puzzled by annual reports? - 2017
TRANSCRIPT
Puzzled by
Annual Reports?
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Scott Mathews has been with CSC for five years. He is one of
the leaders of the Corporate Solutions Manager Team, working
with existing clients to maximize their partnership with CSC by
providing assistance with important business filings, including
annual reports. Previously, Scott worked with local contractors,
helping them expand their business and establish themselves
in their local markets.
Helping you put the puzzle together today…
Paula Washburn has been with CSC for over 30 years. During
her tenure, she has managed Customer Service and
Fulfillment Teams in numerous CSC offices. For the past four
years, she has worked as the operations manager of CSC’s
Annual Report Preparation and Filing Team, that is one of
several teams comprising CSC’s compliance solutions.
What is an annual report?
Filing and Reporting Deadlines
Filing Requirements
Consequences of not filing
Business License vs. Annual Report
How CSC can help
Reasons to outsource
Pieces to Complete the Puzzle
• Audit of your current entity portfolio
• Update our Entity Management solution
with your entity data
• Assist with entities that are not in good
standing
• Identification of In-House and CSC-
Managed filings
• Filings are prepared in advance of the due
date
• Filed documents saved in CSC Navigator
• CSC will advance the state fees on your
behalf
• Invoice options to fit your workflow
Annual Report Service Overview
• CSC Good Standing calendar is fully integrated withAnnual Report Prepand File Service
• CSC DealRoom notifications
• Email updates from your dedicated CSS
Can I check the status of my orders?
Understanding Annual Report Terminology by Jurisdiction
Requirement to maintain
good standing in most
jurisdictions.
Annual Reports can have a
variety of names:
• Statement of Information
• Occupational Tax Return
• Annual List
• Franchise Tax Report
Do I need to file an annual report?
It depends on…
the jurisdiction
your entity type
when you registered
to do business
Our team of experts can
help you take the question
out of requirements.
When are annual reports due?
Due dates vary depending
on the jurisdiction.
• Fiscal Year End
• Anniversary Month
• Anniversary Date
• One day annually as
determined by
the jurisdiction
What are the filing requirements?
States have varying
requirements which can
also vary within the
jurisdiction by entity type.
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
•
I did not file my annual report!
What are the
consequences?
What about my business license?
Business License Requirements:
• Requirements at state, federal, county,
and/or city level
• Filing required in over
160,000 jurisdictions
• Licensing authority examples are:
Department of Health
Department of Insurance
City of Newark
• Depending on nature of business,
multiple filings may be required.
Annual Report Requirements:
• Typically required for companies who are
registered to do business with the
Secretary of State
• Annual report requirements should be
referenced by other state agencies when
filing documents such as real estate or
business license
• Entities file Annual Reports to maintain
their good standing in a state
Let CSC help!
• Many states no longer send notifications
•
• No need to worry about changing due dates and requirements
• Avoid paying reinstatement fees, penalties and/or interest due to missed filings
• Save time, money and resources while reducing risk
• Point in time reporting of your entities status
• A dedicated annual report team to provide you with peace of mind
• 24/7 to CSCNavigatorSM
Why outsource to CSC?
Still Puzzled? Contact Us!
CSC Annual Reports
Prep and Filing Team
800-927-9800
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