Incorporating in Florida: A Walk in the Park

2007-03-08 10:33:40

( Business )



JUDGEMENT CALL

After arriving at the decision to incorporate a business, one of the more crucial judgment calls that a businessman must make is the choice of where to make the incorporation; what state will the business be established. Depending on the type of business and your target market, the choice of incorporation domicile can make or break your business.

If you are a businessman, it is a must that you know how to incorporate yourself and where the incorporation will take place. The decision as to the place of incorporation should not be done carelessly. Do your homework and read up on the benefits if you incorporate in Delaware, incorporate in Nevada, or anywhere else for that matter.

The truth is that some states are indeed more business-friendly than others. If your business is not tied to or dependent on your current place of residency or if moving is something you are willing to do, then an option you might just want to consider is incorporating in Florida.

LESS RESTRICTIVE

Florida is among the better places for incorporation. Why? Because in incorporating in Florida is very easy and requires less stringent requirements. So if you are a start-up, then the less restrictive legal character of Florida makes it an ideal place for you to begin a business.

Another good thing about incorporating in Florida is that it does not have a minimum amount requirement for capital investment. This means that small-businesses and those people with very limited capital can start a corporation in Florida and take advantage of system there. This arrangement makes it possible for small-start ups to enjoy the privileges of incorporation without having to shoulder the prohibitive costs of incorporating.

Indeed, incorporating in Florida sounds like a walk in the park. But make no mistake about it, incorporation, wherever it may be, is a serious endeavor that requires responsibilities that if not met can have dire legal consequences.


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