• Time to Submit 2010 Annual Report for Florida Businesses
  • March 31, 2010 | Author: Scott P. Swope
  • Law Firm: Swope & Bright, P.L. - Clearwater Office
  • The 2010 annual reports for Florida corporations and limited liability companies are due no later than May 1.  Companies that fail to timely file their annual report will be assessed a $400 penalty.  The filing of an annual report is a great time to update a company’s officers and directors with the Secretary of State.  Companies should be sure to hold annual shareholder meetings or have corporate resolutions that comply with Florida law.  Failure to maintain proper corporate formalities is a factor in determining whether a corporation’s owners should held personally liable for corporate debts.  Annual reports can be filed online at www.sunbiz.org.