Charleston, W.Va. – Businesses in West Virginia have until October 31 to file their annual reports with the Secretary of State’s Office – or face the possibility that their business license will be revoked.
Up until October 31 businesses can file their annual report and pay the annual filing fee as well as a late filing fee.
Organizations that fail to file will be administratively revoked and may not continue to conduct business in West Virginia until they file reinstatement forms with the Secretary of State.
Corporations, limited liability companies, limited partnerships, voluntary associations, and business trusts are required to file an annual report with the Secretary of State.
According to the Secretary of State’s Office, there are about 6,700 businesses in West Virginia that still need to file annual reports.
Penney Barker, the manager of the Business and Licensing Division of the Secretary of State’s Office, said the best way for business owners to file their annual reports now is to use the online portal www.business4wv.com.
“Using business4wv.com allows a business owner to file their annual report 24 hours a day, seven days a week,” Barker said. “Once our office accepts the filing, the annual report data is entered into our system. It’s easy and secure. You won’t have to wait for days for the mail to get here to Charleston.”
Staff members of the Business and Licensing section have been working for months entering annual reports by hand. All told, about 80,000 annual reports have been entered this way.
“Using business4wv.com allows business owners to bypass all that paperwork,” Secretary of State Natalie E. Tennant said. “You can get back to running your business and focus on your product.”
Online filing continues to grow in popularity – in 2010 about 23,600 reports have been filed online compared to about 14,400 last year.
Annual reports include information like a business’s address, board members, service of process address, and other contact information.
More information on the Business and Licensing division, including a searchable database of business organizations, is available on the Secretary of State’s website here.