Puzzled by Annual Reports? - 2017

Puzzled by

Annual Reports?

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Scott Mathews has been with CSC for five years. He is one of

the leaders of the Corporate Solutions Manager Team, working

with existing clients to maximize their partnership with CSC by

providing assistance with important business filings, including

annual reports. Previously, Scott worked with local contractors,

helping them expand their business and establish themselves

in their local markets.

Helping you put the puzzle together today…

Paula Washburn has been with CSC for over 30 years. During

her tenure, she has managed Customer Service and

Fulfillment Teams in numerous CSC offices. For the past four

years, she has worked as the operations manager of CSC’s

Annual Report Preparation and Filing Team, that is one of

several teams comprising CSC’s compliance solutions.

What is an annual report?

Filing and Reporting Deadlines

Filing Requirements

Consequences of not filing

Business License vs. Annual Report

How CSC can help

Reasons to outsource

Pieces to Complete the Puzzle

• Audit of your current entity portfolio

• Update our Entity Management solution

with your entity data

• Assist with entities that are not in good

standing

• Identification of In-House and CSC-

Managed filings

• Filings are prepared in advance of the due

date

• Filed documents saved in CSC Navigator

• CSC will advance the state fees on your

behalf

• Invoice options to fit your workflow

Annual Report Service Overview

• CSC Good Standing calendar is fully integrated withAnnual Report Prepand File Service

• CSC DealRoom notifications

• Email updates from your dedicated CSS

Can I check the status of my orders?

Understanding Annual Report Terminology by Jurisdiction

Requirement to maintain

good standing in most

jurisdictions.

Annual Reports can have a

variety of names:

• Statement of Information

• Occupational Tax Return

• Annual List

• Franchise Tax Report

Do I need to file an annual report?

It depends on…

the jurisdiction

your entity type

when you registered

to do business

Our team of experts can

help you take the question

out of requirements.

When are annual reports due?

Due dates vary depending

on the jurisdiction.

• Fiscal Year End

• Anniversary Month

• Anniversary Date

• One day annually as

determined by

the jurisdiction

What are the filing requirements?

States have varying

requirements which can

also vary within the

jurisdiction by entity type.

•

I did not file my annual report!

What are the

consequences?

What about my business license?

Business License Requirements:

• Requirements at state, federal, county,

and/or city level

• Filing required in over

160,000 jurisdictions

• Licensing authority examples are:

Department of Health

Department of Insurance

City of Newark

• Depending on nature of business,

multiple filings may be required.

Annual Report Requirements:

• Typically required for companies who are

registered to do business with the

Secretary of State

• Annual report requirements should be

referenced by other state agencies when

filing documents such as real estate or

business license

• Entities file Annual Reports to maintain

their good standing in a state

Let CSC help!

• Many states no longer send notifications

•

• No need to worry about changing due dates and requirements

• Avoid paying reinstatement fees, penalties and/or interest due to missed filings

• Save time, money and resources while reducing risk

• Point in time reporting of your entities status

• A dedicated annual report team to provide you with peace of mind

• 24/7 to CSCNavigatorSM

Why outsource to CSC?

Still Puzzled? Contact Us!

CSC Annual Reports

Prep and Filing Team

800-927-9800

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Puzzled by Annual Reports? - 2017

Data & Analytics

Transcript of Puzzled by Annual Reports? - 2017