Florida is one of the easier states for business compliance, with a relatively straightforward annual report process and no state corporate income tax on LLCs. However, the Florida Department of State charges a $400 administrative dissolution/revocation fee for entities that miss the May 1 annual report deadline — making punctuality financially critical.

Florida Annual Report: The Basics

Every Florida LLC, corporation, limited partnership, and limited liability partnership must file an Annual Report with the Florida Division of Corporations (Sunbiz) between January 1 and May 1 each year under Florida Statutes §§ 605.0212 (LLC) and 607.1622 (corporation). The report updates registered agent information, principal office address, and officer/director/member details.

Filing fees are $138.75 for LLCs and $150 for profit corporations. Non-profit corporations pay $61.25. The report can be filed entirely online at sunbiz.org.

The May 1 Deadline and Late Penalties

If the annual report is not filed by May 1, a $400 late fee is assessed on May 2 — the total due for an LLC jumps from $138.75 to $538.75. If the report is still not filed by the third Friday of September, the Department of State initiates administrative dissolution (for domestic entities) or administrative revocation (for foreign entities). Reinstatement after dissolution requires paying all accumulated late fees plus a $100 reinstatement fee.

The $400 late fee applies per entity, per year. A company with five Florida-registered entities that misses the deadline owes $2,000 in late fees before any reinstatement costs.

Florida Corporate Income Tax

Florida imposes a 5.5% corporate income tax on C-corporations (and some S-corporations) under Florida Statutes Chapter 220. LLCs treated as partnerships or disregarded entities are not subject to the Florida corporate income tax. The return (Form F-1120) is due by the first day of the fourth month following the close of the taxable year (April 1 for calendar-year filers). A $2,500 minimum tax applies to all corporations with Florida apportioned income over $0.

Florida has no individual income tax, which means LLC members and S-corp shareholders do not owe Florida state tax on pass-through income.

Registered Agent Requirements

Florida requires every registered entity to maintain a registered agent with a Florida street address under Florida Statutes § 605.0113. The registered agent must be a Florida resident or a business entity authorized to do business in Florida. Failure to maintain a registered agent triggers dissolution. Annual registered agent fees from commercial providers are typically $49–$150.

Foreign Entity Registration

Out-of-state entities conducting business in Florida must register as a foreign entity with the Division of Corporations. Foreign LLCs pay a $125 application fee; foreign corporations pay $70. Once registered, foreign entities must file the Florida annual report on the same January 1–May 1 schedule and are subject to the same late penalties.

Florida New Hire Reporting

Florida employers must report new hires to the Florida New Hire Reporting Center within 20 days of the hire date under Florida Statutes § 409.2576. Failure to report can result in a $25 fine per failure, up to $500 if there is a conspiracy to not report. This is a separate obligation from federal new hire reporting under 26 U.S.C. § 3405.

Key Deadlines

How Compliance Singularity Handles Florida

Compliance Singularity's AI agents file your Florida annual report via the Sunbiz portal automatically each year, well ahead of May 1. The system maintains current registered agent and principal office data from your company profile and submits the filing without manual data entry. Corporate income tax deadlines are built into the compliance calendar and tracked through integration with your accounting software. For multi-entity Florida stacks, each entity is filed independently on the same automated schedule.