This question is specific to Florida, US.
An LLC was formed in Aug of 2014. It failed to file an annual report. I just realized this and found that the LLC had become inactive. The state website, sunbiz.org, allowed it to be reinstated for just $100 more than the report fee. Elsewhere the site states that there is a $400 fee for filing late.
- Will that $400.00 still be charged?
- Does the owner lose the liability protection for business conducted during the inactive period? (My understanding is "yes")
- Is there anything else specific to this situation, besides avoiding a repeat, that should be considered?