HB 5375 - Business Entity Filings

• Requires all annual reports for domestic and foreign corporations, limited partnerships, limited liability companies, limited liability partnerships, and statutory trusts to be filed by electronic transmission between January 1 and May 1 each year, effective January 1, 2011.

• Allows the Secretary of the State to grant exemptions from electronic filing requirements if an entity lacks the capability to file electronically or make electronic payments, or if other good cause is shown.

• Prohibits corporations, limited partnerships, limited liability companies, and limited liability partnerships from filing dissolution or withdrawal documents until all annual reports have been filed.

• Expands Secretary of the State authority to permit electronic transmission and new technology for filing documents required under business entity statutes.

• Requires entities to provide electronic mail addresses in annual reports and allows Secretary of the State to deliver notices of filing requirements by email in addition to mailing.