Annual reports deadline looms for local corporations
COURTESY R.I. SECRETARY OF STATE
â€śOUR customers have really embraced the upgrades we made. More than half the annual reports filed last year came over the Web,â€ť said Secretary of State A. Ralph Mollis. â€śWeâ€™re making it easier for companies to do business in Rhode Island.â€ť
PROVIDENCE â€“ More than 30,000 for-profit corporations in Rhode Island, ranging from car dealers to restaurants, have from Jan. 1 to March 1 to submit their annual reports.
Failure to do so can result in the revocation of the corporationâ€™s Certificate of Incorporation or Certificate of Authority; state law also includes fines for late filing, a news release said.
Corporations can file online, with their Customer Identification Number and Personal Identification number; by mail; or in person at the Secretary of Stateâ€™s Business Services Division at 148 West River St.
â€śOur customers have really embraced the upgrades we made. More than half the annual reports filed last year came over the Web,â€ť said Secretary of State A. Ralph Mollis. â€śWeâ€™re making it easier for companies to do business in Rhode Island.â€ť
The reports will be posted online so the public can search the database by the corporationâ€™s name, location, type of business, etc.
â€śThis transparency is consumer-friendly and ensures that the public has a place to turn for information about businesses,â€ť said Mollis. â€śFiling annual reports shows their commitment to openness. And that can make people thinking of doing business with them more confident.â€ť
There are 60,000 corporate entities registered to do business in Rhode Island.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.