Suppose your corporation fails to file its annual report. As a result, it is administratively dissolved. Therefore, your company can no longer operate as a corporation within the state of Florida. It can be reinstated. The State of Florida website, www.sunbiz.org, provides the forms to reinstate the corporation. Should you be able to do this? Why or why not? Should there be a time limit on the ability to reinstate? Why or why not? There is a penalty for failing to file the report. Should there be a penalty for failing to file the report?

Answer rating: 100% (QA)

YesIf a corporation fails to file its annual report it can be administratively dissolved This means ... View the full answer