Apr 202016
For corporations using a calendar fiscal year, it’s that time of the year again to file annual reports, and as deadlines draw near, finding the most efficient way to do this becomes a relevant concern.
Under current rules implementing Section 141 of the Corporation Code, there are two basic reports which a regular corporation is required to submit to the Securities and Exchange Commission (SEC) on an annual basis: 1) General Information Sheet (GIS) and 2) Audited Financial Statements (AFS) for the preceding fiscal year, stamped received by the Bureau of Internal Revenue.