KEEPING YOUR ENTITIES UP TO DATE IS IMPORTANT
THE CORPORATE MAINTENANCE PROGRAM
KEEPING YOUR ENTITIES UP TO DATE IS IMPORTANT
Program includes:
-
Filing your annual reports with the State
- Preparing your annual minutes
- Keeping your stock and LLC certificates/ledgers up to date
- Preparing certificate transfers
- Keeping your corporate kit current
- Issuing the required Florida documentary stamps on your certificates
WHAT KIND OF ENTITIES ARE COVERED?
- For Profit Corporations
- Not for Profit Corporations
- LLPs
- LLCs
- Limited Partnerships
WHY DO YOU NEED TO KEEP ALL OF THIS UP TO DATE?
- It is required by Florida Law
- If you fail to follow the proper formalities and keep your entities up to date:
- The State may administratively dissolve your entity (without your knowledge)
- In a lawsuit where the entity is a defendant, a judge may disregard the entity and hold the owners personally liable
- You may lose valuable estate and gift tax transfer benefits;
- You may suffer penalties if audited by the IRS