A report must be filed with the California Secretary of State within 90 days after filing original articles, and every year thereafter in the applicable filing period. This report must include information on directors and officers, the corporation’s general business activity, and additional details for corporations which are traded publicly. A $5 statement disclosure fee must be submitted with this filing.
The board must send an annual report to all shareholders no later than 120 days after the close of the fiscal year, and if not waived, at least 15 days prior to the annual shareholders meeting. The annual report describes the financial position of the corporation for the fiscal year, as well as all of its large transactions, indemnifications and advances made.