Jurisdiction Guide • Florida Division of Corporations (Sunbiz)

Florida LLC FinCEN BOI Reporting: Sunbiz Records & Federal Mandates

Florida is one of the fastest-growing business destinations in the United States, with over 3 million active entities registered with the Florida Department of State (Sunbiz). Florida businesses face an urgent federal compliance deadline under the Corporate Transparency Act.

SUNBIZ VS. FINCEN: Unlike states with strict privacy laws, Florida already publishes member and manager names on Sunbiz annual reports. However, filing your Florida Sunbiz Annual Report does NOT satisfy your federal BOIR obligation. FinCEN requires residential addresses and government-issued photo ID uploads directly into federal databases.

1. Foreign Owners & Florida Real Estate LLCs

Florida has the highest concentration of international real estate investors in the US (from Canada, Latin America, Europe). If a foreign national owns 25%+ of a Florida title-holding LLC, their non-expired foreign passport must be submitted to FinCEN. Failure to file subjects both the entity and the foreign owner to US civil and criminal jurisdiction.

2. Florida Penalties

Non-compliance carries civil fines of $591 per day and up to 2 years imprisonment under 31 U.S.C. § 5336.

Calculate Florida Penalties & File BOIR →