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What is administrative dissolution for annual report mean?

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What is administrative dissolution for annual report mean?

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The dissolution means that the corporation failed to pay the annual corporate fee to the State of Florida to remain active. As a result, the corporation is no longer deemed active by the State of Florida. At this time, the only official business the corporation can do is to wind down its affairs. Any activity beyond this may result in personal liability for the officers and/or directors. Feel free to contact me (305-373-5313) if you should have any further questions.

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Patrick Russell The dissolution means that the corporation failed to pay the annual corporate fee to the State of Florida to remain active. As a result, the corporation is no longer deemed active by the State of Florida. At this time, the only official business the corporation can do is to wind down its affairs. Any activity beyond this may result in personal liability for the officers and/or directors. Feel free to contact me (305-373-5313) if you should have any further questions.

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