Important Reminder for Annual Report
If you have not done so already file your 2020 Annual Report with the Florida Department of State, Division of Corporations.
This is very important because it verifies the leadership authority of your entity. Failure to do so may result in “Administrative Dissolution” of your nonprofit.
Due to the pandemic an Executive Order No. 20-52 and Emergency Order 2020-01 was signed March 27, 2020, extending the time requirements for business entities to file annual reports until June 30, 2020.
Annual reports are due by the third Friday in September to avoid administrative dissolution.
To file your 2020 Annual Report go to the Division of Corporations’ website, www.sunbiz.org and file. Please carefully review all filing data for accuracy.
Suggestion: make sure you update the names of Directors and Officers. Keep in mind, if your a member of the Board of Directors, use the designation of “Director” although you use the title of “Pastor”, “Elder”, “Trustee” or “Deacon”.
For example, if a person serves as a Director and Officer the filed designation may be, “John Smith President/Director”
Finally, take this opportunity to review your governing documents to make sure you comply with your stated minimum number of Directors. Be mindful Florida law requires a minimum of three (3) Directors for a nonprofit entity but your governing documents may require more. Call me if you have any questions.
