By PBN Staff
PROVIDENCE â€“ More than 30,000 for-profit corporations in Rhode Island, ranging from car dealers to restaurants, have from Jan. 1 to March 1 to submit their annual reports.
Failure to do so can result in the revocation of the corporationâ€™s Certificate of Incorporation or Certificate of Authority; state law also includes fines for late filing, a news release said.
Corporations can file online, with their Customer Identification Number and Personal Identification number; by mail; or in person at the Secretary of Stateâ€™s Business Services Division at 148 West River St.
â€śOur customers have really embraced the upgrades we made. More than half the annual reports filed last year came over the Web,â€ť said Secretary of State A. Ralph Mollis. â€śWeâ€™re making it easier for companies to do business in Rhode Island.â€ť
The reports will be posted online so the public can search the database by the corporationâ€™s name, location, type of business, etc.
â€śThis transparency is consumer-friendly and ensures that the public has a place to turn for information about businesses,â€ť said Mollis. â€śFiling annual reports shows their commitment to openness. And that can make people thinking of doing business with them more confident.â€ť
There are 60,000 corporate entities registered to do business in Rhode Island.