You're on the State of Florida Department of Corporations Website and you read the words, "ADMIN DISSOLUTION FOR ANNUAL REPORT."

You have a ton of unanswered questions. Am I still legally protected? How will this affect me? How much will this cost?

Stop! Take a deep breath. This can be fixed.

Here are some answers to the most common questions.

What does this mean?

If your Florida LLC has this status, then it means that you are not legally able to conduct business in Florida, BUT, THIS STATUS CAN BE CHANGED.

How did this happen?

Your business registration was terminated because you failed to file your annual report. All Florida LLC's must file an annual report by May 1st of each year. After May 1st, a $400.00 Late fee. If you do not file an annual report by the third Friday of September, your business entity will be administratively dissolved or revoked in our records at the close of business on the fourth Friday of September

Can you fix it?

YES!  When your business status was terminated, you lost your limited liability protection. This protection is the primary benefit of creating and maintaining an LLC. You can regain your LLC protection, by reinstating your LLC. To reinstate your business you must complete the Secretary of State Reinstatement forms, and pay the related filing fees.

What is a reinstatement?

According to the Florida Department of Corporations, 

"A reinstatement application returns an administratively dissolved or revoked business entity to an active status. The form updates or confirms the Florida Department of State, Division of Corporations' records. It is not a financial statement. The data displayed on the entity’s online reinstatement application is the most current data on file with the Division of Corporations."

How long will it take?

It Depends.

According to the Florida Department of Corporations, 

"Business entities that were administratively dissolved or revoked for less than one calendar year: Online reinstatements are posted immediately if paid by credit card or a Prepaid Sunbiz E-File Account. Business entities that were administratively dissolved or revoked for more than one calendar year: Allow 2-3 business days for the reinstatement to post if paid by credit card or Prepaid Sunbiz E-File Account. Florida law requires our office to check the entity’s name for availability. When paying by check or money order: Your document will be processed in the order it was received."

This means that it depends on how long your LLC has been dissolved. 

Can I make changes when I file my reinstatement?

Yes. You can change the names and/or addresses of the officers, directors, managers, or authorized representatives, and make changes to addresses only for any general partners; You can change the registered agent and registered office address; You can change the principal office address and mailing address for the business entity; Lastly, you can add or change the federal employer identification number.

What are the fees?

SERVICE PRICE  ADDITIONAL FEES

Reinstatement – Profit Corporation $600.00 + $150 for each report year

Reinstatement – Non-Profit Corporation $175.00 + $61.25 for each report year

Reinstatement – Limited Liability Company $100.00 +$138.75 for each report year

Reinstatement – Limited Partnership & + $500 filing fee for each report year due

Limited Liability Limited Partnership $500.00** 

**Florida law requires a $500 reinstatement fee for each year or part thereof the limited partnership was revoked .

Do you need help getting your LLC reinstated? Give our office a call at (844) 565-5937 or visit or schedule an appointment at www.jollyesquire.com/appt