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The Virginia annual report is a filing that certain business entities make to the Virginia State Corporation Commission to change or update entity information on record, such as director or officer names. Filing the annual report keeps a business in good standing with the state of Virginia.
An annual report is a document that contains comprehensive financial information about public companies, small and large corporations, non-profit organizations, partnerships, and other businesses. It includes their financial performance and activities over the prior fiscal year.
Virginia LLCs are not required to file an annual report. However, Virginia LLCs are required to pay the annual registration fee, which is currently $50 and due at the end of the LLC's anniversary month, starting the year after formation.
What is included in an annual report? An annual report typically includes a business's name and address, the state in which the company was formed, a list of officers and directors, all business activities conducted within the state during the fiscal year, and name and contact information for the registered agent.
Annual reports became a regulatory requirement for public companies following the stock market crash of 1929 when lawmakers mandated standardized corporate financial reporting.
Each Virginia corporation and foreign corporation authorized to do business in Virginia must file an Annual Report with the Office of the Clerk every year. The report is due annually by the last day of the 12th month after the entity was incorporated or issued a certificate of authority.
An Annual report is a filing that details a company's activities throughout the prior year. Annual reports are intended to give state governing authorities information regarding the names and addresses of directors or managing members of a corporation or LLC as well as the company and registered agent address.
Each Virginia corporation and foreign corporation authorized to do business in Virginia must file an Annual Report with the Office of the Clerk every year. The report is due annually by the last day of the 12th month after the entity was incorporated or issued a certificate of authority.
The Virginia Annual Report is an ongoing report that some business entities need to file annually to the Virginia State Corporation Commission (SCC). This report will ensure the business remains in good standing year after year. Purpose of the Virginia Annual Report.