Using Florida Incorporation

Form a business with Florida incorporations

Making a new corporation is one of the most common reasons for using Florida incorporation. A small business may prefer to file the documentation needed to incorporate a business directly with the state. There are also many companies that provide business formation services for a fee.

The most important factor in starting a corporation in Florida is choosing a specific business structure. Florida partnership law makes some important distinctions between a corporation and a Limited Liability Company (LLC). An LLC in Florida generally does not pay a business tax although the partners are liable for business debts.

Corporate law defines the way in which the following entities interact:

1. Shareholders that collectively invest in an incorporation in Florida. Shareholders may hold special privileges such electing a board of directors, proposing resolutions and sharing in the company’s income.

2. Directors that oversee the company’s activities. The activities of the board of directors are typically determined by the company’s bylaws. The board of directors and the shareholders are typically the same group of people in a small business.

3. Employees that provide expertise and perform labor for the company. Employees are also shareholders in many cases.

 

Select the best structure for your Florida company incorporation

Your choice of business types can include corporations, full partnerships and limited partnerships. There are many sites that summarize business laws in Florida and you may also need an attorney to explain these laws to you.
Try: All Accounting Services in Hialeah offers a discussion on selecting a structure for a new business. Florida-Incorporation.com provides a comparison of the various business types specifically for business owners in Florida.

Use Florida incorporation services

There are many online services that can submit the required forms on your behalf in exchange for a fee. However, you will still need to comply with the disclosure, operating and reporting requirements.
Try: StateOfFlorida.com provides an online service to help you form a Florida business LLC. Florida Corporation Help offers document filing assistance for business owners wishing to incorporate in Florida.

Create a new business by forming an LLC in Florida

Each state has a department that is responsible for the formation of new businesses. You can complete these forms yourself and submit them directly to the correct government department.
Try: Florida Corporate provides many free resources to allow you to incorporate yourself without paying unnecessary fees. Florida Small Business Development Center Network offers free online business consulting services.

 

• You will need to select a name before you incorporate in Florida. Many online services provide a name search function to determine if a particular name has been used before. The required forms will also provide spaces for more than one business name in many cases. This increases the chances that an unused name can be found.

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