Now back to back-office work again.

It has been almost 2 and a half months since our LLC was formed. Now, the final step of the initial set-up filings, the Statement of Information. 

Within the first 90 days of formation of a California LLC, we are required to file a form called Statement of Information, Form LLC 12. This form is a mandatory form that needs to be filed with the CA secretary of state, where we report the information of the LLC, including name, address, and the owner's information. We are required to put in the most updated partnership information as it currently stands. However, if for some reason there are changes that occur on the information that was disclosed with the original filings, we can update that information by filing a new form, LLC 12. This form must be filed every two years.

Looks like the filing fee is fairly reasonable, only $25. However, I found out that if we fail to file it or forget to update it or forget to file every two years, there are penalties. I am not sure if a reminder notice will be sent to us, so we better make sure to put it on our calendar of to do two years later. This form must be mailed with a $25 check addressed to the CA SOS. It appears that many things are still done by paper. It seems it would be so much easier to be filed online.