Introduction to FKBAR LLC
What Is an LLC?
A Limited Liability Company (LLC) is a type of business entity in the United States that offers its owners protection from personal liability while providing the flexibility of a partnership. It combines the benefits of both corporations and partnerships, giving owners personal liability protection (like a corporation) while allowing them to report profits and losses on their personal tax returns (like a partnership). This makes LLCs a popular choice for small business owners and entrepreneurs.
FKBAR LLC: The Basics
FKBAR LLC is a Florida-based Limited Liability Company that was officially registered in the state on August 24, 2007, under document number L07000087401. As with many LLCs, its creation followed a series of legal steps involving filing specific documentation and providing necessary information to the Florida Division of Corporations.
While FKBAR LLC was once a registered business, its current legal status is listed as “inactive.” This means that while it may have operated for a period of time, it has since ceased to maintain its active status within the state of Florida. Understanding the reasons behind its inactivity and the process of its dissolution can provide valuable insights into how businesses operate and why some eventually close.
The Filing Information of FKBAR LLC
Document Number: L07000087401
Each business registered with the Florida Division of Corporations is assigned a unique document number, which serves as an identifier for that specific business entity. FKBAR LLC’s document number is L07000087401, and this number is crucial for searching any business records tied to the LLC in Florida’s database. This number ensures that the company is properly tracked and that its legal history is accessible to the public.
FEI/EIN Number: 26-0790125
The Federal Employer Identification Number (FEI), also known as the Employer Identification Number (EIN), is used by the Internal Revenue Service (IRS) to identify a business for tax purposes. FKBAR LLC’s EIN is 26-0790125, which means that, at the time of its activity, the company was registered for federal tax purposes. This number is often needed when filing taxes, applying for business licenses, or opening a business bank account. In this case, the EIN is a significant indicator that the LLC once operated in accordance with federal tax regulations.
Filing Date: 08/24/2007
FKBAR LLC was officially filed with the Florida Division of Corporations on August 24, 2007. The filing process involves submitting specific documents that outline the structure of the business, such as its purpose, owners, and initial setup. The filing date marks the moment when the LLC became a recognized entity within the state of Florida, officially granted the right to operate as a business under Florida law.
Effective Date: 08/23/2007
The effective date is the day when the LLC’s legal existence begins, often slightly earlier than the filing date. In the case of FKBAR LLC, the effective date is listed as August 23, 2007. This means that while the company was officially filed on August 24, 2007, it was legally recognized as a business entity starting from August 23, 2007. The effective date is important as it may affect various legal timelines, including tax obligations and reporting.
The Status of FKBAR LLC
Inactive Status
As of now, FKBAR LLC is listed as inactive. This status indicates that the company is no longer conducting business or maintaining its obligations in the state of Florida. Inactive status may occur for a variety of reasons, including failure to file required annual reports or other compliance-related issues. Once a company is marked inactive, it ceases to enjoy the benefits of being a formally recognized business entity under state law.
Administrative Dissolution for Annual Report: 09/28/2018
An important event in the history of FKBAR LLC was its administrative dissolution on September 28, 2018. This means that the company was dissolved by the Florida Division of Corporations due to the failure to file its annual report. Every LLC in Florida is required to file an annual report to remain in good standing with the state. If the report is not filed on time, the state will administratively dissolve the company, effectively ending its status as a business entity in the state.
FKBAR LLC’s dissolution was tied to non-compliance with this requirement. When an LLC fails to submit its annual report, the state may dissolve the entity, which is what happened in this case. However, it is important to note that an administrative dissolution does not necessarily mean the company cannot be reinstated if the necessary steps are taken. In some cases, companies can reapply for reinstatement after fulfilling their obligations.
Last Event: Administrative Dissolution
The last event recorded for FKBAR LLC was its administrative dissolution for annual report on September 28, 2018. This event is significant because it marks the end of FKBAR LLC’s official status as a business entity in the state of Florida, at least for the time being. Once the dissolution process occurs, the company no longer enjoys the protections and privileges granted to active businesses under Florida law.
