Message from the Chair of the NCBA Business Law Section

By Ben Baldwin

Dear Members of the Business Law Section:

Yesterday (Tuesday, April 7, 2020) the office of the North Carolina Secretary of State advised registered agents of entities organized in North Carolina as follows:

“By law, most Annual Reports and fees are due April 15 for corporations, LLCs, and other business entities. Like many other state agencies, we do not have the statutory authority to extend an Annual Report filing date or associate fees. However, any Annual Reports and fees due on April 15, 2020 will not be considered delinquent until after June 15 (emphasis added). (This applies to corporate and some partnership entities with a fiscal year ending Dec. 31, 2019, and all LLCs).”

The office still encourages entities to file online by April 15 if at all possible. The guidance also stresses that filings must be up-to-date in order for entities to be eligible for relief under applicable stimulus packages.

Finally, the guidance directs entities to tutorial videos on the SOS website, if entities require assistance in filing annual reports or reinstating their businesses.

Ben Baldwin
NCBA Business Law Section 2019-2020