Business & farm


@Carl wrote:

I'm not sure on the day count, but I think once a yearly filing is more than 30 days past due, the business is considered abandoned and the status is changed to Inactive. The penalty payment to re-instate after missing the May 1 deadline is quite high also. About three times the filing fee.


The fee for a late filing is steep - $400 after May 1st. However, not much happens until sometime in September if an annual report is not filed. After that time, the state, as is the case in almost all other states, will administratively dissolve the entity.