Did You Know?

Annual Reports are Coming to Pennsylvania

The state recently enacted legislation (House Bill 2057) requiring business entities to file annual reports with the Pennsylvania Department of State beginning in 2025. This new annual report requirement replaces the current (and confusing) requirement to file decennial reports during years ending with the numerical “1” (e.g. 2001, 2011, 2021).

Annual reports will be due before July 1 for domestic and foreign corporations and non-profit corporations, before October 1 for domestic and foreign limited liability companies (LLCs), and on or before December 31 for any other form of domestic or foreign association.

The legislation requires the Pennsylvania Department of State to deliver an annual report notice to each entity at least two months before its annual report is due. If an entity fails to file an annual report, it will be subject to administrative dissolution.

For more key information regarding this bill and other recent legislation, please visit our new legislative blog page here: https://bit.ly/3WErjQY