Your SEC Reports Better Be Updated
I am presently undoing the mess our accountant has made. We have been regularly late or remiss in filing our annual General Information Sheet and Audited Financial Statements and one of our corporations got revoked.
As a result, I have to check, collect documents and get the appropriate Board Resolutions to save the corporations' existence.
Not to mention the penalties SEC will be charging us. From my research, some of the delinquent corporation pay between 10k to 100k- depending on how many years you are late.
SEC annual reports checklist:
1. GIS for the year
2. Audited financial statement. If your capitalization is below 50k, then just a sworn finanacial statement from your Corporate Secretary will do.
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Labels: Business
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