An annual report is the yearly filing required to renew your business and keep it in active status with the Department of State. If filed late, the State may impose an additional $400 penalty fee. Missing the deadline may result in your business being dissolved and additional fees applied.

A Fictitious Name, commonly known as your DBA “Doing Business As”, identifies the trade name under which you or your business operates. Failure to properly register your DBA can result in penalties of up to $15,000. Additional penalties or compliance actions may be imposed by state or local agencies.