Annual Report Filing Requirement in Pennsylvania: What You Need to Know for 2024
As of 2024, Pennsylvania has introduced a new annual report filing requirement for most business entities. This is a significant change aimed at maintaining up-to-date records with the Pennsylvania Department of State. If you operate a business in the state, understanding and complying with these requirements is crucial to avoid potential administrative penalties.
What Does the New Requirement Mean for Your Business?
Under the new regulation, all eligible businesses must file an annual report to maintain their active status. Failure to comply could result in administrative dissolution or termination of your business registration, which can disrupt operations and require additional effort to reinstate your business.
Key Details to Keep in Mind
Here are the critical components of the new annual report filing requirement:
- Filing Fee: The filing fee is $7 for most entities, but it is waived for nonprofits.
- Deadlines: Each business type has a specific filing window:
- Corporations: File between January 1 and June 30.
- LLCs: File between January 1 and September 30.
- All Other Entities: File between January 1 and December 31.