Event Date Filed: 09/28/2018
The event date corresponds to the day on which the Florida Division of Corporations officially recorded the dissolution of the company. In this case, FKBAR LLC’s dissolution was filed on September 28, 2018. This date is important for legal and tax purposes, as it signifies the cessation of the company’s existence as a legally recognized business entity in Florida.
Event Effective Date: None
An effective date for an event typically specifies when the event actually takes effect. In FKBAR LLC’s case, there is no effective date listed for the administrative dissolution, meaning that the dissolution was immediate upon filing. The lack of an effective date is typical for administrative dissolutions, which often take effect as soon as the filing is processed.
What Does FKBAR LLC’s Inactive Status Mean?
When a company is marked as inactive, it means that the business is no longer conducting business activities in Florida and has failed to meet the state’s requirements for maintaining an active status. Inactive status can have several consequences for a company, including:
- Loss of legal protection: An inactive LLC loses its protection against personal liability. This means that the owners (members) may be personally liable for the company’s debts and obligations.
- Inability to operate: An inactive company cannot legally engage in business transactions or contracts in the state. For example, it cannot open a bank account or file taxes as an active business.
- Difficulty obtaining credit: Inactive companies may find it difficult to apply for credit or loans, as financial institutions may be hesitant to work with businesses that are not officially recognized by the state.
Despite this, an LLC that is in inactive status is not necessarily “closed” forever. There are options for reinstating the company, provided that all necessary documentation and fees are submitted to the Florida Division of Corporations.
Reinstating an Inactive LLC in Florida
If you wish to reinstate an inactive LLC in Florida, it is possible, but it requires fulfilling certain legal obligations. To reinstate FKBAR LLC or any similar business entity, the following steps need to be taken:
- File the Required Annual Reports: The company must file all past-due annual reports and pay any outstanding fees. Annual reports are crucial for maintaining an active LLC status in Florida.
- Pay Reinstatement Fees: In addition to filing the required reports, a reinstatement fee must be paid to the Florida Division of Corporations. These fees can vary depending on how long the company has been inactive.
- Correct Any Other Compliance Issues: If the LLC was dissolved for reasons other than the failure to file an annual report (such as tax violations or legal issues), these issues will need to be addressed before reinstatement.
Once these steps are taken, the Florida Division of Corporations will review the application and, if everything is in order, reinstate the LLC’s active status.
FAQ Section
- What is FKBAR LLC? FKBAR LLC is a Florida-based Limited Liability Company, registered in 2007, which has since been dissolved due to non-compliance with the state’s annual reporting requirements.
- What does it mean when an LLC is inactive? An inactive LLC is one that has failed to maintain its active status with the state, often due to a failure to file required documents or reports. The company cannot legally operate in the state under inactive status.
- Can an inactive LLC be reinstated? Yes, an inactive LLC can be reinstated by filing all past-due reports and paying any necessary fees to the Florida Division of Corporations.
- What happens if an LLC is dissolved for non-compliance? If an LLC is dissolved due to non-compliance, it loses its legal protections, and its ability to operate in the state is terminated. However, it can often be reinstated after fulfilling compliance requirements.
- How do I check the status of an LLC in Florida? You can check the status of an LLC in Florida by searching the Florida Division of Corporations’ online database using the company’s name or document number.
- What is an EIN, and does FKBAR LLC have one? An EIN (Employer Identification Number) is used for tax identification purposes. FKBAR LLC has an EIN number: 26-0790125.
- What is the process for filing an annual report for an LLC in Florida? Annual reports for Florida LLCs must be filed with the Division of Corporations, typically between January 1 and May 1 each year. Failure to file results in penalties or dissolution.
- Why did FKBAR LLC become inactive? FKBAR LLC became inactive because it failed to file its required annual report by the deadline, leading to its administrative dissolution by the state of Florida.
- Can I still access documents for an inactive LLC? Yes, documents related to an inactive LLC can typically be accessed through the Florida Division of Corporations’ online database.
- What is the effective date of FKBAR LLC’s filing? The effective date of FKBAR LLC’s filing was August 23, 2007, meaning it was legally recognized as a business entity in Florida from that date.
