In this article, we will delve deep into the details of FKBar LLC, examining its formation, filing information, current status, and potential reasons behind its administrative dissolution. We will also explore the broader context of LLCs in Florida, shedding light on what it means to form one and how the process of dissolving an LLC works.
Table of Contents
- Introduction to FKBar LLC
- What is a Florida Limited Liability Company (LLC)?
- FKBar LLC Filing Information
- Document Number: L07000087401
- FEI/EIN Number: 26-0790125
- Date Filed: 08/24/2007
- Effective Date: 08/23/2007
- What Does it Mean for an LLC to Be Inactive?
- The Administrative Dissolution Process in Florida
- Reasons for Dissolution
- Impact on the Business Entity
- The Role of the FEI/EIN Number in Business Operations
- FKBar LLC’s Status: Inactive and Dissolved
- What Does “Admin Dissolution for Annual Report” Mean?
- The Process of Reactivating a Florida LLC
- How to Form an LLC in Florida
- Conclusion: The Importance of Proper LLC Maintenance
- Frequently Asked Questions (FAQs)
Introduction to FKBar LLC
A Historical Overview
FKBar LLC was registered as a limited liability company (LLC) in the state of Florida on August 24, 2007. This company was created under Florida’s legal framework for limited liability companies, which provides individuals with personal liability protection while offering the flexibility of a partnership structure. The business entity had its effective date set for August 23, 2007, just one day before the formal filing date.
Despite its relatively brief operational history, FKBar LLC appears to have been formed with the intent to take advantage of the legal benefits offered by Florida’s LLC structure, which protects owners from personal liability for business debts. However, FKBar LLC became inactive as of its last recorded event, the administrative dissolution for annual report, which was filed on September 28, 2018.
What is a Florida Limited Liability Company (LLC)?
Before we dive into the details of FKBar LLC, it’s important to understand what an LLC is and why it might be an attractive business structure for many entrepreneurs.
A Limited Liability Company (LLC) is a type of business entity that combines the advantages of a corporation with the flexibility of a partnership. It is popular among small business owners for several reasons, including:
- Personal Liability Protection: LLC owners (referred to as members) are not personally responsible for the company’s debts or liabilities.
- Flexible Taxation: LLCs can choose how they want to be taxed. By default, they are treated as pass-through entities, meaning the profits are passed on to the owners and taxed as personal income, avoiding corporate taxes.
- Operational Flexibility: LLCs have fewer formalities and regulations compared to corporations, allowing owners to run the business with more freedom.
- Credibility: Forming an LLC can increase a business’s credibility in the eyes of customers, clients, and partners.
Florida is a popular state for forming LLCs due to its favorable tax laws, lack of a state income tax, and well-structured legal requirements.
FKBar LLC Filing Information
Document Number: L07000087401
The document number for FKBar LLC is L07000087401, a unique identifier assigned by the Florida Division of Corporations. This number is crucial for verifying the company’s registration status, conducting a search of its filings, or addressing any legal or compliance issues that may arise.
FEI/EIN Number: 26-0790125
The FEI/EIN number (Federal Employer Identification Number) of FKBar LLC is 26-0790125. This number is used by the IRS (Internal Revenue Service) to identify the business for tax purposes. It is similar to a Social Security number for individuals but is specific to businesses. All LLCs are required to obtain an EIN if they plan to hire employees or operate as a corporation or partnership.
Date Filed: 08/24/2007
The date FKBar LLC was officially filed with the Florida Division of Corporations was August 24, 2007. This marks the official formation of the company under Florida state law. The filing process typically involves submitting a Certificate of Formation (also known as the Articles of Organization) to the state, paying any associated filing fees, and providing other necessary documentation.
Effective Date: 08/23/2007
The effective date of FKBar LLC was listed as August 23, 2007, which means the LLC was legally recognized from that date, even though the filing occurred the following day. The effective date can be important if the business wants to establish its existence as of a particular date for tax purposes or legal considerations.
What Does it Mean for an LLC to Be Inactive?
An LLC being marked as inactive means that it is no longer conducting business or fulfilling its legal obligations. There are several reasons why an LLC might become inactive, such as:
- Failure to file required annual reports
- Failure to maintain a registered agent
- Non-payment of necessary fees or taxes
For FKBar LLC, its inactive status is due to its administrative dissolution for failure to file an annual report. The dissolution occurred on September 28, 2018, marking the point at which the LLC was officially closed by the Florida Division of Corporations.
The Administrative Dissolution Process in Florida
Reasons for Dissolution
In Florida, an LLC may be administratively dissolved for various reasons, but the most common cause is the failure to file an annual report. All Florida LLCs are required to file an annual report every year with the state to remain in good standing. If the report is not filed by the due date, the company may be administratively dissolved.
