CS/HB 1149 - Business Entity Filing Fees Summary

• Combines multiple individual fees into single $70 initial filing fees for corporations for profit, limited liability companies, corporations not for profit, and limited partnerships

• Increases annual report fees across most business entity types: from $150 to $61.25 for for-profit corporations, $61.25 for nonprofits, $50 for LLCs, and $411.25 for limited partnerships

• Reduces various document filing fees from $35 to amounts ranging from $25 to $87.50 depending on document type and entity category

• Increases reinstatement application fees: from $400 to $600 for for-profit corporations, $175 for nonprofits, $100 for LLCs, and $500 for limited partnerships

• Imposes $400 late charge on annual report fees submitted after May 1, with exemption for entities that were administratively dissolved and subsequently sought reinstatement

• Repeals section 607.193 relating to supplemental corporate fees and takes effect July 1, 2014