December 2, 2010
CONTACT INFORMATION: Terri McCoy, (406) 444-2807
Record Number of Businesses File Annual Reports Online in 2010;
Online Filings Save Time, Money, Resources for Businesses and State Government
HELENA - Secretary of State Linda McCulloch announced on Thursday that a record number of businesses filed Annual Reports online with the Secretary of State's Office in 2010 - saving time, money and resources for businesses and state government.
"Improving our online services has increased office productivity and made it easier for folks to do business in Montana," Secretary McCulloch said. "A record 90% of businesses benefited from this quality customer service in 2010."
More than 92,000 businesses filed their Annual Report online in 2010, compared to about 87,500 in 2009 and 82,000 in 2008.
The improvements in online filings are preceded by the office's new electronic alert system, which Secretary McCulloch launched in 2009 to remind business owners of both the deadline for filing the legally required financial report and the sensibility of filing the report online.
Businesses responded by not only increasing the number of online filings for Annual Reports, but also by increasing the number of online requests for documents and business actions.
"Time is money," Secretary McCulloch said. "Online services have helped the office reduce costs and provide customers a timely and convenient option for conducting business with the state."
Montana law requires Foreign and Domestic Corporations and Limited Liability Companies to file an annual financial report with the Secretary of State's Office. Businesses that fail to file the report on an annual basis lose the authority to legally operate in Montana.