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Business Registration in Florida
The Sunshine State carries potential for small business owners seeking asset protection, while gaining potential tax advantages and maximizing the credibility of a legal business name. Register Company Forms simple application process makes this process seamless.
According to the State of Florida Division of Corporations, Florida generally leads the nation in new business formation. The State of Florida Division of Corporations speculates that this is because of the many advantages Florida Corporations have that corporations in other states do not have. Benefits to Florida State corporations include Florida’s low tax rates, a skilled and relatively cheap work force, and easy access to many foreign markets. Register Company Forms makes it easy to register a business name in Florida.
Limited Liability Company: $138.75
Filing Date Requirement.
Florida Limited Liability
Limited liability shields the shareholders and company principals of Florida corporations from personal liability in almost all cases. For example, if Florida State corporations are indebted, creditors will not be able to attempt to collect from the shareholders and principals of these Florida corporations
Florida Corporations Director Requirement
The Florida Department of Corporations only requires 1 director, so the same person can be a Director, the President, Treasurer and Secretary. Many other states require more than one director and require that all of the officers be different people.
Florida corporations also have a continuous life. Florida corporations continue regardless of changes in ownership. Shareholders of Florida corporations can and probably will change often, but the continuation of Florida State corporations will not be affected by this change.
Raising Investment Money for Florida Corporations
Forming a Florida corporation will also help you to raise money from outside investors for your business. This is because Florida State corporations’ shares are easily transferable, so all Florida corporations can easily sell shares in exchange for the investment.
Florida corporations can undertake all lawful activities
The State of Florida Division of Corporations allows corporations (other than licensed professionals (eg. Lawyers, doctors)) to perform all lawful business activities.
Florida Corporation Privacy
No records of stock ownership for Florida corporations. The State of Florida Division of Corporations does not keep records of who owns stock in a Florida corporation.
Florida Corporations capital requirement
Several states require that a corporation be capitalized with at least $1,000. The Florida Department of Corporations does not have any capital requirements for incorporating in Florida.
Forming a Florida corporation will provide your business with a more professional appearance. Florida corporations can proudly display their Inc. initials after their name, illustrating their official stamp of approval from the State of Florida Division of Corporations. Forming a Florida corporation may also help you obtain bank loans. In addition, corporate formalities that are required for all Florida State corporations, such as the need to hold director and shareholder meetings and to appoint officers, may also help you to run your business more efficiently.
Benefits for Employees of Florida State Corporations
Another reason for incorporating in Florida is that Florida corporations are structured to accommodate employees. If you are incorporated, you can adopt various employee benefit plans, such as stock option plans. You can also deduct certain contributions to employee health and disability benefit plans.