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Annual Report

Understanding the Annual Report

Daniel Frazee avatar
Written by Daniel Frazee
Updated over 10 months ago

The annual report is due each year before April 1 beginning the following calendar year the entity is formed in Próspera ZEDE.

Some additional information, about the annual report has been extracted from the legal code and pasted below:

(a) Each domestic nonprofit corporation, and each foreign nonprofit corporation authorized to conduct activities in Próspera ZEDE, must deliver to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) for filing an annual report that sets forth:

(1) the name of the corporation and the jurisdiction or country under whose law it is incorporated;

(2) the address of its registered office and the name of its registered agent at that office in Próspera ZEDE;

(3) the address of its principal office; and

(4) the names and business addresses of its directors and principal officers

(b) Information in the annual report must be current as of the date the annual report is signed on behalf of the nonprofit corporation.

(c) The first annual report must be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the year following the calendar year in which a domestic nonprofit corporation was incorporated or a foreign nonprofit corporation applied for a certificate of authority under [Chapter] 15. Subsequent annual reports must be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the following calendar years.

(d) If an annual report does not contain the information required by this section, the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) may deliver a notice in the form of a record to the reporting domestic or foreign nonprofit corporation and return the report to it for correction. If the report is corrected to contain the information required by this section and delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) within 30 days after the effective date of notice, it is deemed to be timely filed.

For profit corps

(a) Each domestic corporation shall deliver to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) for filing an annual report that sets forth:

(1) the name of the corporation;

(2) the street and mailing address of its registered office and the name of its registered agent at that office in Próspera ZEDE;

(3) the street and mailing address of its principal office;

(4) the names and business addresses of its directors and principal officers;

(5) a brief description of the nature of its business;

(6) the total number of authorized shares, itemized by class and series, if any, within each class; and

(7) the total number of issued and outstanding shares, itemized by class and series, if any, within each class.

Foreign corps

(b) Each foreign corporation registered to do business in Próspera ZEDE shall deliver to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) for filing an annual report that sets forth:

(1) the name of the foreign corporation and, if the name does not comply with section 4.01, an alternate name as required by section 15.06;

(2) the foreign corporation’s jurisdiction of formation;

(3) the street and mailing addresses of the foreign corporation’s principal office and, if the law of the foreign corporation’s jurisdiction of formation requires the foreign corporation to maintain an office in that jurisdiction, the street and mailing addresses of that office;

(4) the street and mailing addresses of the foreign corporation’s registered office in Próspera ZEDE and the name of its registered agent at that office;

(5) the names and business addresses of its directors and principal officers; and

(6) a brief description of the nature of its business conducted in Próspera ZEDE.

(c) Information in the annual report must be current as of the date the annual report is signed on behalf of the corporation.

(d) The first annual report shall be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the year following the calendar year in which a domestic corporation was incorporated or a foreign corporation was registered to do business. Subsequent annual reports shall be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the following calendar years.

(e) If an annual report does not contain the information required by this section, the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) shall promptly notify the reporting domestic or foreign corporation in writing and return the report to it for correction. If the report is corrected to contain the information required by this section and delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) within 30 days after the notice from the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) becomes effective as determined in accordance with section 1.41, it is deemed to be timely filed.

(a) Each domestic corporation shall deliver to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) for filing an annual report that sets forth:

(1) the name of the corporation;

(2) the street and mailing address of its registered office and the name of its registered agent at that office in Próspera ZEDE;

(3) the street and mailing address of its principal office;

(4) the names and business addresses of its directors and principal officers;

(5) a brief description of the nature of its business;

(6) the total number of authorized shares, itemized by class and series, if any, within each class; and

(7) the total number of issued and outstanding shares, itemized by class and series, if any, within each class.

(b) Each foreign corporation registered to do business in Próspera ZEDE shall deliver to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) for filing an annual report that sets forth:

(1) the name of the foreign corporation and, if the name does not comply with section 4.01, an alternate name as required by section 15.06;

(2) the foreign corporation’s jurisdiction of formation;

(3) the street and mailing addresses of the foreign corporation’s principal office and, if the law of the foreign corporation’s jurisdiction of formation requires the foreign corporation to maintain an office in that jurisdiction, the street and mailing addresses of that office;

(4) the street and mailing addresses of the foreign corporation’s registered office in Próspera ZEDE and the name of its registered agent at that office;

(5) the names and business addresses of its directors and principal officers; and

(6) a brief description of the nature of its business conducted in Próspera ZEDE.

(c) Information in the annual report must be current as of the date the annual report is signed on behalf of the corporation.

(d) The first annual report shall be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the year following the calendar year in which a domestic corporation was incorporated or a foreign corporation was registered to do business. Subsequent annual reports shall be delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) between January 1 and April 1 of the following calendar years.

(e) If an annual report does not contain the information required by this section, the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) shall promptly notify the reporting domestic or foreign corporation in writing and return the report to it for correction. If the report is corrected to contain the information required by this section and delivered to the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) within 30 days after the notice from the Registrar of the Próspera Entity Registry or Registrar (or any designee of the authority of the Registrar) becomes effective as determined in accordance with section 1.41, it is deemed to be timely filed.

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