If you conduct business in Pennsylvania, there is a new annual report requirement starting 2025.
Legal Background
The new annual reporting requirement for Pennsylvania business entities was established by Act 122 of 2022, which was signed into law by Governor Tom Wolf on November 3, 2022. This legislation introduced significant amendments to Title 15 of the Pennsylvania Consolidated Statutes, commonly known as the Associations Code. The changes took effect on January 2, 2023, with the annual reporting requirement becoming mandatory starting January 1, 2025 .
Who has to comply – Domestic and foreign businesses such as corporations, LLCs, LLPs, etc.
Deadline – It depends the type of entity and if domestic or foreign, see points below:
- Corporations (business and nonprofit), domestic and foreign – June 30
- Limited liability companies (LLCs), domestic and foreign – September 30
- Limited partnerships (LPs), limited liability partnerships (LLPs), business trusts, professional associations, domestic and foreign – December 31
How to file – Highly recommended to file online https://file.dos.pa.gov/ Login into the website (use your username and password, or register), find your company in the business search, click on file annual report, input the required entity information and pay the $7 fee (unless you are a non for profit – no fee).
Failure to file – From 2027, if you do file, your entity might be dissolved, cancelled or terminated depending the type of entity and if domestic or foreign.
Note that this PA requirement is separate to the BOI established at the Federal level (FinCen). As of the date of this post, since March 2025, the BOI is no longer applicable to U.S. companies and U.S. persons.
As the 2024 tax season is over (Jan to April 2025), in the last few days, we have been addressing questions and helping on this filing for our PA business clients. If you have any inquiries on this subject, please, reach out to our team of CPAs and other tax professionals.
