How to Incorporate in Florida

2007-10-15 12:53:47

( Business )



Why Incorporate in Florida?

If you would like to incorporate your business, you should consider doing it in Florida. Compared to other states, Florida gives you certain advantages in taxes and documentary requirements.

The state has no personal income tax requirement, so you only need to file your corporate tax returns.

Documentary requirements are also simpler for businesses that incorporate in Florida. You don't need to list your shareholders, officers and directors. There are no minimum capital requirements for incorporating in Florida. Florida laws also protect the privacy of owners and management of corporations.

Procedures for Incorporating in Florida

You can incorporate in Florida either through mail or online. One way is to prepare your articles of incorporation and send it by fax. Or you can complete an online articles of incorporation form and send it directly to the state.

If you don't reside in Florida, you need to appoint someone who lives there as your registered agent, to receive documents and other communication from the state on your behalf. The address of your registered agent must be a street or physical address, not just a postal office box number.

You also need to indicate your corporate name which must contain any of the words COMPANY, INCORPORATED or CORPORATION, and your corporate address. You may use a home address or postal office box address for this purpose. You also need to pay the corresponding filing fee, about a little less than two hundred dollars.

The process of incorporating in Florida takes at least two business days, as long as you have completed the requirements adequately. The state department of Florida will email you back your articles of incorporation and a confirmation number once the incorporation has been executed.

After you have incorporated, you also need to obtain an employer identification number or tax ID number. This is a requirement for opening a corporate bank account.

To make sure that you are complying properly with all the paperwork and procedures, you should consult your lawyer or any authorized personnel of the Florida state department.


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