Pennsylvania Businesses: Prepare for Annual Report Requirements Starting in 2025

January 6, 2025
Michelle OBrien

Starting in 2025, all businesses registered in Pennsylvania will be required to file annual reports with the Pennsylvania Department of State. This new requirement represents a significant shift in compliance obligations for Pennsylvania businesses, aiming to improve transparency and ensure the accuracy of the state’s business registry. Here’s what you need to know to stay ahead of the change.

Who Does This Apply To?

The annual report requirement applies to all businesses registered with the Pennsylvania Department of State, including:

  • Corporations (both for-profit and non-profit)
  • Limited Liability Companies (LLCs)
  • Limited Partnerships (LPs)
  • Limited Liability Partnerships (LLPs)
  • General Partnerships that are registered
  • Foreign entities authorized to do business in Pennsylvania
    If your business is registered in Pennsylvania, this requirement will impact you.

What Information Is Required?

  • The annual report will require businesses to provide basic but essential information, including:
  • The business name and entity type
  • The principal office address
  • The names and addresses of key officers, members, or partners (as applicable)
  • The business’s state of formation (for foreign entities)
  • Confirmation of compliance with state tax obligations

This information ensures that the state’s records remain accurate and up-to-date.

When Is the Deadline?

Annual reports must be filed by June 30th of each year, starting in 2025. Businesses should mark their calendars to avoid missing this important deadline.

How to File

The Pennsylvania Department of State is expected to offer an online filing system to streamline the process. Filing fees will apply, though the exact amounts vary based on the type of entity. Businesses should monitor updates from the Department of State for more details.

Why Is This Important?

Failure to file an annual report could lead to:

  • Administrative dissolution for domestic entities
  • Revocation of authority to do business in Pennsylvania for foreign entities

These consequences could disrupt your operations and lead to additional costs to reinstate your business status.

How O’Brien Law Can Help

At O’Brien Law, we understand the administrative burdens businesses face. Our experienced attorneys are here to help you navigate these new requirements, ensuring timely and accurate filings. We offer:

  • Guidance on compliance with the new annual report requirements
  • Assistance with preparing and submitting reports
  • Support for businesses facing administrative penalties or reinstatement processes

Don’t let these new obligations catch you off guard. Contact O’Brien Law today to discuss how we can help your business stay compliant and focused on growth.

Stay Compliant, Stay Successful

As the 2025 deadline approaches, preparation is key. Begin gathering the necessary information and developing a compliance strategy now to ensure a seamless transition. O’Brien Law is here to be your trusted partner in navigating these changes.