What You Need to Know About Filing an LLC 12 Statement of Information
Introduction
Starting a business can be both challenging and rewarding. One of the most important decisions you will make during this journey is deciding on your business structure. If you decide that forming a limited liability company (LLC) is the right choice for you, it’s crucial to know that there are specific documents that you need to file with the state to keep your business compliant. One of these documents is the LLC 12 Statement of Information. In this article, we’ll discuss what the LLC 12 statement is, why it’s essential, and how to file it.
What is the LLC 12 Statement of Information?
The LLC 12 Statement of Information is a document that LLCs in California are required to file with the Secretary of State. This document provides essential information about your business, such as your company name and address, the names and addresses of the members or managers, and the type of business your LLC engages in.
Why is the LLC 12 Statement of Information Important?
Filing the LLC 12 Statement of Information is not only a legal requirement, but it also ensures that your LLC remains compliant with state regulations. Failure to file this document can result in penalties and even the suspension of your business. It’s also important because it allows the public to search for your business information on the Secretary of State’s website, making it easier for potential customers, investors, and suppliers to find you.
When Should You File the LLC 12 Statement of Information?
LLCs must file the LLC 12 Statement of Information upon forming their business. After that, it needs to be filed annually on the anniversary of the LLC’s formation date. Suppose there are any changes to your LLC’s information, such as a change in the registered agent’s address or a new member added to the business. In that case, you are required to file an updated LLC 12 Statement of Information within 90 days of the change.
How to File the LLC 12 Statement of Information
Filing the LLC 12 Statement of Information is a straightforward process. You can file online through California’s Secretary of State website or mail in a paper copy. The current filing fee is $30. To ensure that your LLC remains compliant, it’s recommended to add a reminder to your calendar to file the form annually.
Conclusion
Filing the LLC 12 Statement of Information is a crucial step in keeping your business compliant and accessible to the public. Knowing what information you need to include and how to file the document can save you time, money, and legal troubles down the line. Remember, annual filings must be submitted on time to avoid any penalties, so be sure to mark your calendars. With this article, you should now have a better understanding of why the LLC 12 Statement of Information is essential and the steps required to stay compliant.
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