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The document provides instructions for completing the Statement of No Change (Form SI-550 NC) for California corporations, detailing filing requirements, eligibility criteria, fees, and processing information. It specifies that this form can be used by California stock, agricultural cooperative, and registered foreign corporations if there have been no changes since the last filed Statement of Information. The document outlines the necessary steps to file online or by mail, as well as penalties for late submissions.

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Who has to file form 550?

The employer maintaining the plan or the plan administrator of a Pension or Welfare benefit plan covered by ERISA. File Form 5500 to report information on the qualification of the plan, its financial condition, investments and the operations of the plan.

Do I need file SI 550 every year?

When to file corporate Statement of Information. Corporations registered in California are required to file an initial Statement of Information using form SI-550 and then file again every year during a specific six-month filing window that is based on the corporations original registration date.

What happens if you dont file a 5500?

The IRS penalty for late filing of a 5500-series return is $25 per day, up to a maximum of $15,000.

Who has to file a statement of Information in California?

Every corporation and limited liability company is required to file a Statement of Information either every year or every two years as applicable.

What is form 550 used for?

More In Forms and Instructions Publication 550 provides information on the tax treatment of investment income and expenses, including information for individual shareholders of mutual funds or other regulated investment companies, such as money market funds.

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Who counts as a participant for 5500?

The new participant counting methodology The new rules state that for plan years beginning on or after January 1, 2023, only participants with account balances at the beginning of the year will be counted. It is important to note that this includes retired, deceased or separated employees with assets in the plan.

What is the purpose of the form 5500?

The Form 5500 Series is part of ERISAs overall reporting and disclosure framework, which is intended to assure that employee benefit plans are operated and managed in ance with certain prescribed standards and that participants and beneficiaries, as well as regulators, are provided or have access to sufficient

What is a form SI 550?

Statement of No Change - Form SI-550 NC, if. no changes have occurred in any of the. information contained in the previous. complete Statement of Information filed with. the California Secretary of State.

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