Secretary of State Alison Lundergan Grimes, Kentucky’s Chief Business Official, is reminding entities authorized to transact business in Kentucky that they must file an annual report with the Secretary of State’s office and pay a $15 filing fee no later than July 1, 2014.
Entities 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 entities 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,” said Grimes. “In a matter of minutes, you can view your report, make any necessary changes, and file it.” Entities may also file and pay in person or via U.S. 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 entities will be sent reminders via U.S. Mail.
Close to 1,000 entities 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.