Home Blog Form SI-550 (What It Is And How It Works: All You Need...

Form SI-550 (What It Is And How It Works: All You Need To Know)

What is Form SI-550?

Why do you need to file the California Form SI 550?

How does it work?

Keep reading as I have gathered exactly the information that you need!

Let me explain to you what is CA Form SI 550 and what it’s all about!

Are you ready?

Let’s get started!

What Is Form SI-550

Form SI-550 refers to a form called “Secretary of State Statement of Information” applicable to California stock, an agricultural cooperative, and foreign corporations.

The main reason why an SI-550 online or paper form will be required to be completed is to ensure that the California Secretary of State has the latest and most accurate information about your business.

Typically, the information that the CA State requires is:

  • The name of your business entity
  • The name of its directors and officers
  • The place of business and mailing address 
  • The nature of your business operations

Companies must ensure they file their California Form SI-550 to remain in good standing with the state.

Who Must File A Form SI-550

Here is the list of who must complete a Form SI-550 in California:

  • Domestic stock corporations formed in California
  • Foreign corporations registered in California 
  • Agricultural cooperatives 

If any corporation transacts business in the State of California, they must ensure they get registered with the Secretary of State.

Once registered, corporations in California will then need to regularly file their Form SI 550 to maintain a good status.

How Form SI-550 Works

Every corporation registered in the State of California who is either formed there or registered there as a foreign entity, along with agricultural cooperatives, must file an SI-550 to report any changes to their declared company information.

If the company does not have any changes to report, the Form SI-550NC can be used (where “NC” refers to “No Change”).

Status of Corporation

You can only file an SI 550 California or SI 550 NC if you have a registered entity that has an active status or a suspended/forfeited status on record.

To verify the status of your business entity, you can use the California Business Search tool to look it up.

If your company status is suspended or forfeited, you must resolve your status before being able to file your SI 550 form.

Fees

Here are the Statement of Information SI 550 fees:

  • Initial filing: $25
  • Periodic filing (yearly): $25

If you file your SI-550 form before the next required due date but after the initial or required filing requirements have been met, there will be no fees charged.

Processing

You can get the processing delays by going to the California Secretary of State “current processing dates” page.

If you want your SI-550 or SI-550 NC to be processed faster, you should consider submitting them online.

Cover Sheet

To make communications easier with the state, you have the option to include a submission cover sheet.

When To File An SI-550 Form

In essence, every California stock company, an agricultural cooperative, and foreign corporation registered in California are required to file the SI 550 with the California Secretary of State:

  • Within 90 days following their registration for the first time 
  • Then, every year based on the entity’s registration date

The filing period for entities represents their registration month and the five months prior to the registration month.

In essence, there is a statutory required 6-month filing window that corporations have to file their SI-550 form.

Form SI-550 Content

Here is the nature of the information that you’ll need to provide in the California Form SI 550:

  • Corporation Name
  • 7-Digit Secretary of State Entity Number
  • Business Addresses
  • Officer names (CEO, Secretary, CFO)
  • Director names 
  • Information about who will receive service of process 
  • Type of business you operate

State of California Resources

Here are some useful information, links, and resources to help you with your Form 550.

If you need to maile your SI-550 Form to the Secretary of State, you should use the following address:

California Secretary of State
Statement of Information Unit
P.O. Box 944230
Sacramento CA 94244-2300
Author

You can also drop off your documents at:

California Secretary of State
Business Program Division
1500 11th Street
Sacramento CA 95814
Author

Form SI 550 Takeaways 

So there you have it folks!

What is a SI 550 Statement of Information form?

Where can you access the SI 550 online?

How does it work?

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.

I hope you now have a better understanding of what is Form SI 550 Statement of Information, why it’s necessary, and how it works.

Good luck!

My Investing, Business, and Law Blog

By the way, on this blog, I focus on topics related to starting a business, business contracts, and investing, making money geared to beginners, entrepreneurs, business owners, or anyone eager to learn. 

I started this blog out of my passion to share my knowledge with you in the areas of finance, investing, business, and law, topics that I truly love and have spent decades perfecting.

You may find useful nuggets of wisdom to help you in your entrepreneurship journey and as an investor.

Hey You!
Looking For Real Actionable Tips To Reach Your Financial And Business Goals?

If you’re interested in my actionable tips, guides, and knowledge on how to achieve your financial and business goals, subscribe to my blog and I’ll share with you my premium and exclusive content that will blow you away!

I’d love to share the insider knowledge that I’ve acquired over the years helping you achieve your business and financial goals.

Now, let’s look at a summary of our findings.

Form SI-550 Overview

  • The California SI 550 form refers to a form called the “Statement of Information” that all corporations in California, domestic or foreign, along with agricultural cooperatives must file
  • The form is filed for the first time within 90 days of the creation of the company or its registration with the State of California then it must be filed on a yearly basis
  • Companies must file their Secretary of State Form SI 550 to ensure they remain in good standing with the state
  • The form can be filed online or you can complete a PDF version to send it to the Secretary of State in California for processing 
Annual report 
California business search 
California LLC search 
Capital stock California 
Certificate of good standing 
Certificate of incorporation 
Domestic partnership California
Form SI-100
Form SI-550NC
Incorporation guide
INC meaning 
IRS 550
Letter of good standing 
Limited liability protection 
LLC-1 Form
LLC-5 Form 
LLC-12 Form
LTD meaning
Pass-though entity 
Private equity entity 
Registered agent California
Shareholder vs director 
Statement of information California
Author
Biennial statement 
Business name
Business plan 
C Corp vs S Corp
C-corporation 
California SOS
Capital stock 
Certificate of filing 
Certificate of formation 
Close corporations
De facto corporation 
Delaware corporation
Double taxation 
Meeting minutes 
Minute book 
Professional corporation 
Registered agent 
Reincorporation 
S Corp vs LLC
S-corporation
Shareholder agreement 
Social security number
Unincorporated business 
Types of businesses
Author
Editorial Staff
Hello Nation! I'm a lawyer by trade and an entrepreneur by spirit. I specialize in law, business, marketing, and technology (and love it!). I'm an expert SEO and content marketer where I deeply enjoy writing content in highly competitive fields. On this blog, I share my experiences, knowledge, and provide you with golden nuggets of useful information. Enjoy!

Most Popular

What Is A Special Purpose Entity (All You Need To Know)

What Is A Special Purpose Entity (Explained: All You Need To Know)

What Is Corporate Raiding (Explained: All You Need To Know)

What Is Corporate Raiding (Explained: All You Need To Know)

What Are Golden Shares (Explained: All You Need To Know)

What Are Golden Shares (Explained: All You Need To Know)

What Is A Targeted Repurchase (Explained: All You Need To Know)

What Is A Targeted Repurchase (Explained: All You Need To Know)

What Is A Friendly Takeover (Explained: All You Need To Know)

What Is A Friendly Takeover (Explained: All You Need To Know)

Editor's Picks

Business’s or Businesses (Explained: All You Need To Know)

Business's or Businesses (Explained: All You Need To Know)

Administrative Dissolution (Explained: All You Need To Know)

Administrative Dissolution (Explained: All You Need To Know)

Qualified Investor (Definition: All You Need To Know)

Qualified Investor (Definition: All You Need To Know)

Capital Outlay (Definition, Examples And Why It’s Important)

Capital Outlay (Definition, Examples And Why It’s Important)

Sever Ties Meaning In Business (Explained: All You Need To Know)

Sever Ties Meaning In Business (Explained: All You Need To Know)