By HuiLin Bai
In Florida, Florida business entities and foreign business entities which are authorized to do business in Florida must file Annual Report each year to maintain “active status.” Annual Report is due between January 1 and May 1 each year. A $400 late fee will be charged if a company files its Annual Report after May 1. If a company fails to file its Annual Report before the third Friday in September, the company will face administrative dissolution.
Additionally, Chapter 605 states that a limited liability company or foreign limited liability company that fails to file an Annual Report may not maintain or defend any action in a court of Florida until the report is filed and all fees and penalties due are paid, and shall be subject to dissolution or cancellation of its certificate of authority to transact business in Florida.