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WATCH FACTS, INC - Florida Company Profile

Company Details

Entity Name: WATCH FACTS, INC
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

WATCH FACTS, 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: 20 Aug 2010 (15 years ago)
Date of dissolution: 23 Sep 2013 (12 years ago)
Last Event: CORPORATE MERGER
Event Date Filed: 23 Sep 2013 (12 years ago)
Document Number: P10000068420
FEI/EIN Number 273283158

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

Address: 164 E FLAGLER, SUITE 624, MIAMI, FL, 33131
Mail Address: 164 E FLAGLER, SUITE 624, MIAMI, FL, 33131
ZIP code: 33131
County: Miami-Dade
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
MUFASA HOLDINGS, LLC President -
CORMIER JOHN Chief Executive Officer 400 ALTON RD, MIAMI BEACH, FL, 33139
KIRAM NAWEL Vice President 400 ALTON RD, MIAMI BEACH, FL, 33139
CORMIER JOHN Agent 400 ALTON RD, MIAMI, FL, 33139

Events

Event Type Filed Date Value Description
MERGER 2013-09-23 - CORPORATION WAS PART OF A MERGER. NON-QUALIFIED CORPORATION WAS WATCHFACTS, INC.. MERGER NUMBER 900000134389
CHANGE OF PRINCIPAL ADDRESS 2012-08-20 164 E FLAGLER, SUITE 624, MIAMI, FL 33131 -
CHANGE OF MAILING ADDRESS 2012-08-20 164 E FLAGLER, SUITE 624, MIAMI, FL 33131 -
ARTICLES OF CORRECT-ION/NAME CHANGE 2010-09-27 WATCH FACTS, INC -

Documents

Name Date
Merger 2013-09-23
ANNUAL REPORT 2013-04-14
ANNUAL REPORT 2012-04-24
ANNUAL REPORT 2011-04-29
Article of Correction/NC 2010-09-27
Domestic Profit 2010-08-20

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
4964148501 2021-02-26 0455 PPS 169 E Flagler St Ste 1500, Miami, FL, 33131-1207
Loan Status Date 2022-02-17
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 93041
Loan Approval Amount (current) 93041
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 N
Business Age Description Existing or more than 2 years old
Project Address Miami, MIAMI-DADE, FL, 33131-1207
Project Congressional District FL-27
Number of Employees 4
NAICS code 423940
Borrower Race Black or African American
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 93856.7
Forgiveness Paid Date 2022-01-13

Date of last update: 01 Apr 2025

Sources: Florida Department of State