Orlando, FL business attorney Jim Flick discusses the Company Maintenance Program his firm offers. He explains that most of my clients are either business owners or professionals with a professional practice. Each business entity is obliged to submit distinct annual reports to the state of its formation. Therefore, one of our responsibilities is to ensure that all annual reports are filed on time. Failure to meet the deadline could result in severe penalties in some states, such as Florida. Additionally, every business entity must have a registered agent who receives legal process service. We serve as the registered agent for our clients, and our lobby receives process servers continually. Most of our clients prefer not to have process servers show up at their business office. In certain cases, corporations are required to hold annual meetings and record minutes to document the meetings, and we offer assistance with that. Lastly, every business will have to comply with the new Corporate Transparency Act, which requires reporting to the Financial Crimes Enforcement Network (FinCEN) and a brand-new reporting system that takes effect next year.