Lexington, KY - Though businesses in Kentucky aren’t required to file their annual reports until July, 1, a release from Secretary of State Alison Lundergan Grimes’s office states businesses that are already registered can immediately obtain pre-populated 2014 annual reports by visiting the Secretary of State’s website. The online reports include information generated from the entities’ previous filings, eliminating the need to enter the same information every year.
Grimes encourages organizations to file their reports online. “In 2013, more than 67 percent of annual report filings were completed online, saving both businesses and the state time and money,” Grimes stated in the release. “In a matter of minutes, you can view your report, make any necessary changes, and file it.” Organizations may also file and pay the $15 fee in person or through the mail.
The filing requirement applies to the more than 200,000 corporations, limited liability companies, partnerships, limited liability partnerships, business trusts and professional service corporations registered in the Commonwealth. Email reminders are being sent to the approximately 90,000 entities that provided email addresses in previous years, and all will be sent reminders via U.S. Mail.
Close to 1,000 have already fulfilled the requirement for 2014. Entities that fail to file their annual reports by July 1 will be listed in bad standing with the office and receive a final 60-day notice. Failure to comply with the 60-day notice results in administrative dissolution of the business entity or revocation of authority to do business in Kentucky.