Trying to save you $400

 

This is a warning, not a sales gimmick, and it affects all Florida companies.

May 1^st 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 1^st 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.

For more information on filing your annual corporate report, visit www.sunbiz.org.

Save yourself $400, don’t miss that May 1^st deadline.

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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.