In Florida, annual reports for corporations, limited liability companies (LLCs), and other business entities are due by May 1st each year. If the annual report is filed after this date, there is a late filing penalty of $400. It's important to note that the state does not provide a grace period beyond May 1st for these filings.Using a registered agent service can help avoid issues with late filings and penalties in several ways:Timely Notifications: Registered agents are responsible for receiving legal and government documents for businesses and reminders and notifications about due dates for mandatory filings like annual reports.Professional Management: Registered agent services often offer additional compliance assistance, such as tracking filing deadlines and submitting required documents on time. This professional oversight ensures that nothing gets overlooked.Consistent Availability: A registered agent is required to be available during regular business hours to receive important documents. This consistency ensures that all critical communications are promptly received and handled, reducing the risk of missed deadlines due to unavailability.Using an attorney as a registered agent offers significant advantages due to their legal expertise and ability to provide immediate legal advice and understand complex legal documents and actions, ensuring professional and confidential handling of sensitive information under attorney-client privilege and mitigating potential legal and financial repercussions.