Everything You Need to Know About Pennsylvania Act 122 of 2022 – New Reporting Requirements for Businesses Beginning in 2025
On November 3, 2022, former Pennsylvania Governor Wolf signed Pennsylvania Act 122 into law. Act 122 amended the Pennsylvania Business Corporation Law of 1988 (BCL), and, most notably, provides for new mandatory annual report filing for businesses registered in the Commonwealth. Until the passage of Act 122, Pennsylvania was one of the few states that […]