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PROPEL ENGINEERING, INC. - Florida Company Profile

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Company Details

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 (9 months ago)
Last Event: CONVERSION
Event Date Filed: 10 Sep 2024 (9 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

Key Officers & Management

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

Form 5500 Series

Employer Identification Number (EIN):
463316950
Plan Year:
2023
Number Of Participants:
19
Sponsors Telephone Number:
Plan Year:
2022
Number Of Participants:
15
Sponsors Telephone Number:
Plan Year:
2021
Number Of Participants:
13
Sponsors Telephone Number:

Events

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 -

Documents

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

Paycheck Protection Program

Date Approved:
2021-03-05
Loan Status:
Paid in Full
SBA Guaranty Percentage:
100
Initial Approval Amount:
186700
Current Approval Amount:
186700
Race:
Unanswered
Ethnicity:
Unknown/NotStated
Gender:
Unanswered
Veteran:
Unanswered
Forgiveness Amount:
187856.5

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Date of last update: 02 Jun 2025

Sources: Florida Department of State