Starting in 2025, the state of Pennsylvania has introduced a new annual report filing requirement for most business entities. If you are doing business in Pennsylvania, this change replaces the previous decennial reporting system and applies to both domestic and foreign entities registered in the state.
Below is the summary of what you need to know:
Key Details of the New Requirement
Who Needs to File?
- Domestic and foreign business corporations
- Nonprofit corporations
- Limited liability companies (LLCs)
- Limited partnerships (LPs), limited liability partnerships (LLPs), and business trusts
- Professional associations and other registered entities
What Information is Required?
- Entity name
- Jurisdiction of formation
- Registered office address in Pennsylvania
- Name of at least one “governor” (e.g., director, partner, or member)
- Names and titles of principal officers, if applicable
- Principal office address
- Entity number issued by the Department of State
Filing Deadlines:
- Corporations: June 30 each year
- LLCs: September 30 each year
- Other Entities: December 31 each year
Cost:
- $7 filing fee for most entities (nonprofits and not-for-profit LPs/LLCs are exempt).
How to File:
Reports must be submitted online through the Pennsylvania Department of State’s portal. The process is straightforward, with pre-filled information available for verification.
Consequences of Non-Compliance
Failure to file by the deadline may result in administrative dissolution or cancellation of registration starting in 2027. This could lead to losing the exclusive right to use your business name in Pennsylvania.
What You Need to Do:
- Make sure to note your entity’s specific filing deadline.
- Review your contact information with the Pennsylvania Department of State to ensure you receive reminders.
- File online early in the year to avoid last-minute issues.
For more details or step-by-step instructions, visit the official Pennsylvania Department of State Annual Reports Page. By staying proactive, you can ensure compliance with this new requirement while avoiding unnecessary penalties or disruptions to your business operations.
For more information or if you have any questions regarding these new changes from the State of Pennsylvania, please reach out to your Mortgage Banking Tax Expert at Richey May or contact us at info@richeymay.com.
