The following information is provided for.educational purposes only and in no way constitutes.legal, tax or financial advice..For legal, tax or financial advice specific.to your business needs, we encourage you to.consult with a licensed attorney and/or CPA.in your state..The following information is copyright protected..No part of this lesson may be redistributed,.copied, modified or adapted without prior.written consent of the author..Before beginning this Lesson, please make.sure that you have your stamped and approved.Articles of Organization back from the State..Otherwise, you will not have the information.you need to prepare the next document..As we discussed in Lesson 2, California has.a number of additional requirements for your.LLC to remain in compliance with the State..The first of these requirements is called.the Statement of Information..The purpose of the Statement of Information.is to keep the State updated with your LLC's.contact information..It includes your LLC Name, your Secretary.of State File Number, the LLC's Address, the.Names and Addresses of the Member or Members,.your Registered Agent information, as well.as a brief description of your business..You can find your Secretary of State File.Number on your stamped and approved Articles.of Organization that you received back from.the State..You will need to file your first Statement.of Information within 90 days of the approval.of your LLC..Then you will need to file it again every.two years..It will be due by the anniversary date of.the approval of your LLC..The anniversary date is the date the Articles.of Organization was stamped and approved by.the State..The fee for filing your initial Statement.of Information is just $20..In two years, when you file again, the cost.will remain the same at $20..Failure to file on time, whether it's the.initial or the ongoing Statements of Information,.will result in the State charging a late fee.of $250, and they may eventually dissolve.or shut down your LLC..Here are some examples of deadlines..Let's say the Approval Date of your LLC was.February 15th in 2015..Your initial or the first Statement of Information.would be due by May 16th of the same year..That's within 90 days of the Approval Date..Then your next Statement of Information is.going to be due February 15th of the year.2017..This is two years after the Approval Date..Then your ongoing Statements of Information.will be due every two years by the February.15th deadline..Let's look at one more example because I know.hearing this all at once right away can sometimes.be a little bit confusing..So let's look at Example 2..Let's say the Approval Date of your LLC was.October 1st in 2015, and you may be watching.these videos in the future so these dates.are just arbitrary just to help paint an example.to make it a little bit more clear..Again, if the Approval Date of your LLC is.October 1st, 2015, your initial Statement.of Information is going to be due before December.30th of 2015..Again, this is 90 days from October 1st (the.Approval Date)..Then, your next Statement of Information will.be due by October 1st, 2017..This is the full two years after the original.Approval Date..Then, your ongoing Statements of Information.will be due every two years by the October.1st deadline..Once you determine when your initial and your.ongoing Statements of Information are due,.you should not take any chance that your filings.are delayed..You should file your initial Statement of.Information as well as your ongoing Statements.of Information as early as possible to make.sure the State receives them before their.due date..The State allows you to file your Statements.of Information up to three months before they.are actually due, so we recommend that you.take advantage of this..Although the State will send your LLC a reminder.for ongoing Statements of Information, it's.a good idea to calendar the due dates on your.own..And just a note here: they do not send you.a reminder for the initial Statement Information..That's due within 90 days of the approval,.and it's your responsibility to send that..The reminders that you receive after that.are going to be for the ongoing Statements.of Information (again, which are due every.two years)..Even if you don't receive a reminder, you.are still responsible (for filing) to file.your Statement of Information every two years..Once your Statement of Information is completed,.you will need to submit it to the State along.with the filing fee..You will find the accepted forms of payment.and the address where to send your Statement.of Information to below this video..It's a good idea to make a copy of the Statement.of Information that you send to the State.and keep it with your business records..We are now ready to fill out your Statement.of Information..You can download this document below the video..Let's get started..Here we are inside the Statement of Information..This is a three-page PDF document..The first and second pages do have instructions,.and the third page is the actual Statement.of Information..Feel free to read through pages one and two,.but we've already discussed all the details.within this video..This form can be filled out on the computer,.or it can be printed out and then filled out.by hand..If you fill it out by hand, please make sure.to use blue or black ink..Make sure that you print the documents on.letter size (that's your standard eight and.a half by 11 inches)..Also, please note that I have a professional.version of Adobe Acrobat..You may just have a simple free version called.Adobe Reader and you may not have as much.functionality in order to type inside the.document..If that's the case, no worries; again you.can just print it out, and fill it out by.hand..Another important thing to make note of, is.at the bottom of page