Important Reminder – Deadline for Florida Businesses. And Then a Bit about Buying a Business or a Franchise.

Important Reminder – Deadline for Florida Businesses. And Then a Bit about Buying a Business or a Franchise.
busine, munns, annual, florida, limited, corporations, file, partnerships, information, legal

Let us save you, the readers, some valuable time with a TRULY IMPORTANT deadline reminder. The following appeared in this column on January 27, 2019 (…so no one can deny plenty of advance notice was given…).1

The Florida Annual Reports for corporations, limited liability companies, registered partnerships, and other business entities formed through the Florida Department of State – Division of Corporations are coming due. Before May 1. Or a non-waivable $400 penalty will be applied to non-compliant profit corporations, LLCs, limited partnerships, and limited liability limited partnerships. (The penalty does not apply to non-profit corporations, although they do have to file Annual Reports.) Or the company can be administratively dissolved.

Now who does not want to pay a $400 penalty?!?

There are no mailed reminders to file the Annual Report. Click here to file the Annual report, and have a form of payment ready. But first be sure to review the filing instructions.

One thing to keep in mind – The Florida Annual Report process is done completely online. So… also be sure to have a stable internet connection.

OK, one last thing. – The whole Annual Report filing process should only take about 10 to 15 minutes per business entity.

If “you” need help, please let “us” know. You can visit here if you do: Business Questionnaire Contact Form (And this writer’s direct contact information is below.)

1See https://www.boginmunns.com/two-2019-state-local-tax-matters-florida-businesses/ for the footnotes underlying that article.
2https://www.score.org/. Full disclosures: This writer participates with the Santa Fe College Center for Innovation and Economic Development (https://www.sfcollege.edu/cied/incubators/incubator-resources/index), is currently working with a SCORE representative on a business purchase, and has made a referral to that same SCORE representative to assist a small business. And a good deal of this writer’s day-to-day law practice is devoted to asset and equity business purchases and sales.
3In fact, SCORE is an SBA partner.
4See https://www.boginmunns.com/change-gonna-come-actually-three-changes/

To consult with an experienced business law lawyer today, call 855-686-6752

– For more information, call Philip N. Kabler of the Gainesville, FL office of Bogin, Munns & Munns at 352.332.7688, where he practices in the areas of business, banking, real estate, and equine law. He has taught business and real estate law courses at the University of Florida Levin College of Law and Warrington College of Business Administration. And is now the President-Elect of the Eighth Judicial Circuit Bar Association.

NOTICE: The article above is not intended to serve as legal advice, and you should not rely on it as such. It is offered only as general information. You should consult with a duly licensed attorney regarding your Florida legal matter, as every situation is unique. Please know that merely reading this article, subscribing to this blog, or otherwise contacting Bogin, Munns & Munns does not establish an attorney-client relationship with our firm. Should you seek legal representation from Bogin, Munns & Munns, any such representation must first be agreed to by the firm and confirmed in a written agreement.

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