Besides the business name and registered office address, what other basic information is required on an annual report?
Name of at least one governor, names and titles of principal officers (if any), address of the principal office, and entity number.
What is the filing deadline for all other entities (not Corp or LLCs)?
December 31.
What is the difference between governors and principal officers?
Governors are responsible for managing the overall association, while principal officers are responsible for specific tasks within the association.
My company is already dissolved – does it need to file an annual report?
As long as the entity shows as “Inactive” or any variation thereof (Inactive – Dissolved, Inactive – Terminated, Inactive – Merged Out, Inactive – Withdrawn, Inactive – Cancelled, etc.), no annual report is required.
What is the deadline for filing annual reports for limited liability companies (LLCs)?
September 30.
What is the purpose of the entity number issued by the Pennsylvania Department of State?
It is a unique identifier for the association.
When must the bureau send notices?
Can a foreign association qualify as a governor?
Yes.
I filed my CARs, do I also need to file an Annual Report?
Yes.
What is the filing deadline for corporations (business and nonprofit)?
June 30.
True or False: The annual report must be signed by the entity's CEO or President.
False, annual reports must be “signed by the entity or association” (15 Pa.C.S. § 146(a)).
What are the fees to apply for online reinstatement?
Application for Reinstatement filed online $35
Additional fee for each missing annual report $15
In a member-managed LLC, what does it mean to "participate materially in the management"?
It means a member has significant influence over the company's decisions.
What is the legal effect of reinstatement for a dissolved company?
Reinstatement generally makes the company active again, but there may be exceptions regarding the use of its name and the rights of others.