two; on the instructions,.they do list the address where to send the.Statement of Information to..The only thing is that you may be watching.this video in the future, so we ask you to.cross-reference the address that you find.within your documentation, or that you're.watching this video, and just reference the.address that we have listed below this video..That's the most up-to-date and accurate address..Alright, let's get started..In order to save time, I've already filled.out the information within this document..Under Section 1, you're going to list the.Name of your LLC, and remember to include.the full name with the abbreviation LLC or.L.L.C..Under No. 2, you're going to list your Secretary.of State File Number (I just included a bunch.of exes because i don't have an actual File.Number for California..No. 3 you're going to leave blank (this is.only for LLCs that are formed outside of the.State of California)..Under No. 4, for your initial Statement of.Information, you're going to leave this box.unchecked..Now, moving forward, in your ongoing Statements.of Information, you're going to be using the.same PDF document..However, if you haven't had any changes to.the address or any information for your LLC,.all you have to do is simply check this off..You can skip Nos. 5 all the way down through.14 (basically a 5 through 14) and then on.15, you just date, print, put your title and.sign..For now, because this is your initial Statement.of Information, again you're going to leave.No. 4 unchecked..In No. 5, I'm going to list the Address and.the Principal Office of the business..In No. 6, I'm going to leave it blank because.the Mailing Address is the same as the Street.Address..Now this is a little confusing because No..7 says the street address of the California.office, so this one has to be within the State.of California..Most likely both of these addresses will be.the same for you; in my case for this example.they're the same so I just fill them in twice..Scrolling down to No. 8 where it says \"Name.and Complete Address of the Chief Executive.Officer, If Any\", this typically would just.apply to Corporations so you can leave this.blank..In No. 9, 10 and 11, you're going to list.the Names and Addresses of the LLC's Member,.or Members..In this case, this is a Single-member LLC.(I've just listed my name and my address)..Heading down, under Section 12 and 13, this.is where we're going to list the Registered.Office and the Registered Agent..In this case, I am the Registered Agent for.my LLC, so I'm going to include my name and.my address again..Remember, your LLC's Registered Agent could.be a friend or family member that lives in.the State; or, if you've hired a Commercial.Registered Agent, you'll simply just list.the name of that company here and their address.on No. 13..Under No. 14, they're asking for a brief description.of the type of business..Now this doesn't have to be an elaborate sentence;.it can just be a few simple words, such as.this example: plastics manufacturing and shipping..Other examples could say landscaping services,.marketing consulting, etcetera..Then at No. 15, you're going to list the date,.and you're going to print your name..Under \"Title\", you can put \"Managing Member\";.afterwards, once you print out the document,.you'll simply sign here where it says \"Signature\",.take your payment of $20, and you're going.to send that to the State..Again, the accepted forms of payment and the.address where to send this document to are.listed below the video..So let's go over some important points which.we mentioned earlier in the video: that this.initial Statement of Information is going.to be due within 90 days of the approval of.your LLC, and then it will be due again within.two years of the Approval Date..Again, it's basically a way for the State.to make money (and most importantly they keep.your contact information up-to-date); and.if businesses don't file the Statement of.Information, it helps the State keep the records.clean because they eventually dissolve and.shut down businesses..So you'll have to come back to this lesson,.and in approximately a little bit less than.two years, you're going to download this document.again and just make changes to any information.that's updated..If there's no changes to any of the Nos. 5,.6, 7, 8, 9, and 10, all the way down to 14,.it's really simple: all you do is put the.Name of the LLC, your Secretary of State File.Number, you check off No. 4 that says there's.been no changes, go down to No. 15, fill in.the date, your name, your title and sign..Let's just do one quick walk-through again.before we wrap this up: again, No. 1, Name.of the LLC; No. 2, Secretary of State File.Number; No. 4, for the initial Statement of.Information, you leave it unchecked; for the.ongoing Statements of Information, you check.it off if there have been no changes, or you.leave it unchecked, and then you go ahead.and just update your address below; No. 5,.you're going to list the street address (or.in this case this is the principal office.address) of the LLC, and you're going to list.it again in No. 7, the address of the California.office..If your LLC is out-of-state, in No. 7, you.can list the street address..Down here, in No. 13, the address of the Registered.Agent, you can put that up here for your California.address if you don't have an address in the.State (hopefully that makes sense)..No. 8, you can skip over..No. 9, you're going to list the Names and.Addresses of the Member or the Members of.the LLC..No. 12, you'll list the name of the Registered.Agent..No. 13, you're going to list the address of.the Registered Agent..14, a brief description; and 15, you date,.print your name, your title, and then you.print out this form and sign the document..Alright, and that completes this Lesson..
