It’s 2021, so that means it’s time for Pennsylvania businesses and organizations to get their decennial filings ready. Every ten years, Pennsylvanian entities must submit a decennial filing or decennial report during the years ending with the numeral “1”, (i.e., 2011, 2021, 2031). The objective of these filings is for the state to reissue names that are no longer being used. This requirement applies to virtually all for profit and nonprofit, entity and organization types, that have not made any new or amended filings with the Bureau of Corporations and Charitable Organizations between January 1, 2012 and December 31, 2021.
Businesses or nonprofits required to file decennial reports should receive a postcard dated January 15, 2021. However, failure to receive this postcard does not relieve a party of its obligation to make its decennial filing. If a notice is not received, additional information can be found on the Pennsylvania Department of State website. There is a $70 filing fee that must be submitted with the official form, the Decennial Report of Association Continued Existence.
Any entities that fail to file a decennial report between January 1, 2021 and December 31, 2021 will no longer have exclusive use of their names after January 1, 2022. Even though the entity itself will continue to exist, the name will become available for any other entity to use while conducting business within Pennsylvania.
For assistance with filing your Decennial Report or any questions related to corporate compliance, please contact of our of Corporate, Business & Banking attorneys.