For FKBar LLC, the last event recorded was the administrative dissolution due to the failure to file an annual report. This is a common scenario for many businesses that lose track of compliance requirements.
Impact on the Business Entity
When an LLC is dissolved administratively, it loses its legal standing and is no longer recognized as an active business entity by the state. The dissolution does not necessarily affect the company’s ability to handle any remaining debts or ongoing legal matters; however, the business can no longer operate in Florida unless it is reinstated or a new business entity is created.
The Role of the FEI/EIN Number in Business Operations
The FEI/EIN number plays a critical role in the operation of any business, including FKBar LLC. Even though the company is inactive, the EIN remains associated with it and can be used for any remaining tax or business-related activities. If the company ever reinstates its active status, the EIN would still be valid for business operations.
The EIN is essential for:
- Filing taxes and handling IRS obligations.
- Opening a business bank account.
- Hiring employees and reporting wages.
FKBar LLC’s Status: Inactive and Dissolved
What Does “Admin Dissolution for Annual Report” Mean?
When FKBar LLC was administratively dissolved, it means that the company failed to meet one of its primary compliance obligations: the annual report filing. In Florida, all LLCs must file an annual report with the state, which updates the state on important information like the LLC’s business address, members, and other relevant details. Failure to file the annual report on time results in the administrative dissolution of the business.
How Does the Inactive Status Affect the Business?
With the inactive status, FKBar LLC can no longer conduct business legally. It cannot enter into contracts, open new bank accounts, or engage in any activities requiring its business license. However, the company could still resolve any outstanding legal matters or debts.
If FKBar LLC’s members wish to resume operations, they would need to take action to reinstate the business with the Florida Division of Corporations. Reinstatement is possible if the company resolves any issues that led to its dissolution, such as filing past reports and paying outstanding fees.
The Process of Reactivating a Florida LLC
Reactivating an inactive LLC in Florida requires several steps:
- Pay Any Outstanding Fees: The company must pay any late fees or penalties associated with the failure to file the annual report.
- File the Annual Report: The LLC must submit the missing annual report to bring the company back into compliance.
- Submit Reinstatement Request: After resolving any outstanding issues, the business can request reinstatement from the Florida Division of Corporations.
How to Form an LLC in Florida
Forming an LLC in Florida involves the following key steps:
- Choose a Name: Select a unique name for your LLC that complies with Florida’s naming requirements.
- Designate a Registered Agent: Choose a registered agent to receive legal documents on behalf of the LLC.
- File Articles of Organization: Submit the Articles of Organization with the Florida Division of Corporations and pay the filing fee.
- Obtain an EIN: Apply for an Employer Identification Number (EIN) with the IRS.
- File Annual Reports: Ensure the LLC submits its annual report on time to maintain good standing.
Conclusion: The Importance of Proper LLC Maintenance
Properly maintaining an LLC is crucial for keeping it in good legal standing. Failure to comply with annual report filings and other requirements can lead to administrative dissolution, which can have significant consequences for the business. It is essential for business owners to keep track of important deadlines and ensure all required documents are submitted on time.
If you own an LLC, regularly check its status with the Florida Division of Corporations to ensure that it remains compliant and avoids dissolution. Additionally, be proactive about maintaining accurate business records and fulfilling legal obligations.
Frequently Asked Questions (FAQs)
- What is the process to reactivate an inactive LLC in Florida?
- The process involves paying outstanding fees, filing any missing annual reports, and submitting a reinstatement request to the Florida Division of Corporations.
- Why was FKBar LLC dissolved?
- FKBar LLC was administratively dissolved for failure to file its annual report.
- Can I still use my EIN if my LLC is inactive?
- Yes, the EIN remains valid, but the LLC cannot conduct business until it is reinstated.
- How do I check the status of my LLC in Florida?
- You can check your LLC’s status by visiting the Florida Division of Corporations website and conducting a business entity search.
- What happens if I don’t file my annual report on time in Florida?
- Failure to file your annual report on time can result in administrative dissolution of your LLC.
- Can I create a new LLC with the same name as a dissolved one?
- No, the name must be unique. You may need to select a different name for the new LLC.
- How long does it take to reinstate an LLC in Florida?
- The reinstatement process can take a few weeks depending on the complexity and any outstanding requirements.
- What are the consequences of an LLC becoming inactive?
- The company cannot conduct business, enter into contracts, or legally operate until it is reinstated.
- Can I still resolve legal issues if my LLC is inactive?
- Yes, an inactive LLC can still handle outstanding legal matters, but it cannot operate until reinstated.
