| Entity Name: | MAGNOLIA DEVELOPMENT CORP. |
| Jurisdiction: | FLORIDA |
| Filing Type: |
Domestic Profit
MAGNOLIA DEVELOPMENT CORP. is structured as a Domestic Profit Corporation, which, in Florida signifies a Profit Corporation (also known as a C-Corporation). This business structure is recognized as a separate legal entity from its owners. This offers shareholders the benefit of limited liability protection, safeguarding their personal assets from the corporation's debts and obligations, and facilitates raising capital through the issuance of stock. In Florida, Domestic Profit Corporations are governed by Title XXXVI, Chapter 607, Florida Statutes – Florida Business Corporation Act. |
| Status: |
Inactive
The business entity is inactive. This status may signal operational issues or voluntary closure, raising concerns about the business's ability to repay loans and requiring careful risk assessment by lenders. |
| Date Filed: | 12 May 1976 (49 years ago) |
| Date of dissolution: | 08 Dec 1980 (44 years ago) |
| Last Event: | INVOLUNTARILY DISSOLVED |
| Event Date Filed: | 08 Dec 1980 (44 years ago) |
| Document Number: | 503029 |
| FEI/EIN Number |
591670427
Federal Employer Identification (FEI) Number assigned by the IRS. |
| Address: | 5019 N. LAGOON DR., PANAMA CITY, FL, 32407 |
| Mail Address: | 5019 N. LAGOON DR., PANAMA CITY, FL, 32407 |
| ZIP code: | 32407 |
| County: | Bay |
| Place of Formation: | FLORIDA |
| Name | Role | Address |
|---|---|---|
| WAHLEY, L.O.G. | Director | 5019 N. LAGOON DR., PANAMA CITY, FL |
| TRENT, WALLACE L. | Vice President | 1910 FOSTER AVE., PANAMA CITY, FL |
| TRENT, NOLA ANN | Secretary | 1910 FOSTER AVE., PANAMA CITY, FL |
| TRENT, NOLA ANN | Treasurer | 1910 FOSTER AVE., PANAMA CITY, FL |
| WHALEY, L.O.G. | Agent | 5019 N. LAGOON DR., PANAMA CITY, FL, 32407 |
| Event Type | Filed Date | Value | Description |
|---|---|---|---|
| INVOLUNTARILY DISSOLVED | 1980-12-08 | - | - |
Date of last update: 03 Apr 2025
Sources: Florida Department of State
