Why should one file a Biennial Statement

Biennial Statement

A corporation or LLC that fails to file its Biennial Statement, annual report or statement of information with the state will be reflected in the Department’s records as past due, delinquent or admin dissolved. Any Certificate under Seal, status or good standing letter obtained from the Department of State will reflect that the corporation or LLC is past due in the filing of its Biennial Statement, annual report or statement of information and is not in good standing. This may prevent the corporation or LLC from completing certain business transactions.

In many states, after the filing of the First Report by a profit corporation, the Biennial Profit Corporate Report will be filed on or before the fifteenth day of the third month following the end of its financial/taxable year-end, which may be a fiscal year-end or a calendar year-end.