(Frankfort, KY) Businesses based in Kentucky, both foreign and domestic, are facing an upcoming deadline to file their annual reports with the Office of the Secretary of State.  Secretary of State Trey Grayson is reminding all Corporations, Limited Liability Companies (LLCs), Professional Services Corporations (PSCs), Partnerships, Limited Liability Partnerships, and Business Trusts that are registered with the state, that they are required to file an annual report by June 30 of each year; failure to do so will result in the company being listed as in bad standing with the office and could ultimately lead to the entity being administratively dissolved or being revoked of its authority to do business in Kentucky.   This is the first year that Partnerships, Limited Liability Partnerships, and Business Trusts have been required to file annual reports.

The Office of the Secretary of State is encouraging business entities to “save time and file online,” by utilizing the annual report online filing service on the office’s website at: www.sos.ky.gov/annualreports.  Nearly one third of annual reports are filed online with the number of online filings growing every year.

“The easiest way for all businesses to file their annual report is to do so electronically on our website,” stated Secretary Grayson.  “In a matter of minutes, you can view your information, make any necessary changes, and file your report.  There is no waiting or turnaround time.  Just log in, and in a matter of minutes, you are finished.”

During Grayson’s tenure, he has announced several new online services for annual reports.  Last year, the Office announced that annual reports can be amended for the first time.  In addition, forms are now pre-populated to include generated information from the company’s previous filing, saving the company the redundancy of entering information every year.  Finally, these forms can be accessed at the beginning of the new year.  Previously, businesses had to wait until they received a mailed form from the Office of the Secretary of State.

For more information about annual reports or other business filings, visit www.sos.ky.gov, or call (502) 564-2848.

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