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Changes to information contained in a previously filed statement can be made by filing a new form, completed in its entirety. Statutory filing provisions are found in California Corporations Code section 17060, unless otherwise indicated.
ing to California state law, all California corporations, nonprofits, and LLCs must file a California Statement of Information also called an annual report. These statements must be filed with the California Secretary of State each year OR every other year depending on what type of business you own.
What is form Si-550 California? In essence, the California form SI-550 is a document that must be filed by stock corporations, foreign corporations, or agricultural cooperatives to ensure that they declare the mandatory information required by the State of California.
In California a businesss annual report is called the Statement of Information. Its a required filing that keeps the state updated with information about participants in the company. It must be filed on time, and the penalty for being late is hefty: $250, versus the filing fee of up to $25.
The purpose of an SOI is to keep up-to-date information about an LLC and alert the state to any changes in the LLCs CEO, Registered Agent, address, and officers, members, and managers addresses and names.
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In addition, any time there are information changes in between statutory filing periods, an updated statement should be filed. For faster service file Statements of Information, Common Interest Development Statements and Publicly Traded Disclosure Statements online at bizfileOnline.sos.ca.gov.

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