Florida Incorporation
Why Incorporate in Florida?
Learn About Incorporating
and the differences between corporations, types of corporations,
and Limited Liability Companies also know as LLC's
What is a Corporation?
The
corporation is a separate and distinct legal entity
apart from the owners of the business. A corporation
can own property, enter into contracts, and conduct
business under its own name.
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What are the advantages
of a corporation?
A
Corporation is a separate legal entity with its own
identity separate and apart from its shareholders (owners).
As a separate legal entity, a corporation is responsible
for its own debts. Normally, shareholders,
directors, and officers are not responsible for corporate
liabilities. If the corporation suffers losses,
the corporation itself must bear those losses to the
extent of its own resources, and not the personal assets
of the individual shareholders. Thus, the corporation
protects the owner of a business against personal liability.
Other
advantages include:
- Sale of stock for the purposes of raising capital
is often more attractive to investors than other forms
of equity.
- A corporation can continue to exist after the
death of its founders Stock may be transferred
so that owners can distribute their interest in the
corporation without the corporation dissolving.
- Corporations have many tax options available,
including setting up pension, profit sharing, and
stock option plans.
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Do I need an attorney to incorporate?
While
you may consult with an attorney to form your corporation,
it is not necessary. We will do all the work necessary
to form your new corporation. Simply fill out our online
order form, or call 1-888-INC-XYZ5 OR 1-888-462-9995 and speak to a representative
and leave the rest to us and save money on attorney’s
fees.
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Naming the Corporation
The
owner can chose any name for your corporation that you
prefer, however, the name must not be the name of an
existing corporation, i.e., the name must be distinguishable.
As part of our service, we will perform the preliminary
name check for you.
Additionally, "Inc", "Co", "Incorporation", "Corporation",
"Company", "Limited", or "LTD" must follow the corporate
name.
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What is a registered agent?
Most
states require a registered agent. A registered agent
is responsible for receiving any legal documentation
on behalf of the corporation.
Quite
frequently, YOU can act as your own registered agent
as long as your address is within the state that you
are incorporating in.
There
are other services that will charge you a service fee
for not choosing them as a registered agent.
Not
us!!
As
a matter of fact, we encourage you to act as your own
agent and, of course, there is no charge.
However,
if registered agent services are required, we are able
to assist in any state (as we frequently do in Nevada
and Delaware for out of state residents).
Simply
call 1-888-INC-XYZ5 OR 1-888-462-9995 to inquire.
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What are the advantages of
a S corporation?
An
S corporation is the election of a special tax designation
which must be applied for and granted by the IRS to
corporations that have already been formed. This
election, in general allows for the income of the S
corporation to be taxed to the shareholder of the corporation
as opposed to the corporation per se. Our online order form allows you to choose this
option.
The
primary advantage of an S corporation is the avoidance
of double taxation. That is, the avoidance of
payment of income tax on corporate net income, and then
the payment of a further tax on the dividend income
that is derived from the corporation.
Thus,
an S corporation allows certain income, deductions,
and losses to be passed through the S corporation to
the individual tax return of each shareholder.
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What
services does incorporate-incorporation provide for me in a formation
of my corporation?
incorporate-incorporation
will file all the all the paperwork and documents necessary
to form your corporation. In addition our low fee also
includes name search and availability and a payment
of the state filing fees.
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What is a corporate kit?
(more information on this subject)
The
corporate kit includes a professional customized binder
with your corporate name and a matching slip case, custom
corporate seal, 20 custom stock certificates with your
corporate name, stock transfer ledger, sample minutes
of organizational meetings and sample bylaws.
In several states, the corporate seal kit is frequently
required to open a corporate bank account.
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What is your low fee policy?
(view our affordable fee table)
We
offer you the lowest possible price on the internet.
If you find a lower total inclusive price please let
us know and we will do our very best to satisfy you.
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How do I file for my Corporation?
incorporate-incorporation.com will file and execute all the necessary paper
work and documentation to file your corporation. Simply
utilize our online order form or call 1-888-INC-XYZ5 OR 1-888-462-9995
to place your order over the phone.
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What is a Limited Liability Company?
An LLC or a Limited
Liability Company is a separate legal entity (business
structure) from the owners of the LLC. An owner of an
LLC is frequently referred to as member.
An LLC is frequently
referred to as a hybrid of a corporation and a partnership.
