Company Annual Reports Due May 1

Dear Friends and Clients;

Now that tax season is over, don’t forget to file your annual report before May 1, 2015 with the Department of State, Division of Corporations. If you fail to do so, a non-waivable late fee of $400 will be imposed for your Company to maintain its active status.

You can go to https://services.sunbiz.org/Filings/AnnualReport/FilingStart to file your report.

Please remember that this is the time to update your information.  You should (i) add, delete, or change the names and/or addresses of the officers, directors, managers, managing members, and addresses only of general partners; (ii) change the registered agent and registered office address; (iii) change the principal office address and mailing address for the business entity; and/or (iv) add or change your federal employer identification number.

Please feel free to call and/or email Cobbe Law directly with any questions or concerns.

Sincerely,
Melody Cobbe

5 Items to Consider During Your Business’ Quarterly Review

The following five items should be on the top of every successful business’ mind at this point in the year. If you have not reviewed each of these actions yet, or are unsure where to start, please call our office today and let us help you get back on track!

  1. Annual Requirements: In the state of Florida, annual reports are typically due beginning January 1 and must be filed no later than May 1.  Additionally, depending on your business structure, your company may be required to conduct annual meetings for shareholders. This is to make sure that the company remains in good standing and is not waiting until the last minute to fulfill these critical duties.
  2. Trademarks: It’s time to think about whether you want to obtain a trademark for your business or ensure an existing trademark will remain active in the coming year. Stay on top of your trademark by reviewing it with your Cobbe Law team.
  3. Employee Contracts: If your employees are under contract, it is essential to review the contracts before year’s end. Ask yourself these key questions: Do you plan on renewing contracts or cancelling contracts? Have employees changed positions within your company or do your contracts have non-solicitation and non-compete provisions? Now is the time to review those contracts with your Cobbe Law team to ensure they are still enforceable.
  4. Expiring / Renewing Leases: The end of the year is a common time for leases to expire. It is essential to review documents and consider renewals or terminations in order to make sure you comply with any termination notice provisions.
  5. Website Policies: Most websites contain “Terms of Use” and/or “Privacy Policy” provisions to inform users of a company’s security measures and liabilities regarding data use and protections. The language in these policies may be outdated and/or no longer reflect reasonable security measures. Reduce your liability by revisiting these policies and keeping the language up-to-date and consistent with industry standards.

These tips are just a start but a great place for each of us to end the first quarter right!