Annual reports due to secretary of state beginning Jan. 1
PBN FILE PHOTO
SECRETARY OF STATE A. Ralph Mollis reminded the state's more than 30,000 for-profit businesses that the period for filing annual reports begins Jan. 1 and runs through February. Failure to file could result in revocation of certain certificates, while late filings could result in fines.
PROVIDENCE – More than 30,000 for-profit businesses will be required to file annual reports with the Office of the Secretary of State starting Jan. 1.
Those businesses, which range from auto dealers to mortgage companies and restaurants, have until March 1 to file the reports. Nonprofits and limited liability companies are also required to file annual reports with the secretary of state at other times of the year.
Failure to file an annual report can result in the revocation of a corporation’s certificate of incorporation or certificate of authority, which are needed to conduct business in the state. Late filings can also lead to fines.
Businesses can file online or by regular mail.
“Last year, more than half of the annual reports filed were online,” Secretary of State A. Ralph Mollis said on Monday in a news release. “Our customers really take advantage of the technological advances our office has made to improve filing efficiency, while making it easier for companies to do business in Rhode Island.”
Reports are posted on the secretary of state’s website in a searchable database.
“My office is responsible for corporate record-keeping, and I am committed to giving Rhode Islanders 24/7 access to up-to-date and accurate information,” said Mollis. “The business community is my partner in this effort.
“Filing annual reports shows [a business’] commitment to openness, and that can make consumers feel more confident about doing business with them,” he said.
PBN is now accepting applications for its newest award program and event for RI & Bristol County to celebrate the Manufacturing Renaissance that is evolving regionally and across the country. The deadline for applications is March 20th.
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.