FAQ | Business Law

What is the Statement of Information in California?

If you have a corporation or a limited liability company (LLC), you have to file the Statement of Information with Secretary of State. The Statement of Information is public records. It basically informs the public as to who are the officers, board members, agent for process and the address of the entity.

How do you know when the time is to file the Statement of Information?

Before its due date you will receive a small postcard from Secretary of State of California with instructions on how to file this report. You also have to file Statement of Information if there are changes to board members and officers of the entities.

What are the penalties if we do not file such reports?

If you fail to file on time, there is a $250 late filing penalty that is assessed by the Franchise Tax Board.

How often does Statement of Information need to be filed?

If you have a corporation, the Statement of Information is due every year. If you have an LLC, the Statement of Information is due every other year.

How much are the fees associated with this filing?

The filing fee is $25 for Corporations. The filing fee is $20 for Limited Liability Companies. There are no fees for submitting a Statement of Information to update the entity record in between filing periods.

What website can be used to do these filings?

For Corporations, you can file it at https://businessfilings.sos.ca.gov/. If nothing has changed from prior year, all you must do is mark that box and move to the next step. If anything has changed, you must complete the entire form, not just the item that changed. For Limited Liability Companies, you can file it at https://llcbizfile.sos.ca.gov/SI. If nothing has changed from prior year, all you must do is mark that box and move to the next step. If anything has changed, you must complete the entire form, not just the item that changed.