Overview of Biennial Statements
The New York biennial statement is a report filed every two years by all insurance companies authorized in New York. It includes financial and capital information. Cardholders must pay credit card balances in full within 30 days of receiving the statement, otherwise interest charges apply. LLCs pay $20 for online filing of the California statement of information, and $30 for mailed paper forms. New York corporations and LLCs file a biennial statement to maintain their business entity status, with a filing fee of $9.
Filing Requirements and Fees
Some LLCs don’t file tax returns. Filing requirements for inactive LLCs with no income depend on how the LLC is taxed. The New York assumed name doesn’t expire, it continues indefinitely. Both single and multi-member New York LLCs pay fees ranging from $25 to $4,500 annually, depending on income. LLCs complete New York biennial statements every two years to update business information, with a $9 fee when filed online.
Important Details and Procedures
Six states and Washington D.C. specify biennial statements to update business information every two years, with most states requiring similar documents. Failing to file the statement on time can limit transactions, so it’s essential to file online through New York’s e-filing system. The state charges all businesses a $9 online filing fee for biennial statements and doesn’t provide faster filing options. Request New York biennial amendments by contacting the statement unit via email, fax, or mail, including the exact business name and date formed.