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BizLawyerNate, Attorney
Category: Business Law
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Experience:  7 Years of Legal Experience Representing Small Business Owners
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what are the consequenc of operating a wayoming corporation

Resolved Question:

what are the consequenc of operating a wayoming corporation in the state of florida with out registering it in florida?

the corpoartin was opened in wayoming to protect share holders from being identified because of a non compete they signed with previous employeer.
Submitted: 6 years ago.
Category: Business Law
Expert:  BizLawyerNate replied 6 years ago.
Thank you for your question and welcome to Just Answer.

If you do not register the corporation in Florida, and Florida finds out, they can assess fines and penalties on you for all the months you operated in Florida. The size of the penalties depends on the amount of your business, but they can reach into the thousands per month.

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