SB 1228 Summary

• Authorizes limited liability companies, corporations, limited partnerships, and limited liability partnerships to file biennial reports instead of annual reports to the Department of State.

• Establishes biennial report filing fees of $100 for LLCs, $122.50 for corporations, $822.50 for limited partnerships, and $50 for limited liability partnerships, with corresponding fees double the annual rates.

• Imposes biennial supplemental corporate fees of $177.50 (double the annual $88.75 fee) on business entities required to file biennial reports under sections 605.0212, 607.1622, and 620.1210.

• Allows the Department of State to escrow biennial report filing fees and supplemental corporate fees until October 1 of the following fiscal year to annualize revenues.

• Makes conforming changes throughout Florida Statutes to permit biennial reporting periods and adjust related administrative dissolution and revocation timelines accordingly.