Effective May 7, Senate Bill 602 revises the definition of “accrued interest”, amends appraisal rights in the Business Corporation Act, and allows for an eligible entity to assume a dissolved entity’s name 120 days after the dissolution date, instead of
Florida – Business Corporation Act
Effective June 18, SB 838 makes conforming and clarifying changes to the Business Corporation Act. Updates include the ability for the Department of State to direct interrogatories to a corporation to determine if the entity is in compliance with this
Florida – State Bank and Trust Company Regulations
Effective July 1, House Bill 1285 allows state banks and trust companies overseen by the Florida Office of Financial Regulation to form as social purpose or benefit corporations. http://www.flsenate.gov/Session/Bill/2018/1285/BillText/er/PDF
Florida – Secretary of State Closed
Due to inclement weather, the Florida Secretary of State’s office is closed.
Florida – Phishing Scam
The Florida Division of Corporations is warning of possible phishing scams related to a data breach of the electronic signature service provider, DocuSign. Emails containing a link to a Microsoft Word document with malware have been reported. For more information
Florida – Scam Alert
A fraudulent email has been circulating from Florida StartUp Co. attempting to get money from corporations for their annual reports. This is not associated with the Florida Secretary of State and businesses are not under any obligation to file with
Florida – Registered Agent Designation
Effective January 1, Senate Bill 1104 allows financial institutions to designate either the Department of State or a registered agent to receive service of process on its behalf. The bill also provides for exceptions when no registered agent has been
Florida – Social Purpose and Benefit Corporations
House Bill 685 (Chapter 2014-209) signed by the governor June 20 and effective July 1 authorizes the creation of social purpose corporations and benefit corporations. The bill also some changes regarding entity name distinguishability. Some differences are not considered a
Florida – $400 Annual Report Late Fee
Businesses that fail to file annual reports on or before the May 1st deadline will immediately incur a $400 late fee. The late fee applies to all profit corporations, limited liability companies, limited partnerships, and limited liability limited partnerships which
Florida – Revised LLC Act
Revisions to Florida’s LLC Act went into effect January 1, 2014. LLCs formed after January 1, 2014 will be governed under this act. You may review the act, beginning in Chapter 605 of the Florida Statues, at the link below. http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0605/0605ContentsIndex.html&StatuteYear=2013&Title=-%3E2013%