Remember the all the buzz regarding proposed Annual Report changes in WA State? Good news – your voices were heard!! Our team at CORPSMART™ took an active approach in protecting our clients’ best interest and ultimately, the Washington State House Bill 2989 did not pass.
According to the Washington Sec of State representative, “its three previous versions did not pass through the legislature this session. It made it as far as the house floor, but did not get a vote”.
This new legislation would have prevented any annual report filings including nonprofits to be filed with the Secretary of State; directing all annual report filings to be filed with Business Licensing. This could have affected your business as costs would increase for all the companies to perform these filings. In addition, the second bill was set to increase the cost of annual reports that do get filed with Business Licensing Services in an effort to make up some money.
If you have any questions regarding Annual Report services, please reach out to our team at CORPSMART™ at 800-737-8012 for further information or to have us prepare a quote to manage your Annual Report requirements throughout the nation.