Secretary of State's (SOS) Statement of Information Penalty
The Secretary of State imposes this penalty for failure to file the Statements of Information for the following types of business entities:
- Corporations - annually (statement due once a year)
- C corporations
- S corporations
- Non-Profit Corporations - biennially (statement due once every two years)
- Limited Liability Companies - biennially (statement due once every two years)
- Limited liability companies classified as disregarded entities
- Limited liability companies classified as partnerships
- Limited liability companies classified as corporations
These forms are also known as Statement of Officer filings and can be completed online on the SOS website.
The Franchise Tax Board will assess the penalty after the business is notified by the Secretary of State of late filing or failure to file. The penalty amount varies depending on the entity.
|Entity Type||Penalty Amount|
|Domestic and foreign corporations||$250|
|Domestic nonprofit corporations||$50; Applies for any entity incorporated as a nonprofit corporation, whether or not the corporation is tax-exempt.|
|Domestic and foreign limited liability companies||$250|
Penalty Waiver or Dispute
Only the SOS can waive the penalty. FTB is only responsible for the collection of the penalty.How do I dispute a penalty assessed to a business entity?