For the second year in a row, Kentucky businesses appear to be ready to break the Secretary of State’s records for annual report filings. More than 152,000 entities have completed the annual report requirement, more than the total on this date last year, which was a record.
“Kentucky businesses had a record-breaking filing year in 2016 and are poised to shatter all of our records again,” said Grimes, Kentucky’s chief business official. “Already more than ever have filed at this point in the filing season and – breaking another record – more than three-quarters have chosen to file online.”
Grimes is reminding businesses in Kentucky that they must file an annual report with her office and pay a $15 filing fee no later than June 30. The filing requirement applies to the all of the business entities authorized to do business in Kentucky – more than 200,000. All businesses were sent reminders through U.S. mail or email.
Businesses that are already registered can immediately obtain pre-populated 2017 annual reports by visiting the Secretary of State’s website, sos.ky.gov.
“I’m excited that more Kentucky business are realizing the benefits of filing online – it takes about two minutes and saves resources in our report processing,” said Grimes. Entities may also file and pay in person or via U.S. mail.
Businesses that have not provided email addresses to the office are encouraged to do so, Grimes said. In addition to reminders of important deadlines, the Secretary of State’s office will email notifications of any changes or filings made for your business, which may help detect attempted business identity theft. For more resources to protect your business from identity theft, visit BusinessIDTheft.org.
If a business fails to file its annual report by June 30, it falls into bad standing with the office and receives a final 60-day notice. Failure to comply with the 60-day notice results in administrative dissolution of the business or revocation of authority to do business in Kentucky.
