The information contained in this document is marketing material and for informational purposes only. The information contained in this document is presented without any warranty or representation as to its accuracy or completeness and all implied representations or warranties of any kind are hereby disclaimed. Recipients of this document, whether clients or otherwise, should not act or refrain from acting on the basis of any information included in this document without seeking appropriate professional advice. The provision of the information contained in this document does not establish any express or implied duty or obligation between Citco and any recipient and neither Citco nor any of its shareholders, members, directors, principals or personnel shall be responsible or liable for results arising from the use or reliance of the information contained in this document including, without limitation, any loss (whether direct, indirect, in contract, tort or otherwise) arising from any decision made or action taken by any party in reliance upon the information contained in this document. © The Citco Group Limited, December 2024.
Pennsylvania, United States – New Annual Reporting requirements
As of the 1st of January 2024, all domestic and foreign filing associations organized in or authorized to do business in the Commonwealth of Pennsylvania (PA) are required to file and deliver an Annual Report to the PA Department of State.
Organizations must file a report with the PA Department of State that includes:
- Business name
- Jurisdiction of formation
- Registered office address
- Principal office address
- Name of at least one governor (director, member, partner, etc.)
- Name of all principal officers (if any)
- Entity number issued by the PA Department of State
The deadline for annual report filing is based on the type of associations:
- Corporations (for-profit and non-profit; domestic and foreign
- Limited Liability Companies (domestic and foreign)
- All other associations (partnerships, business trusts, professional associations, etc.; domestic and foreign)
The PA Department of State will mail a notice to the registered office address of each organization required to make an annual reporting at least two months prior to the deadline.
The risk of non-compliance
Beginning with annual reports due in 2027, associations that fail to file annual reports in the 2027 calendar year will be subject to administrative dissolution/termination/cancellation, six months after the due date of the annual report.
If an association is dissolved, a company will no longer be able to legally conduct business in Pennsylvania and its name will become available for new association to claim.