The members of a limited liability company are shielded
from personal liability and profits and losses may pass
directly to the members without taxation of the LLC
itself.
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What are the benefits of an LLC?
As mentioned
above, an LLC offers primarily two benefits. First and
foremost, an LLC provides the members protection from
personal liability. Additionally, an LLC provides certain
tax benefits. That is, an LLC allows for pass through
taxation.
An LLC is similar
to a corporation because it has a) limited liability;
b) free transferability c) continuity; d) centralized
management.
The taxation
of a limited liability company is comparable to an S
corporation. However, unlike an S corporation
an LLC can have an unlimited number of shareholders
or "members" as they are known in an LLC. Additionally,
there are no restrictions on who is a shareholder as
there may be with an S corporation.
Thus, an LLC
is similar to a corporation because it allows for protection
from personal liability and simultaneously it is similar
to a partnership because it allows for pass through
taxation. Therefore, an LLC is commonly referred to
as "hybrid corporation/partnership".
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Naming
the LLC
The
owner can chose any name for your LLC that you prefer,
however, the name must not be the name of an existing
LLC, i.e., the name must be distinguishable. As
part of our service, we will perform the preliminary
name check for you.
Additionally, "LLC", or "Limited Liability
Company" must follow the entity name.
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What is the organizational structure of an LLC?
The
company may be directly by the members, or members may
designate a manager. If management is by the members
then each member is a manager of the company.
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What
is a LLC kit?
(more information on this subject)
The LLC kit includes
a professional customized binder with your LLC name
and a matching slip case, custom LLC seal, 20 custom
membership certificates with your LLC's name, sample
operating agreement and transfer ledger. In several
states, the seal is necessary to open a bank account
under the LLC.
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What services does incorporate-incorporation provide for me
in a formation of my LLC?
incorporate-incorporation
will file all the all the paperwork and documents necessary
to form your LLC. In addition our low fee also includes
name search and availability and a payment of the state
filing fees.
return to top
What
is your low fee policy? (view our affordable fee table)
We offer you the lowest
possible price on the internet. If you find a
lower total inclusive price please let us know and we
will do our very best to satisfy you.
return to top
How do I file for my LLC?
incorporate-incorporation.com will file and execute all the necessary
paper work and documentation to file your Limited Liability
Company. Simply utilize our online order form or call 1-888-INC-XYZ5 OR 1-888-462-9995 to place your order over the phone.
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What is the best state to incorporate in?
You
are free to incorporate in any of the 50 states.
While we cannot give you legal advice, statistically
most small businesses choose their home state to incorporate
in. The primary reasons are for ease, convenience,
and cost.
The
savings of incorporating in your home state are realized
by the fact that you may serve as your own registered
agent if you reside in the state that you are incorporating
in. A registered
agent is simply a person that is designated to receive
documentation (mail or service of process for example)
on behalf of the corporation. To reduce incorporation
costs many of customers prefer to act as registered
agent for the corporation being formed. At incorporate-incorporation, we encourage you
to act as your own agent and, of course, there is no
charge.
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C Corporations Compared
to S Corporations
| Below
is a comparison of C Corporations and S Corporations: |
| |
|
| C
Corporation: |
S
Corporation: |
| |
|
- Potential
double taxation at the corporate level
and the shareholder level. That is,
the corporation is first subject to tax at
the corporate level, and then any profits
(or dividends) the corporation distributes
to the shareholders are subject to tax as
well.
|
- S
Election avoids double taxation as it is treated
as a pass-through entity. That is, in
an S corporation the profit or losses pass
through the entity directly to the ownership
(shareholders) level. In sum, the
S Corporation avoids double taxation as it
is only taxed once, i.e., at the shareholder
level.
|
- Unlimited
number of shareholders.
|
- Limited
Number of Shareholders: 75
|
- Shareholder
can be a foreign citizen.
|
|
| |
-
Both
a Corporation and an S Corporation are separate
legal entities that offer the same liability
protection
for their owners.
-
In
essence, an S Corporation is a C Corporation
that elects the sub s election tax status.
As explained above, the S election avoids
double taxation that is common to C Corporations.
