If you spent the last couple of years stressing over the federal Beneficial Ownership Information (BOI) report, here’s some good news and some important news.
The good news: The federal BOI filing requirement is no longer in effect for U.S. businesses.
The important news: Pennsylvania has its own annual filing requirement that affects nearly every registered business in the Commonwealth – and the penalty for missing it is the loss of your business registration.
If you own a corporation, LLC, limited partnership, or nonprofit registered in Pennsylvania, this one is on you to file. Here’s everything you need to know.
What Is the Pennsylvania Annual Report?
The Pennsylvania Annual Report is a yearly filing required by the PA Department of State under Act 122 of 2022, which was signed into law by Governor Wolf on November 3, 2022. This new requirement replaced Pennsylvania’s long-standing decennial (every 10 years) report and brings the Commonwealth in line with the vast majority of other states that already require annual filings.
In short: Pennsylvania businesses now confirm their basic information with the state every year, not every ten.
Who Has to File a PA Annual Report?
The annual report requirement applies to virtually all registered business entities in Pennsylvania, including:
- Domestic and foreign business corporations
- Domestic and foreign nonprofit corporations
- Domestic and foreign limited liability companies (LLCs)
- Limited partnerships (LPs)
- Limited liability partnerships (LLPs)
- Business trusts
- Professional associations
If your entity is registered with the PA Department of State, this almost certainly applies to you.
Pennsylvania Annual Report Filing Deadlines
Filing due dates vary by entity type, so mark your calendar carefully:
- Corporations (business and nonprofit), domestic and foreign: Due by June 30 each year
- Limited liability companies (domestic and foreign): Due by September 30 each year
- Limited partnerships, LLPs, business trusts, and professional associations (domestic and foreign): Due by December 31 each year
A new business’s first annual report is due the year following its formation in Pennsylvania or its initial foreign registration.
How Much Does It Cost to File?
The filing fee is refreshingly simple:
- For-profit entities: $7
- Nonprofit organizations: $0 (no fee)
No, that’s not a typo. Seven dollars.
What Happens if You Don’t File?
This is the part that gets people’s attention. Failure to file a Pennsylvania Annual Report results in administrative dissolution, termination, or cancellation of your business registration – and the loss of your name protection.
In plain English: the state can shut down your registration, and another business could potentially scoop up your name. For a $7 fee, the cost of forgetting is steep.
What Information Is Required on the PA Annual Report?
The good news here is that the report is straightforward, and no financial information is required. You’ll need to confirm or update:
- Business name
- Jurisdiction of formation
- Registered office address
- Name of at least one governor ( director, general partner, LLC manager, or LLC member with material management responsibility -depending on the entity type)
- Names and titles of principal officers, if any
- Address of the principal office
- Entity number issued by the PA Department of State
That’s it. No revenue numbers, no balance sheets, no tax data.
How to File the Pennsylvania Annual Report Online
The PA Department of State strongly encourages online filing -and so do we. Online filings are processed automatically within minutes, your entity information is prepopulated to reduce filer error, and you’ll have your filed report in your online queue almost immediately.
Here’s the step-by-step process:
- Go to file.dos.pa.gov and log in (or create an account)
- Search for your company name under Business Search
- Click the “File Annual Report” icon (no PIN required)
- Confirm or update your entity information
- Pay the $7 fee (free for nonprofits)
- Receive your filed report within minutes in your My Business Work Queue
Paper filings are still accepted, but they’re slower. They get date-stamped on receipt, processed with that day’s regular work, and returned by mail. Stick with online if you can.
For more information, you can visit the official Pennsylvania Department of State page on annual reports: pa.gov/agencies/dos/programs/business/types-of-filings-and-registrations/annual-reports.
A Quick Word on the Federal B01 vs. the PA Annual Report
These two requirements often get confused, so let’s keep it simple:
- The federal BOI report (filed with FinCEN) is no longer required for U.S. businesses.
- The Pennsylvania Annual Report is a state filing required every year for PAregistered entities.
They are completely separate filings administered by different government bodies. If you’ve been thinking, “Wait, didn’t they get rid of that?” -you’re thinking of the federal one. Pennsylvania’s is alive, well, and waiting for your $7.
Annual report deadlines have a way of sneaking up on busy business owners. The filing itself takes just a few minutes online, the fee is minimal, and the consequences of missing it are significant. Set a calendar reminder, file early, and check this one off your list.
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