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MAGNETIC LLC - Florida Company Profile

Company Details

Entity Name: MAGNETIC LLC
Jurisdiction: FLORIDA
Filing Type: Florida Limited Liability Co.

MAGNETIC LLC is structured as a Limited Liability Company (LLC), a common business structure that offers its members limited liability protection, separating their personal assets from the company's debts and obligations.
In Florida, LLCs are governed by Title XXXVI, Chapter 605, Florida Revised Limited Liability Company 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: 16 Feb 2005 (20 years ago)
Date of dissolution: 23 Sep 2011 (14 years ago)
Last Event: ADMIN DISSOLUTION FOR ANNUAL REPORT
Event Date Filed: 23 Sep 2011 (14 years ago)
Document Number: L05000016311
FEI/EIN Number 204428400

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

Address: 1301 NE MIAMI GARDENS DR, 905 WEST, MIAMI, FL, 33179, US
Mail Address: 1301 NE MIAMI GARDENS DR, 905 WEST, MIAMI, FL, 33179, US
ZIP code: 33179
County: Miami-Dade
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
LESTER DORCAS Manager 9991 W HEATHER LANE, MIRAMAR, FL, 33025
LESTER DORCAS T Agent 9991 W HEATHER LANE, MIRAMAR, FL, 33025

Events

Event Type Filed Date Value Description
ADMIN DISSOLUTION FOR ANNUAL REPORT 2011-09-23 - -
CANCEL ADM DISS/REV 2010-04-20 - -
REGISTERED AGENT NAME CHANGED 2010-04-20 LESTER, DORCAS T -
REGISTERED AGENT ADDRESS CHANGED 2010-04-20 9991 W HEATHER LANE, MIRAMAR, FL 33025 -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2009-09-25 - -
LC AMENDMENT 2008-05-30 - -
CHANGE OF PRINCIPAL ADDRESS 2008-04-21 1301 NE MIAMI GARDENS DR, 905 WEST, MIAMI, FL 33179 -
CHANGE OF MAILING ADDRESS 2008-04-21 1301 NE MIAMI GARDENS DR, 905 WEST, MIAMI, FL 33179 -

Documents

Name Date
REINSTATEMENT 2010-04-20
LC Amendment 2008-05-30
ANNUAL REPORT 2008-04-21
ANNUAL REPORT 2007-02-28
ANNUAL REPORT 2006-03-21
Florida Limited Liability 2005-02-16

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5280077708 2020-05-01 0455 PPP 813 DELMAR WAY APT 313, DELRAY BEACH, FL, 33483-3368
Loan Status Date 2021-06-17
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 16322
Loan Approval Amount (current) 16322
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description New Business or 2 years or less
Project Address DELRAY BEACH, PALM BEACH, FL, 33483-3368
Project Congressional District FL-22
Number of Employees 1
NAICS code -
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Sole Proprietorship
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 13376.76
Forgiveness Paid Date 2021-05-06

Date of last update: 01 Apr 2025

Sources: Florida Department of State