We can file your entity as an S corporation,
simply check the S election option at the
end on our incorporation order form at:
http://www.incorporate-incorporation.com/order.html
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C Corporations Compared to LLC's
| Below
is a comparison of C Corporations & LLC's: |
| |
|
| C
Corporation: |
LLC: |
| |
|
| |
|
| |
- Allows
for an unlimited number of members.
|
| |
- Member
can be a foreign citizen
|
-
Potential double taxation at the corporate level and
the shareholder level. That
is, the corporation is first subject
to tax at the corporate level, and
then any profits (or dividends)
the corporation distributes to the
shareholders are subject to tax
as well.
|
- An
LLC is treated as a pass-through tax
entity. That is, in an LLC the profit
or losses pass through the entity
directly to the ownership (member)
level, avoiding double taxation.
|
| |
- An
LLC has less corporate formalities,
i.e., members of an LLC are not required
to hold annual meetings.
|
|
S Corporations Compared to LLC's
| Below
is a comparison of S Corporations & LLC's: |
| S
Corporation: |
LLC: |
| |
|
| |
|
| |
- Allows
for an unlimited number of members.
|
| |
- Member
can be a foreign citizen
|
-
S
election avoids double taxation
as it is treated as a pass-through
entity. That is, in an S corporation
the profit or losses pass through
the entity directly to the ownership
(shareholders) level. In sum,
the S Corporation avoids double
taxation as it is only taxed once,
i.e., at the shareholder level.
|
- An
LLC is treated as a pass-through tax
entity. That is, in an LLC the profit
or losses pass through the entity
directly to the ownership (member)
level, avoiding double taxation.
|
| |
- An
LLC has less corporate formalities,
i.e., members of an LLC are not required
to hold annual meetings.
|
|
Business choose Florida as one
of the top few states to incorporate. Florida has become
one of the most desirable states in the country in which
to conduct business. The State consistently leads the
nation in new business incorporations. With one of the
largest supplies of business parks, an advantageous
business tax system, transportation availability, 14
foreign trade zones, an abundance of electrical power,
and a large population of skilled human resources, Florida
provides everything that a business requires to function.
Some reasons why business choose to
incorporate in Florida are:
-
No personal income
tax: Florida S corporations are not subjected
to a 5.5% federal income tax for earnings over $5000.00
and are not required to file state income tax return
after the first year.
-
No mimimum capital
requirement to start a business in Florida:
While other states require business capital of $1000.00
or more, the State of Florida DOES NOT require that
of its businesses.
-
Business privacy:
Name and addresses of directors, officers, or
shareholders are not required to be listed in the
articles of incorporation.
Florida Division of Corporations
handles all business incorporations in Florida. The
Division of Corporations is a ministerial filing agency
which serves as the statewide central repository for
business entity filings and Uniform Business Reports
/ annual reports, the statewide central filing office
for judgment lien filings, and the statewide central
registration office for fictitious names, trademarks
and service marks.
Florida is a Global Business Friendly Environment
Source: http://www.eflorida.com/
-
Florida’s knowledge base continues to blossom
through the support of strong research & development
efforts and technology transfer. Government, industry and
academia have converged to create partnerships that will
continue to advance Florida’s technology leadership and
workforce talent.
-
Florida is also considered a global gateway
for international commerce. Whether your organization needs
to move products, services or data, Florida’s infrastructure
provides ready worldwide connectivity.
-
Florida also offers an environment conducive
to the entrepreneurial spirit. Numerous venture capital
firms, angel investors, technology incubators and strong
university research programs help fuel business development
and expansion.
-
While businesses enjoy a stable tax structure
and exceptional incentives, the people of Florida also
benefit from no state personal income tax, a strong
educational system, affordable housing and an enviable
quality of life.
Incorporate A.S.A.P. ! provides complete
Florida business incorporation services. Our LOW INCORPORATION
COST will save your time and money for hiring an attorney. Our
Florida Incorporation service includes everything you need for
forming a Florida profit or non-profit Corporation or LLC.
Business Registration is easy. Setting up an LLC or starting a
corporation is easy. Just fill in our secure online
incorporation form and we will do the rest. You save more time
by incorporating your business through incorporate-corporation.com
-
We make a preliminary check of your name
choice(s) for your Florida Incorporation or Florida LLC.
-
We prepare and submit required documents that
will form your Flroida Corporation
-
We forward original Florida incorporation or
LLC documents that we receive from the Florida Secretary of
State.
-
We update the status of your incorporation or
LLC at our web site for you to monitor.
Basic requirement to incorporate:
Florida
Profit Corporations | Non
Profit Corporations | Limited
Liability Company
Florida
Incorporation Information
Incorporate
in Florida |
