Initial Reports
for LLCs and Corporations
Numerous states mandate that Corporations and Limited Liability Companies (LLCs) submit an initial report, also known as a “Statement of Information,” following the formation of their business entities. This requirement is in place to ensure that states stay informed about a company’s essential details and maintain up-to-date records.
Initial reports serve as the precursor to the annual report filings that businesses are obligated to fulfill as part of their continuous compliance responsibilities. These reports need to be submitted to the Secretary of State office or a comparable agency in the respective state.
While anyone is allowed to submit a business’s initial report on its behalf, typically, at least one LLC member or a director/officer of a corporation must sign the form.
States That Require an Initial Report
- Alaska
- California (Statement of Information)
- Connecticut (Corporations only)
- Georgia (Corporations only)
- Missouri (Corporations only)
- New Mexico (Corporations only)
Request to file Initial Report
Information Required
- Business Name
- Business Address
- Type of Business activity the company will conduct
- LLC members' and managers' names and addresses
- The corporation's directors' and officers' names and addresses
- Registered agent's name and address
Fee Schedule
In the majority of states mandating an initial statement of information, businesses are typically required to pay a nominal filing fee upon submission of their form. Notably, Nevada and Washington incorporate this cost into their business registration fees.
CorXec efficiently manages initial report filings for businesses at a minimal charge, alleviating entrepreneurs of one less concern as they embark on launching their companies.*
Deadline for Filing
Upon registering their LLC or C Corporation, companies are obligated to promptly file their initial reports. The deadlines for these reports differ by state, with the majority requiring submission within 90 days of registration.
Failing to file the initial report on time can lead to penalties, late fees, or, in severe cases, the suspension or involuntary dissolution of the entity. Hence, it is crucial for entrepreneurs to diligently review their state’s requirements and ensure timely submission of the initial report!
How to File
Initiating the filing of an initial report is a pivotal measure in maintaining your business’s compliance and good standing with the state. Although most states offer online forms for this purpose, it’s essential to note that even though the paperwork for Corporation and LLC initial reports is generally straightforward, errors could lead to processing delays and additional expenses.
Fortunately, CorXec is at your service to ensure such issues don’t impact your business. Our filing experts can adeptly prepare and submit your initial statement of information, ensuring accuracy and timely submission to set your company on the right path from the outset.
Processing Time
Our standard processing timeframe typically spans 2 – 4 weeks. In cases where you’re approaching your initial report deadline, we offer expedited filing services (1 – 2 weeks) for an additional fee.
How CorXec can help
CorXec brings vast experience and proficiency in collaborating with businesses across diverse sizes and industries throughout the entire United States. Notably, our order forms and product pages transparently present all CorXec fees, alongside those paid to state agencies for your filings. We uphold a commitment to not markup state fees for profit.
Confidence in our services is assured with our 100% satisfaction guarantee. Trust CorXec to simplify the process for you, allowing you to concentrate on your core strengths – building your business!
Why Choose CorXec?
- Fast Reliable & Hassle-Free Experience
- Founded by an entrepreneur who pioneered many startups successfully.
- Upfront Pricing, No hidden charges, No Surprises
- Our promise of 100% Satisfaction Guarantee
