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If a corporation is delinquent, it describes someone or something that fails to achieve what the law or duty requires, such as failing to perform a specific action or make a required payment.
A periodic report, or a recurring report, is a written document that summarizes the events that have occurred since the last periodic report was written. Periodic reports are written by federal agencies, corporations, non-profits and other institutions.
A Colorado periodic report is a report submitted to the Colorado Secretary of State Business Division to keep information about a business entity current. Every year, the following entities are legally required to submit a periodic report: Corporations. Non-profit corporations. Limited Liability Companies.
If a corporation is delinquent, it describes someone or something that fails to achieve what the law or duty requires, such as failing to perform a specific action or make a required payment.
A periodic report, or a recurring report, is a written document that summarizes the events that have occurred since the last periodic report was written. Periodic reports are written by federal agencies, corporations, non-profits and other institutions.
Most states require a corporation to file an annual report with the Secretary of State or equivalent state authority and maintain a registered agent for receipt of official correspondence.Failure to comply with the notice by a certain date results in the corporation being labeled "delinquent" by the state.
The report is due for all entities and is a way to ensure your information is up to date. Submitting a Periodic Report allows an entity to update the principal office address and registered agent information which helps ensure current information is available to the public.