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Sacramento Statement of Information

What are the legal requirements to run a business in Sacramento, CA? It’s not a question with a simple answer. There is quite a bit of paperwork that needs to be completed and sent in to the appropriate government agency. Some of this paperwork relates to the creation of the business, and needs to be done only once. Other types of documents must be sent in at periodic intervals during the lifespan of the company. Among the filings in the second category is what the State of California calls the Statement of Information.

What’s a CA Statement of Information? It’s essentially equivalent to the “annual report” required by most states—a simple document that lists certain facts pertaining to a particular business. In California, the Statement is filed with the CA Secretary of State’s office and can be accessed by the public.

Filing your State of California Secretary of State Statement of Information in a timely manner is extremely important. You are required to comply with the filing schedule set by the state. Luckily, FastFilings can help you with the necessary filing for your Sacramento business. Our simple online ordering system will walk you through the process. It’s really the easiest way to file your Statement of Information in Sacramento.

Our Sacramento Statement of Information Process

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What's in the Statement of Information?

A CA Secretary of State Statement of Information lists various facts associated with a specific business:

The registered name of the business
The Secretary of State File Number
The business street address
The business mailing address (if different from street address)
Name & address of Chief Executive Officer
Name & address of other officers, members, or managers
Name & address of director (only for Stock and Agricultural Cooperative Corporations)
Name & address of California Agent
A short description of the business

The Statement must also be signed at the bottom.

There are two distinct Statement of Information forms: Form SI-550 (corporations) and Form LLC-12 (limited liability companies). Be sure to select the form that applies to your business structure.

When to File a Statement of Information in Sacramento

Your business is required to file an initial Statement of Information within 90 days of the formation of the entity. Afterward, the filing schedule depends on the type of business structure you have:

Corporations – File every year.
LLCs – File every two years.

What time during the year are you expected to send in your Sacramento Secretary of State Statement of Information? That is determined by the month in which your business was registered. On any year your Statement is due, you can send it in on any day of your registration month, or any day of the preceding five months.

For instance, let’s say you registered your business on November 15. Your Sacramento Statement of Information will be due, during any year in which you must file it, at any time from June 1 through November 30.

Who Must File a Sacramento Statement of Information?

Corporations and LLCs operating in Sacramento—or any other area in the state—are required to file a Statement of Information according to schedule. This requirement applies to California-based and foreign organizations alike. It also extends to agricultural cooperatives active in the state.

In order to file a Sacramento Statement of Information, an organization must have active or suspended/forfeited status with the state.

If nothing has changed between required filings, the organization has the option to use a “No Change” filing (Form LLC-12NC for LLCs; Form SI-550 NC for corporations). Note that organizations are also required to file a Statement of Information as soon as any applicable information has changed (e.g., a new CEO).

What Happens If I Don't File a Statement of Information?

Failing to file a Secretary of State California Statement of Information on schedule can expose your business to serious penalties from the Franchise Tax Board. These include the suspension or forfeiture of your business in Sacramento.

Let FastFilings Help with Your Statement of Information in Sacramento

Not sure how to fill out your Statement? Just leave everything to FastFilings. Our online ordering platform gives you the easiest way to complete your required Statement of Information in Sacramento, so you can continue good-standing operations in the state’s capital city.