Tuesday, 07 09, 2013
Lynn Sowards Zellen
Director of Communications
Secretary of State Alison Lundergan Grimes
Entities authorized to transact business in Kentucky were required to file annual reports with the Kentucky Secretary of State’s office and pay a $15 filing fee no later than July 1, 2013. More than 156,500 businesses have satisfied the requirement, but approximately 41,000 have yet to file their reports and are no longer in good standing with the Secretary of State’s office, reports Secretary of State Alison Lundergan Grimes.
“Nearly 80 percent of businesses timely filed their reports this year, and our efforts to promote online filing to save businesses time and money are proving successful,” said Grimes, Kentucky’s Chief Business Official. “In 2012, approximately 60 percent of annual reports were filed online; so far in 2013, that number is more than 66 percent.”
Annual reports contain information such as principal place of business, officers, and service of process address. No financial information is contained in annual reports.
Pursuant to statute, the Secretary of State’s office will mail a final, 60-day notice to entities that failed to meet the July 1 deadline. Failure to comply with the 60-day notice will result in administrative dissolution of the business entity or revocation of authority to do business in Kentucky. Conducting business in Kentucky after administrative dissolution or revocation of the certificate of authority may result in civil penalties.
Grimes reminds those entities that are no longer in good standing that they can file the required paperwork and pay the fee online at www.sos.ky.gov, in person, or via mail.