Legal Question in Business Law in Florida

In Florida, are corporations required to report their source of profit? If so, how do I retrieve that info?


Asked on 1/31/12, 1:21 pm

1 Answer from Attorneys

Sanford M. Martin Sanford M. Martin, P.A.

No. Except to shareholders and other parties determined by the corporation, a corporation

may maintain confidentiality regarding financial matters. A creditor may require such

information as part of an agreement for credit, but the general public has no right to

access the financial records of private for-profit corporations. Of course, a corporation will

report such information to the IRS and state Dept. of Revenue.

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Answered on 1/31/12, 1:26 pm


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