New York LLC & Corporation Biennial Statement
One of the requirements of maintaining an LLC or corporation in New York is filing a Biennial Statement (sometimes known as a Biennial or Annual Report). The Biennial Statement is used to confirm and update the company’s information every other year with the New York Department of State.
Related: How to form an LLC in New York
What is Needed to File a New York Biennial Statement
The Biennial Statement can only be filed online by going to the New York Department of State’s website, otherwise, you can download and fill out the Biennial Statement
The report asks for information such as:
- Legal name of the entity
- Contact information for the Registered Agent
- Name and address of the officers, directors, members and/or managers
New York Biennial Statement Cost
The Biennial Statement filing fee for either the Corporation or LLC is $9.
Biennial Statement Due Date
The Biennial Statement is due by the end of the entity’s anniversary month.
For example, if your LLC or Corporation was formed January 1, 2020, the first Biennial Statement will be due January 31st 2022.
The Department of State’s office emails a reminder in advance of the Biennial Statement due date. Even though a reminder is sent, it’s important to make an additional reminder for yourself should you not receive it.
Annual Report Filing ServiceIf you would rather use a service that guarantees the annual report is filed on-time, check out the annual report filing service through Northwest.
My business made little or no money. Do I still have to file the Biennial Statement?
Even if your Corporation or LLC received no income or had no business activity, the Biennial Statement is still required to be filed.
What happens if you don’t file the Biennial Statement on time?
If the Biennial Statement isn’t filed on time, a $50 penalty is assessed. Eventually, without filing the Biennial Report, the entity will be administratively dissolved by the Department of State.
How do you change the Registered Agent?
While the New York Biennial Statement form asks for the name and address of the Registered Agent, the Registered Agent can’t be updated on this form.
To update the Registered Agent’s information, fill out a Certificate of Change Form DOS-1556-r. There is a $30 filing fee to make the change.
New York Department of State Contact Information
New York Department of State
Division of Corporations, State Records & UCC
99 Washington Avenue 6th floor
Albany, NY 12231
If you have questions, they can be contacted at (518)-474-1418.