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Export date: Sat Nov 17 12:27:07 2018 / +0000 GMT

What is a Statement of Information (California)?


California, and many other states, require an annual or biannual report filing detailing the names and addresses of the directors 1 and officers 2 (or managers in the case of an LLC 3). It's part of the social contract entities have with the public – liability protection in return for transparency. Not filing can lead eventually to suspension of the corporate or LLC charter, thereby exposing the entity's owners to personal liability. In California, the first one is due within 90 days of filing the Articles of Incorporation 4 or Articles of Organization 5.
Excerpt: California, and many other states, require an annual or biannual report filing detailing the names and addresses of the directors and officers (or managers in the case of an LLC). It’s part of the social contract entities have with the public – liability protection in return for transparency. Not filing can lead eventually to suspension of the corporate or LLC charter, thereby exposing the entity’s owners to personal liability. In California, the first one is due within 90 days of filing the Articles of Incorporation or Articles of Organization.
Links:
  1. http://readysetincorporate.com/faq-items/what-are- directors/
  2. http://readysetincorporate.com/faq-items/what-are- officers/
  3. http://readysetincorporate.com/faq-items/what-is-a n-llc/
  4. http://readysetincorporate.com/faq-items/what-are- articles-of-incorporation/
  5. http://readysetincorporate.com/faq-items/what-are- articles-of-organization/
Post date: 2015-07-19 13:51:48
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Export date: Sat Nov 17 12:27:07 2018 / +0000 GMT
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