What will happen if I do not file the Statement of Information in California?

If you do not file the Statement of Information in California, there are a few consequences that you may face.

• The California Secretary of State may send you a notice of delinquency. This notice will give you 60 days to file your Statement of Information. If you do not file your Statement of Information within 60 days, the Secretary of State may suspend or forfeit your business’s registration.
• Your business may be unable to conduct business in California. If your business’s registration is suspended or forfeited, you will not be able to do business in California. This means that you will not be able to open a bank account, file taxes, or sue or be sued in California.
• You may be subject to fines. The California Secretary of State may impose fines on businesses that do not file their Statement of Information. The amount of the fine will depend on the number of times you have failed to file your Statement of Information.

It is important to file your Statement of Information on time to avoid these consequences. You can file your Statement of Information online or by mail. The filing fee is $25.

Here are some tips for avoiding the consequences of not filing your Statement of Information:

• Set a reminder to file your Statement of Information. This will help you to make sure that you file your Statement of Information on time.
• Keep your business information up-to-date. This will help you to avoid having to file a new Statement of Information if your business information changes.
• File your Statement of Information online. This is the easiest and quickest way to file your Statement of Information.

Please contact WINTER LLP if you have any other questions.