|Florida Corporation Benefits|
|Well-Defined Business Structure||Florida corporations have a well-established business structure and chain of command. Officers attend to the daily operations of the corporations, while the board of directors controls company-wide decisions.|
|Florida Corporate Tax||Florida has a 5.5% corporate income tax. Florida does not have personal income tax.|
|Strong Asset Protection||One or more persons may form a Florida corporation. One individual may be the director, shareholder and officer of the corporation. A Florida corporation is a a legal entity separate from its incorporator, shareholders, officers, and directors. Florida corporations also have a long history of case law and provisions that provide extensive protections to shareholders, limiting their personal liabilities.|
|Investor Usability||Florida corporations can sell stocks and shares to raise capital. Potential company investors will likely be familiar with and feel comfortable investing in a Florida corporation.|
In Florida, corporations are formed by filing a formation document called the Articles of Incorporation with the Florida Division of Corporations.
Florida corporations can be filed by mail, online, or in person. Online filings take 2-3 business days. Mailed filings take 3-5 business days. In person filings are usually processed while you wait.
If you don’t want to form the corporation yourself, you can hire us to form a Florida corporation for $99 plus state fees.
|Florida Incorporation Costs|
|Filing Fee||$70 paid to the Florida Division of Corporations|
|Florida Corporation Maintenance Fees|
|Annual Report||$150 Florida annual report fee (must be filed by May 1)|
|Florida Business License||No state business license requirement. Check with the Florida Department of Business and Professional Regulation regarding your specific business activity.|
Under Florida law, the incorporators or board of directors are required to adopt bylaws, unless that power is reserved to the shareholders by the Articles of Incorporation. Corporate bylaws are very important in governing a corporation. If a corporation were a state, the bylaws would be the state laws. Corporate bylaws outline the rules by which the corporation operates, including: how to settle shareholder disputes, how profits and losses are distributed, shareholder rights, and many other finer details of a corporation’s inner workings. Organizational documents such as corporate bylaws are included with every IncFast package.
It is easy to go online and start a Florida corporation. But you should also consider how your business will be run in the long term. Do you have a plan to deal with potential shareholder disputes? What about electing officers? Corporate resolutions, bylaws, and stock certificates are also necessary to open a business bank account. Simply forming a corporation online isn’t enough. Most any serious business transactions require proof that you are authorized to deal on behalf of the corporation. Corporate resolutions and bylaws can do just that. When you hire IncFast, you’ll get all the business documents you need to start and maintain your Florida corporation. Hiring us is an easy decision.
In addition, you can also expect the following when you hire IncFast: