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GEM WATERSPORTS, INC. - Florida Company Profile

Company Details

Entity Name: GEM WATERSPORTS, INC.
Jurisdiction: FLORIDA
Filing Type: Domestic Profit

GEM WATERSPORTS, 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: 10 Jul 1998 (27 years ago)
Date of dissolution: 03 Mar 2024 (a year ago)
Last Event: VOLUNTARY DISSOLUTION
Event Date Filed: 03 Mar 2024 (a year ago)
Document Number: P98000061148
FEI/EIN Number 650848669

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

Address: #1 SOUTH COUNTY ROAD, PALM BEACH, FL, 33480, US
Mail Address: 418 MARLIN ROAD, NORTH PALM BEACH, FL, 33408, US
ZIP code: 33480
County: Palm Beach
Place of Formation: FLORIDA

Key Officers & Management

Name Role Address
ENGEL MICHAEL Director 7200 North West 2nd. Avenue, Boca Raton, FL, 33487
GEISLER GARY Director 418 MARLIN ROAD, NORTH PALM BEACH, FL, 33408
GEISLER GARY Agent 418 MARLIN ROAD, NORTH PALM BEACH, FL, 33408

Events

Event Type Filed Date Value Description
VOLUNTARY DISSOLUTION 2024-03-03 - -
CANCEL ADM DISS/REV 2006-10-25 - -
CHANGE OF PRINCIPAL ADDRESS 2006-10-25 #1 SOUTH COUNTY ROAD, PALM BEACH, FL 33480 -
REGISTERED AGENT ADDRESS CHANGED 2006-10-25 418 MARLIN ROAD, NORTH PALM BEACH, FL 33408 -
CHANGE OF MAILING ADDRESS 2006-10-25 #1 SOUTH COUNTY ROAD, PALM BEACH, FL 33480 -
REGISTERED AGENT NAME CHANGED 2006-10-25 GEISLER, GARY -
ADMIN DISSOLUTION FOR ANNUAL REPORT 2006-09-15 - -

Documents

Name Date
VOLUNTARY DISSOLUTION 2024-03-03
ANNUAL REPORT 2023-03-23
ANNUAL REPORT 2022-03-08
ANNUAL REPORT 2021-02-02
ANNUAL REPORT 2020-03-23
ANNUAL REPORT 2019-02-26
ANNUAL REPORT 2018-01-22
ANNUAL REPORT 2017-03-28
ANNUAL REPORT 2016-02-04
ANNUAL REPORT 2015-02-17

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5546098403 2021-02-08 0455 PPS 1 S County Rd, Palm Beach, FL, 33480-4023
Loan Status Date 2021-09-28
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 14190
Loan Approval Amount (current) 14190
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Palm Beach, PALM BEACH, FL, 33480-4023
Project Congressional District FL-22
Number of Employees 3
NAICS code 713990
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 14258.03
Forgiveness Paid Date 2021-08-04
9778237300 2020-05-02 0455 PPP 418 MARLIN RD, NORTH PALM BEACH, FL, 33408-4322
Loan Status Date 2022-06-16
Loan Status Paid in Full
Loan Maturity in Months 24
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 24190
Loan Approval Amount (current) 24190
Undisbursed Amount 0
Franchise Name -
Lender Location ID 9551
Servicing Lender Name Bank of America, National Association
Servicing Lender Address 100 N Tryon St, Ste 170, CHARLOTTE, NC, 28202-4024
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address NORTH PALM BEACH, PALM BEACH, FL, 33408-4322
Project Congressional District FL-21
Number of Employees 3
NAICS code 999990
Borrower Race Unanswered
Borrower Ethnicity Unknown/NotStated
Business Type Corporation
Originating Lender ID 9551
Originating Lender Name Bank of America, National Association
Originating Lender Address CHARLOTTE, NC
Gender Unanswered
Veteran Unanswered
Forgiveness Amount 14337.34
Forgiveness Paid Date 2021-05-20

Date of last update: 03 Apr 2025

Sources: Florida Department of State