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BASIC PRINCIPLES CORPORATION - Florida Company Profile

Company Details

Entity Name: BASIC PRINCIPLES CORPORATION
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

BASIC PRINCIPLES CORPORATION 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: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 31 Jul 2002 (23 years ago)
Last Event: REINSTATEMENT
Event Date Filed: 01 Apr 2011 (14 years ago)
Document Number: P02000083080
FEI/EIN Number 550790213

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

Address: 33012 Kateland Dr, Wesley Chapel, FL, 33545, US
Mail Address: 33012 Kateland Drive, Wesley Chapel, FL, 33545, US
ZIP code: 33545
County: Pasco
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
BASIC PRINCIPLES CORPORATION 401(K) PLAN 2023 550790213 2024-11-27 BASIC PRINCIPLES CORPORATION 19
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2020-01-01
Business code 722513
Sponsor’s telephone number 8136959464
Plan sponsor’s address 2776 E FOWLER AVE, TAMPA, FL, 33612

Plan administrator’s name and address

Administrator’s EIN 621874769
Plan administrator’s name ADMINISTRATIVE GROUP, LLC DBA TAG RESOURCES
Plan administrator’s address 6501 DEANE HILL DRIVE, KNOXVILLE, TN, 37919
Administrator’s telephone number 8656701844

Signature of

Role Plan administrator
Date 2024-11-27
Name of individual signing TARA EVANS
Valid signature Filed with authorized/valid electronic signature
BASIC PRINCIPLES CORPORATION 401(K) PLAN 2023 550790213 2024-07-22 BASIC PRINCIPLES CORPORATION 6
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2020-01-01
Business code 722513
Sponsor’s telephone number 8136959464
Plan sponsor’s address 2776 E FOWLER AVE, TAMPA, FL, 33612

Plan administrator’s name and address

Administrator’s EIN 621874769
Plan administrator’s name ADMINISTRATIVE GROUP, LLC DBA TAG RESOURCES
Plan administrator’s address 6501 DEANE HILL DRIVE, KNOXVILLE, TN, 37919
Administrator’s telephone number 8656701844

Signature of

Role Plan administrator
Date 2024-07-22
Name of individual signing TARA EVANS
Valid signature Filed with authorized/valid electronic signature
BASIC PRINCIPLES CORPORATION 401(K) PLAN 2022 550790213 2023-07-20 BASIC PRINCIPLES CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2020-01-01
Business code 722513
Sponsor’s telephone number 8136959464
Plan sponsor’s address 2776 E FOWLER AVE, TAMPA, FL, 33612

Plan administrator’s name and address

Administrator’s EIN 621874769
Plan administrator’s name ADMINISTRATIVE GROUP, LLC DBA TAG RESOURCES
Plan administrator’s address 6501 DEANE HILL DRIVE, KNOXVILLE, TN, 37919
Administrator’s telephone number 8656701844

Signature of

Role Plan administrator
Date 2023-07-20
Name of individual signing TARA EVANS
Valid signature Filed with authorized/valid electronic signature
BASIC PRINCIPLES CORPORATION 401(K) PLAN 2021 550790213 2022-07-22 BASIC PRINCIPLES CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2020-01-01
Business code 722513
Sponsor’s telephone number 8136959464
Plan sponsor’s address 2776 E FOWLER AVE, TAMPA, FL, 33612

Plan administrator’s name and address

Administrator’s EIN 621874769
Plan administrator’s name TAG RESOURCES LLC
Plan administrator’s address 6501 DEANE HILL DRIVE, KNOXVILLE, TN, 37919
Administrator’s telephone number 8656701844

Signature of

Role Plan administrator
Date 2022-07-22
Name of individual signing TARA EVANS
Valid signature Filed with authorized/valid electronic signature
BASIC PRINCIPLES CORPORATION 401(K) PLAN 2020 550790213 2021-10-01 BASIC PRINCIPLES CORPORATION 2
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2020-01-01
Business code 722513
Sponsor’s telephone number 8136959464
Plan sponsor’s address 2776 E FOWLER AVE, TAMPA, FL, 33612

Plan administrator’s name and address

Administrator’s EIN 621874769
Plan administrator’s name TAG RESOURCES LLC
Plan administrator’s address 6501 DEANE HILL DRIVE, KNOXVILLE, TN, 37919
Administrator’s telephone number 8656701844

Signature of

Role Plan administrator
Date 2021-10-01
Name of individual signing PHIL TISUE
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
MARCUS MCCANTS Agent 33012 Kateland Drive, Wesley Chapel, FL, 33545
MCCANTS MARCUS M Director 33012 Kateland Drive, Wesley Chapel, FL, 33545
MCCANTS MARCUS M President 33012 Kateland Drive, Wesley Chapel, FL, 33545
BRITTON DERRICK Officer 6000 Old South Court, McKinney, TX, 75072

Events

Event Type Filed Date Value Description
CHANGE OF PRINCIPAL ADDRESS 2024-02-07 33012 Kateland Dr, Wesley Chapel, FL 33545 -
REGISTERED AGENT ADDRESS CHANGED 2017-02-20 33012 Kateland Drive, Wesley Chapel, FL 33545 -
CHANGE OF MAILING ADDRESS 2017-02-20 33012 Kateland Dr, Wesley Chapel, FL 33545 -
REINSTATEMENT 2011-04-01 - -
REGISTERED AGENT NAME CHANGED 2011-04-01 MARCUS MCCANTS -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2010-09-24 - -
CANCEL ADM DISS/REV 2005-10-11 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2005-09-16 - -
CANCEL ADM DISS/REV 2003-11-05 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2003-09-19 - -

Documents

Name Date
ANNUAL REPORT 2025-01-28
ANNUAL REPORT 2024-02-07
ANNUAL REPORT 2023-02-09
ANNUAL REPORT 2022-03-23
ANNUAL REPORT 2021-04-30
ANNUAL REPORT 2020-03-20
ANNUAL REPORT 2019-04-05
ANNUAL REPORT 2018-04-06
ANNUAL REPORT 2017-02-20
ANNUAL REPORT 2016-03-08

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5554577703 2020-05-01 0455 PPP 2776 E FOWLER AVE, TAMPA, FL, 33612-6297
Loan Status Date 2021-04-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 125283
Loan Approval Amount (current) 125283
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 Y
LMI Y
Business Age Description New Business or 2 years or less
Project Address TAMPA, HILLSBOROUGH, FL, 33612-6297
Project Congressional District FL-15
Number of Employees 52
NAICS code 722513
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Male Owned
Veteran Non-Veteran
Forgiveness Amount 126290.14
Forgiveness Paid Date 2021-02-25

Date of last update: 01 Mar 2025

Sources: Florida Department of State