PA Act 122: New Annual Report Requirements for 2025

Pennsylvania Act 122 introduces mandatory annual reporting for all Pennsylvania entities starting in 2025. This guide covers everything you need to know to stay compliant.

What is Act 122?

Act 122 of 2022 amended Pennsylvania's business entity laws to require annual reports from all domestic and foreign entities registered in Pennsylvania. This brings Pennsylvania in line with most other states.

Who Must File?

• Pennsylvania LLCs
• Pennsylvania Corporations
• Foreign entities registered in PA
• Limited Partnerships
• Professional entities (PLLCs, PCs)
• Nonprofit corporations

Annual Report Requirements

Information Required:

• Current principal office address
• Registered agent name and address
• Names and addresses of officers/members
• Brief description of business activities
• Entity's email address

Filing Deadlines & Fees

Consequences of Non-Compliance

• Administrative dissolution: Entity loses good standing
• $500 penalty: Applies immediately after deadline
• Loss of legal protections: Personal liability exposure
• Cannot transact business: Banks may freeze accounts
• Reinstatement costs: Additional fees to restore status

How to Prepare for Act 122

1. Update records: Ensure all entity information is current
2. Set reminders: Mark April 15th in your calendar
3. Gather information: Collect required data in advance
4. Budget for fees: Include $70 annual fee in budget
5. Consider professional help: Ensure accurate filing

Act 122 Filing Options

• Direct filing: File yourself through PA Department of State
• Professional service: Have experts handle compliance
• Registered agent inclusion: Some agents include filing

Special Considerations

First-year entities formed after January 1st may have prorated requirements. Foreign entities must also comply if doing business in Pennsylvania.