Businesses Get Second Chance
A second chance for thousands of Kentucky businesses to make required filings with the Secretary of State’s office is about up. Entities authorized to transact business in Kentucky were required to file annual reports and pay a 15 dollar fee no later than July second of this year. Those businesses which missed the July deadline were notified they were no longer in good standing with the state. Officials with the Secretary of State’s Office say they now have until September tenth to remedy the delinquency before being administratively dissolved or having their certificates of authority revoked.
Annual reports contain information such as principal place of business and its officers. They do not contain financial information. More than 171 thousand entities have filed the necessary paperwork. But another 20 thousand have yet to file.