In Florida, an annual report is a regular filing that your LLC must complete every year. An annual report is essentially updating your registered agent address and paying a $138.75 fee. All LLCs are required to file their annual report with the Florida Department of State.
The purpose of the annual report is to keep your business records up to date with the state of Florida. This allows creditors and other interested parties to look up your business address in case they need to contact you. The government uses this information to track the payment of your LLC's state taxes.
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