Thursday 27 December 2018

How To #Start, Form, and Set Up A #Corporation #Online In #Florida 2019

How To Start, Form, and Set Up A Corporation Online In Florida 2019


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How much does it cost to start a corporation in Florida?

The actual cost to incorporate in Florida, however, can depend on several variables, such as where you are located and what kind of corporation you run. Additional fees may also need to be paid to the Florida Department of State Division of Corporations. Some common corporation fees include: Certified copy fee: $8.75.
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How do you get incorporated in Florida?

Incorporating in Florida: FAQs
Choose an organization name according to Florida’s rules.
File your organization’s articles of incorporation with the Department of State.
Hold a meeting to write your organization’s bylaws.

Request a Federal Employer Identification Number (FEIN) from the IRS.

How do I start a Florida corporation online?

How to Form a Corporation in Florida
Choose a Corporate Name. …
Prepare and File Certificate of Incorporation. …
Appoint a Registered Agent. …
Set Up a Corporate Records Book. …
Hold Your First Board of Directors Meeting. …
Prepare Corporate Bylaws. …
Appoint Initial Corporate Directors. …
Issue Stock.



How much does a DBA cost in Florida?

The cost of registering a limited liability company in Florida is approximately $60 to $70 as of January 2011. Business owners are provided a corporate name search, professional customer support, expedited filing and articles of incorporation in the registration price.

What is the cost of a business license in Florida?

The state fees include a $100 Florida LLC filing fee and a $25 registered agent fee. Other fees that the state of Florida charges for various reasons include: Certified copy of record – $30. Change of registered agent – $25.

Does an S corporation have to file a Florida tax return?

In subsequent years, S corporations are only required to file Florida Form F-1120 if the S Corporation has federal taxable income. … Florida S Corporations and tax-exempt organizations are generally not required to file a Florida corporate income tax return if they do not have federal taxable income.

How to Form a Corporation in Florida

Choose a Corporate Name. …
Prepare and File Certificate of Incorporation. …
Appoint a Registered Agent. …
Prepare Corporate Bylaws. …
Set Up a Corporate Records Book. …
Hold Your First Board of Directors Meeting. …
Appoint Initial Corporate Directors. …
Issue Stock.

What are the tax advantages of a corporation?

C-Corporation

The most common type of corporation in the U.S. is the C-Corporation (of “C-Corp”). By forming a C-Corp, business owners create a separate legal structure that shields personal assets from judgments against the company. The structure of a C-Corp includes shareholders, directors, and officers.

The additional advantages of a C-Corporation are:

Limited liability: Directors, officers, shareholders, and employees enjoy limited liability protection
Unlimited growth potential through the sale of stock
Perpetual existence: The business continues to exist even if the owner leaves or dies
No limit on the number of shareholders: Once the company has $10 million in assets and 500 shareholders, it is required to register with the SEC under the Securities Exchange Act of 1934
Certain tax advantages: including tax-deductible business expenses

Enhanced credibility among suppliers and lenders

An S-Corporation (or “S-Corp”) is quite similar to an LLC in that it offers a federal tax status that enables companies to “pass through” their taxable income or losses to owners/investors in the business, according to their ownership stake in the business.
Drawbacks of the C-Corporation structure are that profits are taxed when earned and taxed again when distributed as shareholders’ dividends. This is what’s known as “double taxation.” Shareholders in a C-Corporation also cannot deduct any corporate losses. (To avoid these concerns, many small business owners choose to form an S-Corporation instead.)

S-Corporation
By electing S-Corporation status, a company can eliminate the disadvantage of “double taxation” of corporate income and shareholder dividends associated with the C-Corporation tax status. Let’s say a corporation makes $300,000 in a given year — if it is an S-Corporation, the business itself will not be taxed for that amount. Instead, company shareholders would be required to pay taxes according to their percentage of ownership of the business. In this scenario, if the company has three shareholders, each with an equal share of company stock, each shareholder will pay taxes on $100,000.
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