The annual registration renewal period for corporate entities registered in the state of Georgia is January 1, 2015 through 11:59p.m. on Wednesday, April 1, 2015. In order to keep your entity in “good standing” in the state of Georgia, you must file annual registrations and pay the renewal fee by the deadline. Registration fees are as follows: $50 for profit corporations, limited liability companies (LLCs), limited partnerships (LPs), and RICO/Alien corporations; $30 for nonprofit corporations; and $25 for foreign limited liability partnerships (LLPs).

Failing to file by the deadline will result in a $25 late fee, as well as running the risk of being administratively dissolved, which can be disastrous. Your entity can lose its ability to appear in court, be fined several hundreds of dollars, be subject to additional fees for requalification, existing contracts may be void, and you could lose your entity’s name among other things. There are several common mistakes to lookout for when filing your annual registrations. We’ve listed the most common ones below to help you avoid errors.

  • Wrong form submitted
  • Incorrect fee amount submitted
  • Registered agent lists an out of state or P.O. Box address
  • The information provided on the application is incomplete
  • There is no signature or an improper signature

That being said, we know how difficult it can be to keep track of annual reports, lists, or statements and complete accurate and timely filings. If you’d rather avoid the headaches involved in maintaining compliance, consider our Managed Annual Report Services (MARS) to ensure timely and correct filings, with little effort on your part.

Our compliance specialists will track each of your entities for you, in each state, as well as their required report filings throughout the year. We’ll preform an audit of each entity upon enrollment to ensure good standing. Then, our experts will compile and prepare the required forms, request signatures when necessary, submit documents for your review, advance annual report fees on your behalf, and file and track all reports – ensuring that they are filed correctly and timely.

Let us take it all off your desk so that you can focus on your day-to-day business. Give us a call at 888.272.3725 or email us at RAinfo@myparacorp.com to learn more.

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The latest issue of our newsletter, the Alert, is out now! This issue is packed with up-to-date state changes, Parasec announcements, and interviews with experienced professionals. Read it all online here.

If you’re interested in being added to our mailing list, email parasec@parasec.com with the following information:

– First & Last Name
– Email Address
– Firm Name
– Firm Mailing Address

Please include the phrase “Parasec Newsletter” in the subject line. We look forward to hearing from you!

As previously stated in our annual newsletter, the Alert, the Los Angeles County Registrar/Recorder County Clerk’s Office now requires all original, refile, and new Fictitious Business Name Statements to be accompanied by a notarized Affidavit of Identity form, effective January 1, 2015.

The 2015 form has just been updated to include a signature field on the actual Affidavit of Identity form, rather than just the Fictitious Business Name Statement. It is important to note that if Parasec is filing the documents on your behalf, an Agent Authorization form will also be needed, in addition to the Fictitious Business Name Statement and Affidavit of Identity form.

To access the new form, go here.

California has amended UCC Article 9 to adopt individual debtor name Alternative A. The previous UCC Article 9 law omitted any reference to an individual’s driver’s license as the source of a debtor name. California is now adopting the uniform version of legislative Alternative A with Assembly Bill 1858 (AB 1858), taking effect on January 1, 2015. AB 1858 attempts to clear up any confusion about what constitutes a sufficient debtor name, ensuring that the name on the financing statement reads as it appears on the individual’s California driver’s license or state identification card.

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