New Federal Requirement - Submit a Beneficial Ownership Information Report
New Federal Requirement - Submit a Beneficial Ownership Information Report
Some states require you to file an Initial Report or a Statement of Information. These reports are often due within the first few months of operation and require you to disclose owner or director information, the registered agent and pay small fees. Each state that requires one varies. Don’t sweat the details, let us handle it for you.
With a few clicks, stay compliant and get back to work.
Your information is already on record, allowing us to easily create an initial report for your business.
Our knowledgeable staff has years of experience handling every type of filing for customers of all sizes. Do what you love, let us handle the paperwork.
Swyft Filings has filed thousands of annual reports. We can put all of that expertise and knowledge to work for you so you can get back to focusing on your business.
Through your secure online account, you can complete the process with a few clicks of the mouse, and then let our business professionals take over.
Each state has slightly different annual report or franchise reporting requirements. Some states only require filings every other year. While the purpose for most states is to update information on your business, some states also require revenue information. Rather than research and figure out exactly what you need, let our professionals handle it for you.
Mistakes on these administrative tasks can be the death knell for your company. At best, forgetting to file or filing improperly can result in additional fines and fees. At worst, it can be the reason your business gets shut down.
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The requirement to file an initial report (which is really any report due before your one-year anniversary) varies by state. Our automated process will notify you if there is an Initial Report due in your state. You may also check our learning center for the details in your state.
Usually, they are due within a month or two from when you incorporate. This exact deadline varies in each state. We will send you a reminder through our automated system when your due date approaches. You can also check our learning center for more or contact one of our business professionals.
The complexity of the initial report varies by state. Generally speaking, you must usually provide updated information regarding location and owners. Our specialists know exactly what information you will need.
This, too, varies by states. Rarely do the states disclose any financial information provided to them. Some states, however, do disclose ownership or other basic information. If you are concerned about that, you can visit with one of our business specialists who may help you convert your entity to a state where there are less disclosures.
States impose fines and penalties if you fail to file your initial report or file it late. More importantly, many states will suspend or terminate your entity if you fail to make the proper filings.
Each and every one of our customers is assigned a personal Business Specialist. You have their direct phone number and email. Have questions? Just call your personal Business Specialist. No need to wait in a pool of phone calls.
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