*Florida Annual Report Reminder**
Dear Clients and Friends,
Please file your 2023 Annual Report with the Florida Department of State, Division of Corporations. This is very important because it verifies the leadership authority of your corporate entity. Failure to do so may result in “Administrative Dissolution” of your nonprofit. In fact, annual reports are due by the third Friday in September to avoid administrative dissolution.
To file your 2023 Annual Report go to the Division of Corporations’ website and file. Please carefully review all filing data for accuracy.
What is an Annual Report?
- The form updates or confirms the Florida Department of State, Division of Corporations’ records.
- It is not a financial statement.
- An annual report must be filed each year for your business entity to maintain an “active status” with the Department of State.
- It is required, whether or not you need to make changes.
- The data displayed on the entity’s annual report is the most current data on file with the Division of Corporations.
- It identifies the required Registered Agent for Service of Process.
Suggestion: make sure you update the names of Directors and Officers. Keep in mind, if your a member of the Board of Directors, use the designation of “Director” along with another title you may hold such as an Officer. For example, if a person serves as a Director and President the filed designation may be, “John Smith President/Director”
Finally, take this opportunity to review your governing documents to make sure they comply with your stated minimum number of Directors. Be mindful Florida law requires a minimum of three (3) Directors for a nonprofit entity but your governing documents may require more. Call me if you have any questions.