More than 141,000 have filed online
FRANKFORT, Ky. (Aug. 2, 2016) — More Kentucky business than ever before this year have utilized the Secretary of State’s online filing system to complete the annual report requirement. This year, more than 141,000 businesses have used the site, breaking last year’s record by 1,700. Reports are still being filed.
Every entity authorized to do business in the commonwealth is required to file the report annually, per Kentucky law. To date, approximately 189,400 entities have filed their annual reports, representing approximately 90 percent of all businesses filed with the Secretary of State.
The online reports include information generated from the entities’ previous filings, eliminating the need to enter the same information every year.
The deadline for businesses to file the report, per law, is June 30 each year; however, businesses that fail to meet that deadline receive a final notice. Businesses that fail to file their annual reports and pay the $15 filing fee by Sept. 30 will be administratively dissolved or have its authority to do business in Kentucky revoked.
The annual report 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.