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What does an initial report do?

An initial report is a report that you file at the initial formation of your business that includes basic information about your business. Initial reports typically include: The name and address of the registered agent. The name and address of your business.

What is required in a corporate annual report?

An annual report typically includes a business's name and address, the state in which the company was formed, a list of officers and directors, all business activities conducted within the state during the fiscal year, and name and contact information for the registered agent.

What is an initial annual report?

Initial reports are exactly what they sound like \u2013 reports filed at the beginning of the formation of a Corporation or LLC, or shortly thereafter. Different states have different requirements, but the basic information included in an initial report for any state is typically the same.

Why initial report is important?

Serving as the basis in a criminal investigation, the initial report guides the investigator with regard to date, time, and location. It should contain a list of witnesses and how to contact them.

What is a Cl-1 South Carolina?

Foreign corporations must submit an Application for a "Certificate of Authority to Transact Business in South Carolina" and related documents to the Secretary of State. Form CL-1 Initial Annual Report of Corporations must be submitted by both domestic and foreign corporations to the Secretary of State.

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