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RCSG: Providing Key Support for Meeting All of Your Business’s Annual Filings
“Work on your business, not in your business.”
This is a saying that became popularized with the publishing of Michael Gerber’s The E-Myth Revisted in 1987. We believe that this saying sums up a lot of what RCSG provides to clients.
Work like annual reports or other regulatory filings are burdensome. They distract you from working on your business, developing opportunities, making new sales, moving projects forward.
It’s shockingly easy to get a notification that your annual report is due with your state’s department of business or Secretary of State, and put it goes in that pile of things to do later. It’s the kind of nagging paperwork that gets put off until you have time.
The big question is this: When are you going to have the time? When are you actually going to sit down and file the report? How much are you willing to pay in late fees, if they’re charged by your state? And are you really willing to part with the money needed to restore your LLC, S-Corp or C-Corp if you fail to file and your business is inactivated or made dormant?
This doesn’t even discuss the opportunity cost. That’s the “working on your business not in your business” part of the equation. How much will it cost you to take the time to file a report with the state? That time certainly has a dollar value attached to it. And if not filing holds up a deal, how much will that set you back?
This is why RCSG represents great value for your dollar. We don’t need to get a reminder to file your paperwork. We are ahead of the calendar for our clients. We complete these filings accurately, cleanly and on time. That’s something we assure our clients will get done.
If we need information from you, we will find a mutually agreeable time and have a neat list of things we will need to reduce the time you have to put in. In some cases, we will need to confirm things like a workman’s compensation insurance policy that is held by your company. These are quick calls that we can typically complete with clients in minutes.
RCSG then handles the tedious work of filing your reports, and gets you set up for the next cycle. And if you are a company that uses LLCs for a variety of different projects, like real estate developments, RCSG has no problem meeting your most demanding needs.
This is part of the work of a registered agent. In fact, those notifications that you could be receiving for filings for your LLC, S-Corp or C-Corp can easily be assigned to RCSG. As a registered agent in New York, New Jersey, Pennsylvania, Florida and Delaware, we can function as your representative to the state. When the state government has questions, we can handle them.
If you desire the lightest touch in terms of being informed about this, we can just send you a simple email notification of the work done, the date that it was done, and any receipts necessary. The costs of these filings are generally tax deductible or can be applied against the revenue generated by a project.
RSCG is your business forward corporate services partner. We offer a wide variety of cost-friendly services ranging from paralegal to notary public to compliance support. We are based in Staten Island, New York, but we also operate in New Jersey, Pennsylvania, Delaware and Florida. Call us today at 718-336-7274 [or 718-336-RCSG] or fill out the form linked here to further explore the services we offer. We are confident you will be very impressed with what RCSG offers.
Frequently Asked Questions
Does Richmond Corporate Services Group proactively track my compliance/filing deadlines or does my company need to ask you to perform those services?
Part of the service provided by RCSG is to track your company’s compliance/filing deadlines and to proactively prepare the appropriate forms. Unless we have an agreement that states otherwise in place, we want our clients involved in this process to ensure we are not making filings for LLCs, PLLCs, S-Corps or C-Corps that have made organizational changes.
We are a multi-state operation. Does Richmond Corporate Services Group offer management of annual filings across multiple states?
Yes, provided you are in the states where we have locations: New York, New Jersey, Pennsylvania, Delaware and Florida. Doing work for a client with projects set up under multiple LLCs in different states is part of what we do. There are tremendous advantages for companies to have consolidated compliance operations under a single corporate service firm, like RCSG.
Does RCSG’s filing service also include tracking and registering changes that are involved with the federal Corporate Transparency Act’s Beneficial Ownership Information?
Richmond Corporate Services Group will handle federal BOI requirements to keep your firm in compliance with the Corporate Transparency Act. Your firm will need to update us on any ownership or structural changes that occur with your company, and we will update your information. We will also track your BOI status as part of our annual maintenance package.
Can RCSG quickly provide a Certificate of Good Standing if one is requested by lenders or investors?
Richmond Corporate Services Group does everything in an expedient manner, meaning that “rush” fees are included, unless it is a special case. As a group founded by a paralegal, we are experienced with providing document search services, and we are usually able to furnish certificates in 48 hours from state agencies.
If we have informational changes in our company details, does RCSG handle the amendments with the appropriate state agencies?
Richmond Corporate Services Group provides a comprehensive service, and we handle filings for registering all company amendments with the appropriate state agencies. Some of these services can involve additional filing or one-time legal fees, but much of the work is covered in our annual agreement with your company.
What happens if a filing deadline is missed due to an error on your end?
The Intent: Risk management and liability. Late filings carry heavy penalties (often $125 to $200 plus compounding interest) and can cause a company to lose its “Good Standing” status. Buyers ask this to ensure the firm has a clear liability policy, guarantees timely filing, and carries Errors and Omissions (E&O) insurance.