The city of Redding, located in Northern California, offers an advantageous location for starting a business. Its proximity to Sacramento and San Francisco opens up a variety of opportunities for the enterprising business owner. Redding, CA has also experienced steady economic growth, with a diversified economy comprising healthcare, manufacturing, retail, tourism, and technology sectors. The city fosters a business-friendly environment, providing resources, programs, and support for startups and small businesses.
Running a business in Redding, CA requires you to keep track of certain filing requirements that all enterprises in this state must comply with. This includes the requirement to file a Statement of Information according to schedule, as determined by the state of California.
Not sure how to file your CA Statement of Information? Not a problem—FastFilings can lead you through the process. Our online platform offers the easiest way to fulfill your business filing obligations.
What’s in a California Statement of Information?
A Statement of Information is a brief document that certain business entities are required to file with the California Secretary of State. The purpose of this statement is to provide updated information about the company’s officers, directors, and registered agent, as well as other relevant details about the business.
A CA Statement of Information includes various data pertaining to the business, including:
- Registered Name – The legal name of the business.
- Secretary of State File Number – This is either a 7-digit number (for corporations) or a 12-digit number (for LLCs).
- Business Address – The street address of the business.
- Mailing Address – The mailing address of the business (if different from the street address).
- Chief Executive Officer – The name/address of the CEO.
- Managers, Members, or Officers– Names/addresses of persons holding these positions within the company.
- Director (only for Stock and Agricultural Cooperative Corporations) – Name/address of the director(s) of the business.
- California Agent for Service of Process – The name/address of the agent responsible for receiving legal documents sent to the business.
- Description of the Business – A one-sentence summary of the types of goods or services provided by the business.
Note that the categories of data an organization is expected to include depend on its business structure as registered with the state of California. That’s why there are several types of Statement of Information forms: SI-550 is for corporations, LLC-12 is for limited liability companies, and SI-100 is for nonprofits, credit unions, and general cooperative corporations. Be sure to select the correct form for your CA Statement of Information filing.
When Should You File a Statement of Information?
Once a business has officially registered with the California Secretary of State, the first Statement of Information is always due within 90 days. After this, businesses must send in a new Statement on an annual or biennial (every two years) basis, as follows:
- Annual – Corporations (including stock, agricultural cooperative, and registered foreign corporations)
- Biennial – LLCs, nonprofits, and credit unions
All California businesses must comply with a filing schedule that is based on the calendar month in which it was registered with the state of California. Businesses have a six-month window to file their CA Statement of Information. This window ends on the last day of the month in which the business was registered, and extends backward to include the previous five months. The business filing window will always commence on the first day of a month and conclude on the last day of the sixth month.
Therefore, if your Redding, CA business was registered on June 22, its filing window will always be from January 1 through June 30 of each year in which the Statement is due.
Who Is Required to File a Statement of Information?
A CA Statement of Information is required of the following types of organizations:
- Corporations (including general cooperative corporations)
- Limited liability companies (LLCs)
- Nonprofit organizations (including credit unions)
- Agricultural cooperatives
- Registered foreign corporations and LLCs
What If You Don’t File?
In the state of California, businesses that fail to file their Statement of Information on time face various penalties. If the Statement of Information is not filed by the deadline (as determined by the schedule outlined above), the State will send a notice of delinquency that gives the tardy organization another 60 days to send it in. If the Statement has not been filed after this extension period has passed, the Franchise Tax Board may impose a fine.
Non-compliance can also lead to the loss of good standing status, depriving the business of important legal protections and benefits in California. Repeated failure to file can result in administrative dissolution or revocation proceedings initiated by the California Secretary of State’s office, effectively terminating the business entity.
The Easy Way to File Your Statement of Information
Ready for your CA Statement of Information filing? You always have the option of filing it directly with the Secretary of State, but FastFilings has a simpler method that businesses in Redding, CA can use instead. With our streamlined digital filing system, it takes only a few minutes to get the process started, and we’ll do most of the legwork for you.
We’re more than happy to help you file your Statement of Information today!