December 1, 2022
Corporate Compliance
Requirement of Annual Report vs. Dicennial
The Pennsylvania Department of State will now have an Annual Report requirement vs. every 10 years, per HB 2057.
"HOUSE BILL No. 2057 | Session of 2021
Introduced by Roae, Knowles, Briggs, Schemel, Bernstine,Cox, Galloway, Klunk, Bizzarro, Jozwiak, Longietti, Sainato and Warren, November 5, 2021
As Amended on Second Consideration, House of Representatices, June 22, 2022
AN ACT
Amending Titles 15 (Corporations and Unincorporated Associations) and 54 (Names) of the Pennsylvania Consolidated Statutes, in general provisions, further providing for definitions, for form of records, for delivery of document, for functions of Department of State, for processing of documents by Department of State, for court to pass upon rejection of documents by Department of State, for statement of correction and for tax clearance of certain fundamental transactions, providing for annual report and further providing for short title and application of subchapter and for fee schedule; in entities generally, further providing for requirements for
names generally, for required name changes by senior associations and for registration of name of nonregistered foreign association and providing for ratification of defective entity actions;
in entity transactions, further providing for definitions, for relationship of chapter to other provisions of law, for
nature of transactions, for excluded entities and transactions, for approval by business corporation, for
interest exchange authorized, for statement of conversion and effectiveness, for approval of division, for division without interest holder approval, for effect of division, for allocation of liabilities in division and for domestication authorized and providing for administrative dissolution or cancellation..."
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"HOUSE BILL No. 2057 | Session of 2021
Introduced by Roae, Knowles, Briggs, Schemel, Bernstine,Cox, Galloway, Klunk, Bizzarro, Jozwiak, Longietti, Sainato and Warren, November 5, 2021
As Amended on Second Consideration, House of Representatices, June 22, 2022
AN ACT
Amending Titles 15 (Corporations and Unincorporated Associations) and 54 (Names) of the Pennsylvania Consolidated Statutes, in general provisions, further providing for definitions, for form of records, for delivery of document, for functions of Department of State, for processing of documents by Department of State, for court to pass upon rejection of documents by Department of State, for statement of correction and for tax clearance of certain fundamental transactions, providing for annual report and further providing for short title and application of subchapter and for fee schedule; in entities generally, further providing for requirements for
names generally, for required name changes by senior associations and for registration of name of nonregistered foreign association and providing for ratification of defective entity actions;
in entity transactions, further providing for definitions, for relationship of chapter to other provisions of law, for
nature of transactions, for excluded entities and transactions, for approval by business corporation, for
interest exchange authorized, for statement of conversion and effectiveness, for approval of division, for division without interest holder approval, for effect of division, for allocation of liabilities in division and for domestication authorized and providing for administrative dissolution or cancellation..."
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