You might have created an LLC (Limited Liability Company) if you own a business in Florida. However, you might have had to put your company on hold owing to unanticipated events, and your LLC might have gone dormant. The question of whether an inactive LLC can be reactivated in Florida then arises. The process may require certain steps to be done, but the answer is yes.
If your LLC has been inactive in Florida as a result of your failure to submit an annual report, you must submit a reinstatement application to the Florida Division of Corporations. You can do this online or by mail, but you must also include the necessary payment. You must submit a reinstatement request and pay the necessary costs and fines if the state administratively dissolved your LLC.
You can still reestablish your LLC if it was voluntarily dissolved by submitting a reinstatement application to the Florida Division of Corporations. The application must be submitted, nonetheless, within five years of the dissolution date. You must apply for a new LLC if it has been more than 5 years.
Depending on the kind of business and the justification for the reinstatement, the cost to reinstate a company in Florida can change. The cost is $100, for instance, to reactivate an LLC that lost its active status as a result of failing to submit an annual report. Depending on how long the LLC was dormant, the charge for administrative dissolution might range from $300 to $1,500. The cost is $100 if the LLC was voluntary dissolved.
You must complete the required actions to reinstate your LLC with the state of Florida in order to do so. This include completing the required documentation, paying the required fees, and seeing to it that any unpaid taxes or other responsibilities are satisfied. Once your LLC has been restored to good standing, you can carry on with business as normal.
You must submit a yearly report to the state of Florida in order to keep your LLC functioning. This report, which includes details about your LLC including its registered agent, officers, and managers, is due on May 1st. Your LLC risk being administratively dissolved or becoming inactive if you don’t submit an annual report.
In conclusion, you can reactivate your LLC in Florida if it has become inactive by submitting the required documentation and paying the associated expenses. Depending on why a firm needs to be reinstated, the cost can change in Florida. Make sure you file an annual report every year to keep your LLC functioning. You can maintain your LLC’s legal status with the state and carry on with your business by following these steps.