Tuesday, September 25, 2012

Avoid Administrative Dissolution or Revocation

Yes we have called and emailed and shouted about this for months, but there are still a few business owners who have not filed your annual report. The original deadline of May 1st has obviously passed and the very final deadline is quickly approaching.  If you do not file by this final deadline of Friday, September 28th, your business will be dissolved or revoked. To reinstate a business is expensive and time consuming.

Avoid having your business administratively dissolved or revoked by filing your annual report by 5pm this Friday, September 28th, if you have not yet done so. Filings can be submitted directly on the Sunbiz website. Access to this website will not be available from 5 pm Friday, September 28th, until 8 am Monday, October 1st, for any electronic activity.

If you file between now and Friday, there will be a $400 penalty fee. It gets worse after Friday at 5pm. Any businesses that fail to submit annual reports by this deadline must file for reinstatement in order to continue doing any business.  The fee to file for reinstatement can be up to $750 or more. The longer you are inactive, the more it will cost.

If you took care of this by May 1st this post does not apply to you. We never want our clients to pay unnecessary fees or be caught working without being properly setup with the state. Feel free to contact us if we can assist you in any way with annual report filing or reinstatement. 

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