| Entity Name: | PROPEL ENGINEERING, INC. |
| Jurisdiction: | FLORIDA |
| Filing Type: |
Domestic Profit
PROPEL ENGINEERING, 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: | 29 Jul 2013 (12 years ago) |
| Date of dissolution: | 10 Sep 2024 (8 months ago) |
| Last Event: | CONVERSION |
| Event Date Filed: | 10 Sep 2024 (8 months ago) |
| Document Number: | P13000063236 |
| FEI/EIN Number |
46-3316950
Federal Employer Identification (FEI) Number assigned by the IRS. |
| Address: | 2711 Vista Parkway, West Palm Beach, FL, 33411, US |
| Mail Address: | 2711 Vista Parkway, West Palm Beach, FL, 33411, US |
| ZIP code: | 33411 |
| County: | Palm Beach |
| Place of Formation: | FLORIDA |
| Plan Name | Plan Year | EIN/PN | Received | Sponsor | Total number of participants | |||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| PROPEL ENGINEERING 401(K) PLAN | 2023 | 463316950 | 2024-09-13 | PROPEL ENGINEERING, INC. | 19 | |||||||||||||||||||||||
|
||||||||||||||||||||||||||||
| Role | Plan administrator |
| Date | 2024-09-13 |
| Name of individual signing | MAJHARUL ALAM |
| Valid signature | Filed with authorized/valid electronic signature |
| File | View Page |
| Three-digit plan number (PN) | 001 |
| Effective date of plan | 2017-01-01 |
| Business code | 541330 |
| Sponsor’s telephone number | 5618665730 |
| Plan sponsor’s address | 2711 VISTA PARKWAY, SUITE B-7, WEST PALM BEACH, FL, 33411 |
Signature of
| Role | Plan administrator |
| Date | 2023-09-27 |
| Name of individual signing | MAJHARUL ALAM |
| Valid signature | Filed with authorized/valid electronic signature |
| File | View Page |
| Three-digit plan number (PN) | 001 |
| Effective date of plan | 2017-01-01 |
| Business code | 541330 |
| Sponsor’s telephone number | 5618665730 |
| Plan sponsor’s address | 2711 VISTA PARKWAY, SUITE B-7, WEST PALM BEACH, FL, 33411 |
Signature of
| Role | Plan administrator |
| Date | 2022-10-04 |
| Name of individual signing | MAJHARUL ALAM |
| Valid signature | Filed with authorized/valid electronic signature |
| Name | Role | Address |
|---|---|---|
| ALAM MAJHARUL | President | 6410 Boyd Lane, Lake Worth, FL, 33462 |
| USHA SELINA | Vice President | 6410 Boyd Lane, Lake Worth, FL, 33462 |
| USHA SELINA | Agent | 6410 Boyd Lane, Lake Worth, FL, 33462 |
| Event Type | Filed Date | Value | Description |
|---|---|---|---|
| CONVERSION | 2024-09-10 | - | CONVERSION MEMBER. RESULTING CORPORATION WAS L24000388611. CONVERSION NUMBER 300000258183 |
| CHANGE OF PRINCIPAL ADDRESS | 2021-03-06 | 2711 Vista Parkway, B-7, West Palm Beach, FL 33411 | - |
| CHANGE OF MAILING ADDRESS | 2021-03-06 | 2711 Vista Parkway, B-7, West Palm Beach, FL 33411 | - |
| REGISTERED AGENT ADDRESS CHANGED | 2020-02-11 | 6410 Boyd Lane, Lake Worth, FL 33462 | - |
| Name | Date |
|---|---|
| ANNUAL REPORT | 2024-01-30 |
| ANNUAL REPORT | 2023-01-22 |
| ANNUAL REPORT | 2022-04-17 |
| ANNUAL REPORT | 2021-03-06 |
| ANNUAL REPORT | 2020-02-11 |
| ANNUAL REPORT | 2019-02-28 |
| ANNUAL REPORT | 2018-01-20 |
| ANNUAL REPORT | 2017-01-27 |
| ANNUAL REPORT | 2016-04-05 |
| ANNUAL REPORT | 2015-04-25 |
| Loan Number | Loan Funded Date | SBA Origination Office Code | Loan Delivery Method | Borrower Street Address | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7209028500 | 2021-03-05 | 0455 | PPS | 2711 Vista Pkwy Ste B7, West Palm Beach, FL, 33411-2732 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Date of last update: 02 Apr 2025
Sources: Florida Department of State
