California Corporation Annual Requirements

What do you have to file every year to maintain your corporation's charter in California?

 

Annual Filing Requirements

 

Annual Statement of Information

Every year your California Corporation must file with the Secretary of State of California an Annual Statement of Information (SI-200), which is a reporting of your addresses, officers, directors, & registered agent.

 

Fee:

The fee for filing the annual Statement of Information is $20 plus
a $5 disclosure fee (domestic stock corporations only), for a total
of $25, made payable to the Secretary of State. Failure to pay by
required date will result in a $250 penalty.

Forms:

Form SI-200 C - For annual filing with changes to previous
statement)

Form SI-200 N/C - For annual filing when no changes are being
reported)

Online Filing - For Annual Statement of Information

Due Date:

Annually by the last day of the anniversary month of the initial filing date.

 

Corporation Franchise Tax

Every year your California Corporation must file an Annual Franchise Tax Return with the Franchise Tax Board.

 

Tax:

Both C and S Corporations are subject to franchise taxes.

The franchise tax is actually a tax of net income and the rate is
8.84% of net income for corporations. S corporations must pay the
franchise tax at a rate of 1.5% of net income. California imposes a
minimum franchise tax of $800.

NOTE: New corporations are subject to the above tax rate with no
minimum tax the first year.

Forms:

Form 100 - California Corporation 2012 Franchise or Income Tax
Return (Form 100 Instructions)
Form 100S - California S Corporation 2012 Franchise or Income Tax
Return (Form 100S Instructions)

Index of Forms - California Corporation Taxpayer Forms 1994-2012

Due Date:

Franchise tax is due the 15th day of the 3rd month for the previous year's tax year, or March 15th for calendar year filing.

 

Annual Governance Requirements

 

Every regular California Corporation must do the following as defined by California Corporate Code:

Adobt bylaws (§ 212)

Keep a copy of bylaws at the California office (§ 213)

Issue stock

Hold an annual meeting of directors

Hold an annual meeting of shareholders

Follow annual reporting requirements



   Comments