Reinstate a Florida Corporation or LLC

Reinstate a Florida Corporation or LLC

In Florida, businesses must comply with certain regulations to operate legally. This includes submitting annual reports and other documents on time to stay in good standing. If a business fails to meet these requirements, it could be shut down by the state. However, even if a business has been shut down, it's possible to get back on track by applying for reinstatement.

There are times when business owners decide to close their business but later decide to restart it. Luckily, the state allows such businesses to be revived. One must fill out a specific form and pay a fee to do this.

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accountantstemplate/ Reinstate a Florida Corporation or LLC

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Reinstatement is Automatic
Only Recent Dissolutions Qualify
No Need to Update Records
Reinstatement Clears All Debts
Professional Help Isn't Necessary

Reinstatement is Automatic

Myth

Reinstatement of a dissolved corporation or LLC is automatic once fees are paid.

Fact

Reinstatement requires filing specific forms and meeting certain conditions in addition to paying fees.

Only Recent Dissolutions Qualify

Myth

Only recently dissolved corporations or LLCs can be reinstated.

Fact

Florida allows reinstatement regardless of how long the entity has been inactive, as long as requirements are met.

No Need to Update Records

Myth

There's no need to update any records when reinstating a business.

Fact

Updating records with the state and other entities is crucial to ensure compliance and accurate information.

Reinstatement Clears All Debts

Myth

Reinstating a business clears any outstanding debts or penalties.

Fact

Reinstatement does not eliminate existing debts or penalties; these must still be resolved.

Professional Help Isn't Necessary

Myth

Professional assistance isn't needed to reinstate a corporation or LLC.

Fact

Professional help can ensure the reinstatement process is handled correctly and efficiently, avoiding further complications.

Adult Day Care Coverage

Risk Factors

You may have to pay them for their services from your pocket if you hire a caregiver.

Solution

Policies may cover community care, which usually means adult day care, so you don’t need to pay them all by yourself.

Modifications to House Coverage

Risk Factors

You may need to build a wheelchair ramp for one of your family members because of their medical conditions.

Solution

Some policies may even pay benefits to family members who act as caregivers or cover home modifications, such as adding wheelchair ramps or installing safety devices.
Consultation

How do I reinstate my Florida business?

To bring a corporation back to active status, a corporation Reinstatement form must be submitted to the state's Division of Corporations. A similar process applies to a Limited Liability Company (LLC). Online services are available to assist with the filing process and provide guidance for any queries during the application.

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