Charitable Registration vs. Secretary of State Registration
December 7, 2022New Mexico and Mississippi Ease Audit Requirements
June 2, 2023Pennsylvania's New Annual Report Filing Requirement
Originally scheduled to go into effect on January 2025, organizations registered in Pennsylvania must now file an annual report with the Pennsylvania Department of State Bureau of Corporations beginning in January 2025. The change went into effect on January 2, 2023, with the passage of 2022 Act 122.
This new provision replaces Pennsylvania's decennial report requirement. It also replaces the nonprofit corporation annual report requirement, which required nonprofits to file each year in which they had a change in officers. Nonprofit corporations will not need to file a report in 2023 but will be obligated to file a new annual report requirement starting in 2024.
What Is an Annual Report?
Annual reports are filings due to the secretary of state each year. Annual report requirements ensure the state has up-to-date information about your organization, such as its address and current leadership. Most states also assess a filing fee.
Nonprofits, corporations, and other entities must file annual reports to maintain good standing. Nearly all states have an annual report requirement of some kind.
Annual report due dates, filing fees, and forms vary greatly by entity type and whether the organization is domestic or foreign to the state. Most states require annual reports. A few states require biennial reports (due every two years).
Variable state forms, fees, and deadlines make the on-time filing of required annual reports a challenge for many organizations. Labyrinth, Inc. offers Managed Annual Report Service for all regulating states. We track your due dates and file on time every time.
When is the Due Date for the New Pennsylvania Annual Report?
The deadline to file the new Pennsylvania annual report will vary based on the entity type.
- The due date for Corporations and Nonprofit Corporations will be before July 1 of each year.
- The due date for LLCs will be before October 1 of each year.
- The due date for other entities will be before December 31 of each year.
What is the Filing Fee for the New Pennsylvania Annual Report?
Pennsylvania's annual filing fee is $7 for corporations, LLCs, and limited liability partnerships (LLPs). There is no fee for nonprofit corporations.
What Information Does Pennsylvania Annual Report Require?
Pennsylvania's annual report will require the following information:
- The organization's name
- The jurisdiction of the organization's formation
- The name of at least one director, member, or partner
- Names and titles of the organization's principal officers
- The address of the organization's principal office
- The entity number issued by the Pennsylvania Department of State
Must Nonprofits Submit Both Charitable Registration and Annual Report Filings?
Most states require nonprofits to file several filings every year. Nonprofits sometimes need clarification about the differences between charitable registrations, secretary of state registrations, and corporate annual reports. The purposes of each are quite distinct. Charitable registrations allow a charity to solicit contributions legally in a state. Corporate filings, such as Secretary of State registration or foreign qualification and corporate annual reports, instead permit a nonprofit to hire employees, buy or lease property or offices in a state, or offer services or sell products in a state.
What Are The Consequences of Failure to File Annual Reports?
Charitable registration will continue to be required for nonprofits soliciting in Pennsylvania. Nonprofits will now also be required to file the new Pennsylvania annual report to maintain their good standing in the state. Failure to file the new annual report may result in the loss of the organization’s right to use its name or even the administrative dissolution of the organization.
A proactive approach to maintaining good standing is more efficient and cost-effective than correcting lapsed registrations. All organizations, even those that register in a single state, should consider a fully-managed solution to track due dates and file annual reports on time.
Can Labyrinth File My Pennsylvania Annual Report?
Yes. Our Managed Annual Report Service provides timely and accurate annual report filing, saving you time and ensuring your organization’s good standing.
© 2023 Labyrinth, Inc. All rights reserved. Labyrinth, Inc. does not provide tax, financial, or legal advice. Use of our services does not create an attorney-client relationship. Labyrinth, Inc. is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency.
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