California Annual Report Filing FAQs
Still have some lingering questions? No worries — we have rounded up and addressed some of the most common questions regarding California's annual report.
What happens if I miss my annual report filing date?
The state of California gives you a 60-day grace period before applying a $250 late fee.
If you fail to file post this grace period, your business's authorization to operate might get revoked.
How long does it take to process the Statement of Information?
Online filings are generally processed within two or three business days. In-person or mailed submissions are processed within one to two weeks. Current processing times are available on the Secretary of State website.
Do I still need to file California Annual Report if my business is new?
Yes, if you are a newly formed business, you need to file the first Statement of Information within 90 days of registering your business.
What is the filing due date after the initial 90-day filing?
After you have filed the first report, the annual report is due on the last day of your formation month.
For example, if you registered your business on February 20, 2020, your initial 90-day Statement of Information was due on May 20, 2020. After that, the next filing was due on February 28, 2022, and then again on February 28, 2024 (every two years or biennially).
What do I do if my business has closed down? Do I still need to file an annual report?
To formally dissolve your business, you need to file the appropriate paperwork with the Secretary of State portal within 12 months of the company's final tax return. Once you have done that, you no longer need to file the annual report.
However, if you haven't officially dissolved the company, you need to continue to file the annual report.
Bizee can help you complete the dissolution paperwork , so it's one less thing you have to worry about.