You might be wondering as a business owner if you must submit annual reports for your organization. Yes, it is the answer. Companies are obliged to submit annual reports to the Secretary of State in the majority of states, including Florida. If annual reports are not submitted, the company risk fines or possibly liquidation.
The annual report must be electronically submitted through the Sunbiz.org website in Florida. Sunbiz is an authorized website run by the Division of Corporations of the Florida Department of State. It is the official website where companies can submit paperwork and view data about their incorporation, registration, and annual reports.
You can monitor the filing history by logging into your Sunbiz account and viewing the status of your company’s annual report. You will be able to submit your report through the same site if it is past due or upcoming. If you don’t already have one, you can open one by entering the details of your company and paying a fee.
Sunbiz is utilized for more than just submitting annual reports. It is a complete platform that companies may use to manage their state filings and registrations. Sunbiz, for instance, can be used by companies to create new entities, change the name or location of existing entities, or dissolve entities. Additionally, Sunbiz enables companies to look up data about other Florida-registered corporations.
It’s vital to remember that Sunbiz is only accessible to companies with Florida company registrations. Other states might offer comparable portals or demand that annual reports be submitted in person or by mail. To prevent any fines, business owners should confirm the rules in their state and meet all filing deadlines.
In conclusion, most states, including Florida, require businesses to submit yearly reports. The Florida Department of State, Division of Corporations, legitimately manages Sunbiz.org, which is used for handling annual reports and other business registrations and filings. To avoid fines or the liquidation of their business, owners should review their status and submit their reports on time.