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YUG SHAKTI, INC - Florida Company Profile

Company Details

Entity Name: YUG SHAKTI, INC
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

YUG SHAKTI, 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: 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: 18 Aug 2015 (10 years ago)
Document Number: P15000069491
FEI/EIN Number 47-4857847

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

Mail Address: 314 Basin Bayou Dr, Panama City Beach, FL, 32407, US
Address: 956 STATE HWY 20, FREEPORT, FL, 32439
ZIP code: 32439
County: Walton
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
Patel Jennis President 314 Basin Bayou Dr, Panama City Beach, FL, 32407
Patel Urvashi Vice President 314 Basin Bayou Dr, Panama City Beach, FL, 32407
PATEL JENNIS Agent 314 Basin Bayou Dr, Panama City Beach, FL, 32407

Events

Event Type Filed Date Value Description
CHANGE OF MAILING ADDRESS 2020-04-29 956 STATE HWY 20, FREEPORT, FL 32439 -
REGISTERED AGENT ADDRESS CHANGED 2020-04-29 314 Basin Bayou Dr, Panama City Beach, FL 32407 -

Documents

Name Date
ANNUAL REPORT 2024-04-28
ANNUAL REPORT 2023-04-05
ANNUAL REPORT 2022-02-08
ANNUAL REPORT 2021-03-29
ANNUAL REPORT 2020-04-29
ANNUAL REPORT 2019-04-03
ANNUAL REPORT 2018-04-30
ANNUAL REPORT 2017-04-30
ANNUAL REPORT 2016-04-22
Domestic Profit 2015-08-18

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5592897205 2020-04-27 0491 PPP 956 STATE HIGHWAY 20, FREEPORT, FL, 32439-3923
Loan Status Date 2021-04-08
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 29200
Loan Approval Amount (current) 29200
Undisbursed Amount 0
Franchise Name -
Lender Location ID 88793
Servicing Lender Name First Federal Bank
Servicing Lender Address 4705 W US Hwy 90, LAKE CITY, FL, 32055-4884
Rural or Urban Indicator R
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address FREEPORT, WALTON, FL, 32439-3923
Project Congressional District FL-01
Number of Employees 10
NAICS code 447110
Borrower Race Asian
Borrower Ethnicity Not Hispanic or Latino
Business Type Corporation
Originating Lender ID 88793
Originating Lender Name First Federal Bank
Originating Lender Address LAKE CITY, FL
Gender Male Owned
Veteran Unanswered
Forgiveness Amount 29457.93
Forgiveness Paid Date 2021-03-23

Date of last update: 01 Mar 2025

Sources: Florida Department of State