What is a statement of information?
A statement of information is an annual or biennial (every two years) report that corporations and LLCs are required to file with California’s Secretary of State using the California statement of information form LLC-12. Businesses must file regardless of whether they actively conduct business in the state or have been inactive.
Essentially, the statement of information is an annual or biennial report that provides the state with current information about the business organization that includes:
- The organization’s principal officers
- The organization’s board of directors
- The registered agent for the organization
- The type of organization – corporation or LLC
- The address of the primary business location
- The type of business being operated
- The products or services being offered
The California statement of information form is also used when a corporation or LLC needs to report changes that are related to the information reported on the form. For example, you replace several board members with new people. You would need to submit a statement of information with the Secretary of State, even if it is before your annual or biennial reporting period.