Annual reports filed with the Secretary of State in Alabama are official documents that provide a comprehensive overview of a business's financial performance, operations, and activities throughout the previous year. These reports are required by law and serve as a way for businesses to maintain transparency and accountability with the state government and their stakeholders.
Follow the guide below to help you file your annual report with the
Secretary of State in Alabama or use Mosey to do
it.
Use Mosey to automate annual reports in Alabama.
Avoid the hassle of doing it yourself and use Mosey to automate foreign qualification, annual reports, and registered agent service.
Corporations registered with the Secretary of State must file an annual report. The report is due March 15.
Submit Annual Report
Complete and submit the Corporation Annual Report form by using the Secretary of State Online Services.
What else do I need to know?
There may be additional things you will need to do to maintain your
"good standing" in the state including having a registered agent and
other kinds of taxes.
Maintaining a Registered Agent
Most states require that you have a registered agent that can
receive important mail from the Secretary of State should they need
to contact you. There are many commercial options available or you
can use Mosey to be your registered agent and keep your information
private in Alabama.
Other Taxes
In addition to maintaining a registered agent, maintaining your good
standing can include additional taxes. This can include franchise
tax, sales tax, or other state taxes. You can use Mosey to identify
these additional requirements to maintain good standing in
Alabama.
It’s common for businesses to seek safe, effective, lawful ways to minimize their tax liability. A high tax bill can throttle the potential for a business to thrive, grow, and innovate. If your business operates as a pass-through entity, it may be easier to preserve funds, pay yourself in the early stages of your business, and grow to your full potential.
This is what businesses need to consider when choosing a structure and how Mosey can work to keep businesses tax-compliant.
When it comes to multi-state compliance, what you don’t know can cost you. A lot.
As HR leaders juggle remote teams, ever-changing labor laws, and disconnected systems, it’s never been easier for compliance risks to slip through the cracks. One missed registration. One outdated policy. Suddenly you’re facing fines, lawsuits, or serious reputational damage. And the worst part? Most companies don’t realize they’re at risk until it’s too late.
The business world is made up of thousands of legal entities. In simple terms, a legal entity is an individual, business, or organization that has specific legal responsibilities. These duties are set by various governing bodies, ranging from your local city council to the federal government
This term has evolved over time but remains rooted in the need for a regulated business landscape. Legal entities ensure there’s a structure that’s accountable for its actions within the jurisdictions of federal, state, and local laws.
Kaitlin Edwards |Nov 6, 2023
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