Welcome to Compliance Dos & Don’ts, where experts share their licensing and compliance knowledge. Today, Insurance Licensing Services of America, Inc. (ILSA) Annuals & Corporates Manager, Sabrina Slater, shares her dos and don’ts for catching up on past-due Secretary of State annual reports. Her secret for success: understand the full scope of your corporate compliance obligations. And remember, just because you’re not actively doing business in a state doesn’t mean you don’t need to file annual returns.
And if you only learn one thing from this podcast, let it be this: Don’t ever ignore a notice from the Secretary of State about past-due annual reports. Respond immediately and ask for guidance, if needed.