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CPA Canada Fiscal Year 2024 Modern Slavery Report April 1, 2023 to March 31, 20241.0 Introduction This report is prepared by the Chartered Professional Accountants of Canada (CPA Canada or we or us)
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The first annual report typically provides an overview of a company's performance and activities over its initial year of operation, including financial statements, management discussions, and disclosures.
Typically, corporations, LLCs, and certain nonprofits are required to file their first annual report after their formation or incorporation, as mandated by state regulations.
To fill out the first annual report, an entity must provide necessary information such as business name, address, names of directors or members, and financial data, and then submit the completed form to the appropriate state agency.
The purpose of the first annual report is to provide the state with updated information on the business, ensure compliance with state laws, and maintain good standing.
The report typically requires information like the entity's name, principal business address, names and addresses of officers or directors, and a summary of financial activities.
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