Legal Question in Business Law in Massachusetts
private corporation law
Is a privately held corporation required to issue annual reports?
3 Answers from Attorneys
Re: private corporation law
In California, a small corporation which is not publicly held does not have to prepare and file an annual report. Its bylaws may require it to make reports to its shareholders, however. In addition, every corporation authorized to do business in California must file an annual statement of officers and directors with the Secretary of State. Finally, shareholders have statutory rights of inspection of the company's books and records. See Corporations Code section 1600 et seq.
Re: private corporation law
No.
Re: private corporation law
Only with the Internal Revenue Service and the Califoronia Board of Equalization. No one else requires a financial report.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
