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New Pennsylvania Annual Report Requirement

is boi reporting required - january 2025 - cpa in chester county pa

Starting in 2025, businesses in Pennsylvania will need to file an annual report, replacing the previous decennial report requirement. This new filing applies to various domestic and foreign business entities, including corporations, LLCs, and partnerships.

Key Points of the Annual Report:

  • Must include details such as the business name, registered office address, principal officers, and more.
  • Fees vary by entity type, with a $7 fee for most for-profit entities and no fee for nonprofits.
  • Filing deadlines differ by entity type: June 30 for corporations, September 30 for LLCs, and December 31 for other entities.

The Pennsylvania Department of State will send reminders before each deadline, but it’s crucial for businesses to keep their information updated to ensure they receive these notices.

Disclaimer: This content has been reviewed and approved by a licensed Certified Public Accountant. Please note, however, that tax guidance is never one-size-fits-all. Your individual circumstances, financial situation, and goals may require tailored advice. For recommendations specific to your needs, contact 13 Consulting LLC directly.