Orlando, FL business attorney Jim Flick discusses the Company Maintenance Program his firm offers. He explains that the majority of his clients are business owners or professionals with their own practices. Each business entity is required to file annual reports with the state in which it is formed, and his firm ensures these reports are submitted on time, noting that some states, such as Florida, impose significant penalties for missed deadlines.

Additionally, every business must have a registered agent to receive legal process, and his firm fulfills this role for clients. Their office regularly receives process servers, which many clients prefer to avoid at their own business locations. For corporations, annual meetings must be held and documented through meeting minutes, and his firm provides support to ensure proper compliance.

Finally, he highlights the upcoming Corporate Transparency Act, which will require businesses to submit specific reports to the Financial Crimes Enforcement Network (FinCEN). This new reporting system becomes effective next year and represents an essential compliance obligation for all business entities.