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Businesses must file annual reports by July 1

LEXINGTON, Ky. (June 3, 2014) — Secretary of State Alison Lundergan Grimes 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.

Entities that already are 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.

Entities are encouraged 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,” Grimes said. “In a matter of minutes, you can view your report, make any necessary changes, and file it.”

Businesses 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. All entities have been sent reminders via U.S. Mail, and the nearly 120,000 entities that provided email addresses in previous years were also sent electronic reminders.

Almost 112,000 entities have already fulfilled the requirement for 2014, with approximately 67 percent filing online. 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.