Charleston, W.Va. – Thousands of business owners will get a notice in the mail this week, informing them that their business license could soon be revoked if they do not file their annual report with the Secretary of State’s Office.
About 7,000 notices were sent to corporations, limited partnerships, limited liability companies, voluntary associations, and business trusts across the state on Tuesday.
West Virginia state code requires those businesses file an annual report with the Secretary of State’s Office. An annual report contains no financial information but does include the names of a company’s officers and mailing addresses.
The business owners have until October 31 to file their annual report with the Secretary of State’s Office. Until then, business owners who have not yet filed an annual report with the Secretary of State’s Office must pay the $25 filing fee plus a $100 late filing fee. Businesses who do not file their annual report by that date will have their business license revoked and will be administratively dissolved by the Secretary of State’s Office.
Secretary of State Natalie E. Tennant is urging business owners to file their annual reports quickly and easily online using the website www.business4wv.com. The website is available 24 hours a day, seven days a week. Business owners can save time by using the website and will be sent an email notification once the Secretary of State’s Office accepts the filing.
The number of online filings has steadily increased over the past several years. The number of online filings is currently up more than 4,100 over this time last year. Filing online not only saves the business owner time and money but also helps increase customer service and the efficiency of state government by reducing paperwork in the Secretary of State’s Office.
In addition to filing their annual report online business owners can also obtain their certificate of existence and even do a business entity search on the Secretary of State’s website. Business entity searches show what types of businesses are operating in a certain area of the state.
The Business and Licensing Division of the Secretary of State’s Office has been recognized internationally for its promotion of online services. In June during its annual conference in Winnipeg, Canada, the International Association of Commercial Administrators (IACA) presented West Virginia its Merit Award for Outstanding Innovation.