This is a warning, not a sales gimmick, and it affects
all Florida companies.
May 1st is the deadline for all for-profit
corporations in Florida to file their annual corporate report with the Florida
Department of State, Division of Corporations – also known as SunBiz.
Companies must pay a $150 fee when they file their annual
report by the May 1st deadline. If you miss the deadline you have to
pay a $400 late fee.
You have until Sept. 3 to file your annual report and
late fee. If you miss that deadline, your corporation will be dissolved by the
state. Many large companies and most government entities will only do business
with companies that are incorporated. Banks only open accounts with businesses
that are incorporated.
Don’t worry, the annual report is not a financial
statement. It’s used to confirm that your business (corporation) is still
functioning. The report is used to confirm and update your corporation’s officers, registered
office and mailing address.
Save yourself $400, don’t miss that May 1st
deadline.
***
This
post was written by David D. Porter, owner and principal at www.DavidPorterCommunications.com which produces the www.B2BFlorida.com website. David Porter Communications
provides video production and marketing services for small business in Orlando,
and throughout Central Florida.