The Florida Division of Corporations no longer waiving late fees for annual reports

The Florida Division of Corporations no longer has authority to waive the $400 late fee for annual reports filed after May 1st.

The provision for waiver in s. 607.193(2)(b),F.S. was repealed during the 2010 Legislative Session. Now, all business entities except non-profit corporations must pay the late fee if the annual report is filed after May 1st.

If the report is filed by May 1st, the Annual Report filing fee is $150 for a profit corporation (plus $8.75 for a certificate of status), $61.25 for a not for profit corporation (plus $8.75 for a certificate of status), $138.75 for a limited liability company (plus $5 for a certificate of status), and $500 for a limited partnership or limited liability limited partnership (plus $8.75 for a certificate of status).

In order to maintain a good standing status, companies that missed the due date, are now required to pay a late fee of $400.00  This fee was waived in the past when the companies stated that they had not received prior notification about this reporting duty.

Business owners will have to be more responsible at the time of maintaining their companies in good standing, which is necessary to keep enjoying the limited liability derivated of doing business as a registered entity.

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About Roberto Neuberger

Entrepreneur with passion for online business. Focus on product development and market deployment of internet based services.
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