New Annual Report Requirement for Pennsylvania Business Owners Starting in 2025

Tax Talk Tuesdays

Beginning January 6, 2025, most Pennsylvania domestic and foreign filing associations must file an Annual Report (DSCB:15-146) online at file.dos.pa.gov. This new requirement applies to various entities, including domestic business corporations, nonprofits, limited liability companies (LLCs), limited partnerships (LPs), and all registered foreign associations.

Key Details for Filing

The Annual Report must include:

  • Business name
  • Jurisdiction of formation
  • Registered office address
  • Principal office address
  • Name of at least one governor (e.g., director, member, or partner)
  • Names and titles of principal officers, if any
  • Entity number issued by the Pennsylvania Department of State

The fee is $7 for most entities, including business corporations, LLCs, LPs, and limited liability partnerships (LLPs). Nonprofit corporations and LPs or LLCs with a not-for-profit purpose are exempt from this fee.

Filing Deadlines for the Pennsylvania Annual Report

The deadline for filing the Annual Report depends on the type of association:

  • Corporations (business and nonprofit), domestic and foreign: File between January 1 and June 30.
  • Limited liability companies (LLCs), domestic and foreign: File between January 1 and September 30.
  • Limited partnerships, limited liability partnerships, business trusts, and professional associations, domestic and foreign: File between January 1 and December 31.

Pennsylvania Annual Report vs. CTA BOI Report

It’s important to note the distinction between the Pennsylvania Annual Report and the Corporate Transparency Act (CTA) Beneficial Ownership Information (BOI) report:

  • The Annual Report is required by Pennsylvania state law and is filed with the Pennsylvania Department of State (DOS).
  • The BOI report is required by federal law and is filed with the U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN).
  • While both filings collect business-related information, they apply to different entities and require different data.
  • Federal court cases involving the CTA BOI do not affect Pennsylvania’s annual reporting requirements.

Understanding the separate obligations under state and federal law, including the distinctions between the Pennsylvania Annual Report and the CTA BOI report, is essential to avoid penalties and ensure full compliance. Contact your Stephano Slack tax manager/partner at 610-687-1600 or [email protected] for more information.

Author Jackie Himes, CPA, partner, is a trusted authority in serving high-net-worth individuals and closely held businesses. She provides strategic financial guidance that fuels growth and sustainability. She can be contacted at 610-710-4057 or [email protected].

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