After a Florida LLC has been administratively dissolved, it can still be reinstated and regain its authority to conduct business in the state at any time after the date of dissolution. To reinstate a Florida LLC, you must file a Limited Liability Company Reinstatement with the Division of Corporations.

How do I dissolve an inactive LLC in Florida?

In addition to events specified in the operating agreement, the Act states that you may dissolve a Florida LLC by a unanimous consent of the members, if the LLC goes 90 days without a member, by judicial decree, or by filing a statement of administrative dissolution.

How do I reinstate an inactive corporation?

In order to be reinstated, a business entity must do the following:

1. Cure the grounds that caused it to be dissolved.
2. Pay all taxes, interest, and penalties that are due.
3. File an application for reinstatement with the state administrator.

How do I dissolve an InActive LLC?

How to Close an Inactive Business

1. Dissolve the Legal Entity (LLC or Corporation) with the State. An LLC or Corporation needs to be officially dissolved.
2. Pay Any Outstanding Bills.
3. Cancel Any Business Licenses or Permits.
4. File Your Final Federal and State Tax Returns.

How much does it cost to close an LLC in Florida?

The filing fee is $25 to dissolve an LLC in Florida. If you need a certified copy of your Florida LLC dissolution, you can get one for an additional $30.

When does a LLC have to be dissolved?

If the LLC is insolvent (i.e. the debts exceed the assets) and if there are no assets distributed to the LLC owners, then their is no personal assets which a creditor can pursue against the LLC owners. Second, dissolve the LLC once business operations have ceased and once known creditors have been paid or otherwise resolved.

What happens to a LLC if it is insolvent?

If the LLC is insolvent (i.e. the debts exceed the assets) and if there are no assets distributed to the LLC owners, then their is no personal assets which a creditor can pursue against the LLC owners.

What happens if you fail to pay creditors of a LLC?

If you fail to pay known creditors of the LLC and if you instead distribute assets of the LLC to the owners, then the owners can be sued by those creditors to collect on the assets distributed from the company.

How to file for reinstatement in Florida Division of corporations?

The form updates or confirms the Florida Department of State, Division of Corporations’ records. It is not a financial statement. The data displayed on the entity’s online reinstatement application is the most current data on file with the Division of Corporations.