Incorporating in Florida: Better Than The Rest

2007-03-08 10:33:40

( Business )



Incorporating in Florida does offer the same advantages as incorporating anywhere else in the United States. Whether you incorporate in Delaware or incorporate in Nevada, you find yourself part of a business entity that will remain long after you do.

Incorporating in Florida, however, offers you something more than other states. Since most corporate laws differ from state to state, it helps to know about them wherever you decide to incorporate. If you have the budget, you can consult with a lawyer for better understanding and familiarization, but if not, you can easily surf the Internet to learn more about incorporating in Florida.

For instance, if you incorporate in Florida, there are no minimum capital requirements. This makes it easy for small and medium sized businesses to set up shop. Even if have a small pool of money to start your business, you can set up a corporation and get started with earning profits.

Incorporating in Florida also offers privacy. There is no need to list the shareholders when you apply for a corporation. Although records of corporations are accessible by anyone in the general public who wants to see them, you do not have to reveal the directors of your corporation if you do not wish to do so.

There is such a thing as an S corporation in Florida. The primary benefit of an S corporation in Florida is that they are not taxable. They are not even required to file income tax returns. This is definitely helpful if you are not particularly keen on doing any paperwork that could be cumbersome for the business. You do not have to worry about tax deadlines and tax forms if you have an S corporation in Florida. Furthermore, this will also give you added savings if you do not need to pay taxes to the government.


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