| Entity Name: | MAGNETIC WEALTH GROUP, INC |
| Jurisdiction: | FLORIDA |
| Filing Type: |
Domestic Profit
MAGNETIC WEALTH GROUP, 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: | 28 Oct 2011 (13 years ago) |
| Date of dissolution: | 28 Sep 2012 (13 years ago) |
| Last Event: | ADMIN DISSOLUTION FOR ANNUAL REPORT |
| Event Date Filed: | 28 Sep 2012 (13 years ago) |
| Document Number: | P11000094361 |
| Address: | 3814 SW KAKOPO ST, PORT SAINT LUCIE, FL, 34953 |
| Mail Address: | 3814 SW KAKOPO ST, PORT SAINT LUCIE, FL, 34953 |
| ZIP code: | 34953 |
| County: | St. Lucie |
| Place of Formation: | FLORIDA |
| Name | Role | Address |
|---|---|---|
| COLES JOSEPH A | President | 3814 SW KAKOPO ST, PORT SAINT LUCIE, FL, 34953 |
| SCROGGIN JACOB J | Vice President | 874 SW GOODRICH ST, PORT SAINT LUCIE, FL, 34983 |
| COLES JOSEPH A | Agent | 3814 SW KAKOPO ST, PORT SAINT LUCIE, FL, 34953 |
| Event Type | Filed Date | Value | Description |
|---|---|---|---|
| ADMIN DISSOLUTION FOR ANNUAL REPORT | 2012-09-28 | - | - |
| Name | Date |
|---|---|
| Domestic Profit | 2011-10-28 |
Date of last update: 01 Apr 2025
Sources: Florida Department of State
