Search icon

MGM ELECTRIC, INC. - Florida Company Profile

Company claim

Is this your business?

Get access!

Company Details

Entity Name: MGM ELECTRIC, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

MGM ELECTRIC, INC. 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: 27 Jan 1981 (44 years ago)
Date of dissolution: 01 Nov 1985 (40 years ago)
Last Event: INVOLUNTARILY DISSOLVED
Event Date Filed: 01 Nov 1985 (40 years ago)
Document Number: F16280
FEI/EIN Number 000000000

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: C/O FRANK J SCHAFER, 3RD AVE & BELMONT ST, LA BELLE, FL, 33935
Mail Address: C/O FRANK J SCHAFER, 3RD AVE & BELMONT ST, LA BELLE, FL, 33935
ZIP code: 33935
County: Hendry
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
SCHAFER, FRANK J Director 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J President 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Vice President 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Secretary 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Treasurer 3RD AVE & BELMONT ST, LA BELLE, FL 00000
SCHAFER, FRANK J Agent 3RD AVE & BELMONT ST, LA BELLE, FL

Form 5500 Series

Employer Identification Number (EIN):
592887004
Plan Year:
2023
Number Of Participants:
43
Sponsors Telephone Number:
Plan Year:
2022
Number Of Participants:
45
Sponsors Telephone Number:
Plan Year:
2021
Number Of Participants:
43
Sponsors Telephone Number:
Plan Year:
2020
Number Of Participants:
41
Sponsors Telephone Number:
Plan Year:
2019
Number Of Participants:
42
Sponsors Telephone Number:

Events

Event Type Filed Date Value Description
INVOLUNTARILY DISSOLVED 1985-11-01 - -

USAspending Awards / Financial Assistance

Date:
2020-04-14
Awarding Agency Name:
Small Business Administration
Transaction Description:
TO AID SMALL BUSINESSES IN MAINTAINING WORK FORCE DURING COVID-19 PANDEMIC.
Obligated Amount:
0.00
Face Value Of Loan:
321930.00
Total Face Value Of Loan:
378380.00

Paycheck Protection Program

Date Approved:
2020-04-14
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Initial Approval Amount:
321930
Current Approval Amount:
378380
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Unanswered
Veteran:
Unanswered
Forgiveness Amount:
380401.48

Reviews Leave a review

This company hasn't received any reviews.

Date of last update: 01 Jul 2025

Sources: Florida Department of State