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PRECISION AIR SYSTEMS, INC. - Florida Company Profile

Company Details

Entity Name: PRECISION AIR SYSTEMS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

PRECISION AIR SYSTEMS, 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: 04 Apr 1994 (31 years ago)
Date of dissolution: 15 Dec 2023 (a year ago)
Last Event: CONVERSION
Event Date Filed: 15 Dec 2023 (a year ago)
Document Number: P94000026140
FEI/EIN Number 650480483

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

Address: 11101 S CROWN WAY, SUITE 2, WELLINGTON, FL, 33414, US
Mail Address: 11101 S CROWN WAY, SUITE 2, WELLINGTON, FL, 33414, US
ZIP code: 33414
County: Palm Beach
Place of Formation: FLORIDA

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PRECISION AIR SYSTEMS, INC. 401(K) PROFIT SHARING PLAN 2023 650480483 2025-01-07 PRECISION AIR SYSTEMS, INC 19
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2019-01-01
Business code 238220
Sponsor’s telephone number 5617913980
Plan sponsor’s address 11101 S CROWN WAY, STE 2, WELLINGTON, FL, 33414

Signature of

Role Plan administrator
Date 2025-01-07
Name of individual signing PREMANAND SONNY
Valid signature Filed with authorized/valid electronic signature
PRECISION AIR SYSTEMS, INC. CASH BALANCE PLAN 2022 650480483 2023-10-02 PRECISION AIR SYSTEMS, INC 14
File View Page
Three-digit plan number (PN) 002
Effective date of plan 2020-01-01
Business code 238220
Sponsor’s telephone number 5617913980
Plan sponsor’s address 11101 S CROWN WAY, STE 2, WELLINGTON, FL, 33414

Signature of

Role Plan administrator
Date 2023-10-02
Name of individual signing TERRY KOTALIK
Valid signature Filed with authorized/valid electronic signature
PRECISION AIR SYSTEMS, INC. CASH BALANCE PLAN 2021 650480483 2023-02-14 PRECISION AIR SYSTEMS, INC 14
File View Page
Three-digit plan number (PN) 002
Effective date of plan 2020-01-01
Business code 238220
Sponsor’s telephone number 5617913980
Plan sponsor’s address 11101 S CROWN WAY, STE 2, WELLINGTON, FL, 33414

Signature of

Role Plan administrator
Date 2023-02-14
Name of individual signing TERRY KOTALIK
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
C T CORPORATION SYSTEM Agent -
KOTALIK TERRY Vice President 11101 S CROWN WAY, WELLINGTON, FL, 33414
KOTALIK SY President 11101 S CROWN WAY, WELLINGTON, FL, 33414
Steinke Craig A Chief Executive Officer 650 South Tryon Street, Charlotte, NC, 28202
Ponzo Anthony Exec 650 South Tryon Street, Charlotte, NC, 28202
Richardson Jason Exec 650 South Tryon Street, Charlotte, NC, 28202
Wulinsky Scott Secretary 650 S. Tryon Street, Charlotte, NC, 28202

Events

Event Type Filed Date Value Description
CONVERSION 2023-12-15 - CONVERSION MEMBER. RESULTING CORPORATION WAS L23000552778. CONVERSION NUMBER 300000247733
REGISTERED AGENT NAME CHANGED 2021-11-10 C T CORPORATION SYSTEM -
REGISTERED AGENT ADDRESS CHANGED 2021-11-10 1200 SOUTH PINE ISLAND ROAD, PLANTATION, FL 33324 -
CHANGE OF PRINCIPAL ADDRESS 2007-01-04 11101 S CROWN WAY, SUITE 2, WELLINGTON, FL 33414 -
CHANGE OF MAILING ADDRESS 2007-01-04 11101 S CROWN WAY, SUITE 2, WELLINGTON, FL 33414 -
REINSTATEMENT 2002-11-14 - -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2002-10-04 - -

Documents

Name Date
ANNUAL REPORT 2023-04-05
AMENDED ANNUAL REPORT 2022-05-31
ANNUAL REPORT 2022-04-06
Reg. Agent Change 2021-11-10
ANNUAL REPORT 2021-01-28
ANNUAL REPORT 2020-02-17
ANNUAL REPORT 2019-02-12
ANNUAL REPORT 2018-01-19
ANNUAL REPORT 2017-01-12
ANNUAL REPORT 2016-02-01

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5022907008 2020-04-04 0455 PPP 11101 S Crown Way Suite 2, WELLINGTON, FL, 33414-8791
Loan Status Date 2021-05-19
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 770000
Loan Approval Amount (current) 770000
Undisbursed Amount 0
Franchise Name -
Lender Location ID 17124
Servicing Lender Name City National Bank of Florida
Servicing Lender Address 100 SE 2nd St, MIAMI, FL, 33131
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address WELLINGTON, PALM BEACH, FL, 33414-8791
Project Congressional District FL-22
Number of Employees 44
NAICS code 238220
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 17124
Originating Lender Name City National Bank of Florida
Originating Lender Address MIAMI, FL
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 722268.59
Forgiveness Paid Date 2021-02-23

U.S. Small Business Administration Profile

Status User ID Name of Firm Trade Name UEI Address
Active P0902955 PRECISION AIR SYSTEMS, INC. PRECISION AIR SYSTEMS INC CMN4MNWLK6B9 11101 S CROWN WAY, STE 2, ROYAL PALM BEACH, FL, 33414-8792
Capabilities Statement Link -
Phone Number 561-791-3980
Fax Number 561-795-1693
E-mail Address Michelle@Precisionairsystemsinc.com
WWW Page PrecisionAirSystemsinc.com
E-Commerce Website -
Contact Person MICHELLE COSME
County Code (3 digit) 099
Congressional District 22
Metropolitan Statistical Area 8960
CAGE Code 4W6Q8
Year Established 1994
Accepts Government Credit Card Yes
Legal Structure Subchapter S Corporation
Ownership and Self-Certifications Self-Certified Small Disadvantaged Business
Business Development Servicing Office SOUTH FLORIDA DISTRICT OFFICE (SBA office code 0455)
Capabilities Narrative (none given)
Special Equipment/Materials (none given)
Business Type Percentages (none given)
Keywords (none given)
Quality Assurance Standards (none given)
Electronic Data Interchange capable -

SBA Federal Certifications

HUBZone Certified No
Women Owned Certified No
Women Owned Pending No
Economically Disadvantaged Women Owned Certified No
Economically Disadvantaged Women Owned Pending No
Veteran-Owned Small Business Certified No
Veteran-Owned Small Business Joint Venture No
Service-Disabled Veteran-Owned Small Business Certified No
Service-Disabled Veteran-Owned Small Business Joint Venture No

Bonding Levels

Description Construction Bonding Level (per contract)
Level (none given)
Description Construction Bonding Level (aggregate)
Level (none given)
Description Service Bonding Level (per contract)
Level (none given)
Description Service Bonding Level (aggregate)
Level (none given)

NAICS Codes with Size Determinations by NAICS

Primary Yes
Code 238220
NAICS Code's Description Plumbing, Heating, and Air?Conditioning Contractors
Buy Green Yes

Export Profile (Trade Mission Online)

Exporter Firm hasn't answered this question yet
Export Business Activities (none given)
Exporting to (none given)
Desired Export Business Relationships (none given)
Description of Export Objective(s) (none given)

Date of last update: 01 Apr 2025

Sources: Florida Department of State