Pennsylvania has updated their annual reporting requirement from every ten years to annually starting from January 3, 2024. Entities need to file an Annual Report within one year from this date.
Entities Covered by the Reporting Requirement
The new annual reporting applies to various entities, including domestic business corporations, nonprofit corporations, limited liability companies, limited partnerships, limited liability partnerships, and more.
Details of the Annual Report
- Fee: $7 per filing, unless the entity is a nonprofit.
- Required Information: Name and jurisdiction of formation, registered office address, names of principal officers, and more.
The purpose is to capture address and management changes more frequently to enhance transparency for the public and state.
Pennsylvania requires an annual report for various entities including corporations, nonprofits, LLCs, LPs, LLPs, and more. Reports should include specific information and a filing fee of $7 per year.
First annual reports are due in 2025 to facilitate the transition. Update any discrepancies between the annual report information and state records to keep the entity active.
All domestic and foreign corporations, nonprofits, LLCs, LPs, LLPs, business trusts, and insignias must file every 10 years. The report should be filed if no other filings were submitted in the past 10 years, providing certain details and a fee of $70.
The Pennsylvania decennial report serves the purpose of confirming the entity’s existence and identifying unused names and marks. Address and management updates are required similarly to annual reports in other states.