You may list an effective date if you would like the corporation´s existence to become effective on a date other than the date it is filed by this office. The effective date can be up to 5 business days prior to the date of submission or up to 90 days after the date of receipt. The entity´s first annual report form will be due January 1st of the calendar year following the year of formation. If a corporation is created late in the calendar year and it doesn´t expect to commence business until on or after January 1st of the upcoming calendar year, it should add an effective date of January 1 for the coming year. If the effective date is in the next calendar year, it will delay the requirement to file an annual report until the following calendar year. Example: A corporation is formed December 1, 2007. If it added an effective date of January 1, 2008, the first annual report would not be due until January 1, 2009. If a 2008 effective was not listed, the first annual report would be due January 1, 2008.