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Video instructions and help with filling out and completing Florida department of revenue
Welcome to the annual report video lesson what is an annual report the annual report is used to keep your business records updated with a division of corporations an annual report must be filed each year for your business to maintain an active status the annual report is required each year what do you need to make changes or not when is the annual report due the report must be filed every year and it is due between January 1st and May first a non-negotiable $400 late fee is imposed if you forget to file your annual report by May 1st if this is your first year filing an annual report annual reports are due between January 1st and May 1st of the calendar year following the year of formation for example if your LLC was formed on April 1st 2022 your first annual report will be due between January 1st and May 1st of 2022 how much does the report cost if your LLC's annual report is filed before May 1st the fee is one hundred and thirty eight dollars and seventy five cents if you file after May 1st you will be charged the non negotiable late fee of four hundred dollars and you will end up paying five hundred and thirty eight dollars and seventy five cents since you have between January 1st and May 1st to file we recommend filing as early as possible so that you are not late the division of corporations does send out annual report and reminder notices to the email address you listed when you formed your LLC but even if you don't receive the reminder notice it is still your duty to file we recommend setting a repeating reminder on your phone email or Outlook calendar so that you can be automatically reminded each year or when it's time to make your new year's resolutions it's also time to file your annual report what happens if I don't file failure to file an annual report by the third Friday of September will result in the administrative dissolution or navigation of your LLC simply put they will shut down your LLC LLC's that have been administratively shut down may be reinstated by submitting the proper paperwork and necessary fees however the names of these shut down LLC's will be made publicly available to new businesses after one year said another way if you wish to stay in business don't forget to file your annual report can I make changes on the report yes the purpose of the annual report is to confirm or update your records with a division of corporations the annual report will allow you to add delete or change the names and/or addresses of the LLC members change the registered agent and registered agents address change the principal office address and/or mailing address of the LLC and add or change your EIN employer identification number also known as your federal tax ID number the annual report will.