Charleston, W.Va. – The West Virginia Secretary of State’s Office has begun notifying thousands of businesses of the late filing deadline for annual reports and the penalty for failure to file.
Using the cost-efficient method of mailing postcards rather than letters, 9,060 organizations were informed that they must file by October 31, 2013 in order to avoid being administratively dissolved or revoked by the Secretary of State’s Office.
The deadline to file annual reports without facing late filing fees was June 30.
“We don’t want any organization to go out of business because they missed this deadline,” Secretary of State Natalie E. Tennant said. “We are doing everything we can to let them know about this deadline, and even lowered the late filing fees for business. We want to help businesses stay open. Once a business owner gets this notice, I urge them to quickly complete the paperwork and make sure that their business remains in good standing.”
To file an annual report, which includes information such as an organization’s officers and service of process address, a business owner must pay the $25 filing fee plus the late filing fee. The lower late filing fee, part of business friendly legislation that Secretary Tennant’s office supported, is now $50 for corporations and $25 for non-profits.
The fastest and easiest way to file an annual report is through the website www.business4wv.com. This year, more than 58,885 annual reports have been filed online – more than 65 percent of all annual reports filed. Using that website, a business owner can file their annual report 24 hours a day, seven days a week and receive an email confirmation once the Secretary of State’s Office accepts the filing.
The number of annual reports filed online during the January to June filing period continues to increase. In 2009 there were 14,300 annual reports filed online; 23,939 in 2010; 28,640 in 2011; 43,381 in 2012; and 56,443 in 2013.