Florida - Company Incorporation

Florida Incorporations

Corporate Name

We can check the name online in a few minutes.

Registered Agent

It is a requirement to have a Registered Agent. Usually someone from the company will act as the Registered Agent provided that they have a street address in the state of incorporation. However if you do not have a street address in the state of Incorporation we can appoint a Registered Agent.

Articles of Incorporation

The Articles of Incorporation is a document filed with the Secretary of State to form the corporation. The documents specifies information such as the Name of Company, Address, Registered Agent and Office, Number of authorised Shares, Names and Address of initial Directors.

Shareholders

The shareholders are the owners of the corporation. The owners can be individuals or other entities (such as Corporation, LLC or other entities).

Directors

The Directors of the Corporation are appointed by the shareholder to represent the shareholders interests and to approve major corporate decisions.

Officers

The Officers of the Corporation are the President or CEO, Vice President, Secretary and Treasurer. The Officers are appointed by the Directors. The job of the Officers is to run the company and manage the day to day operations. In most states one person can hold all of the Officer Positions.

Can One Person be the Shareholder (Owner), Director and Officer?

Yes one person can hold all of the above positions and it is not uncommon with small closely held corporations.

What is a Federal Employer Identification Number - EIN?

The Federal Employer Identification Number is also known as the Fed ID, Tax ID, Federal ID Number and or Employer ID. The Federal ID Number is a 9 Digit number similar to a Social Security Number. The Fed Id is issued for businesses so that they can file Tax Returns and open Business Bank Account.

What is an S-Corporation?

An S-Corporation (Sub-Chapter S) is corporation that files IRS form 2553 listing the individual owners and number of shares owned. The S-Corp Election allows the owners of the corporation to avoid Double taxation of the companies profits. The profit of the company is passed through to the owners of the corporation with the profits being taxed at the Corporate Level. The owners of the corporation receive a K-1 Profit or Loss statement and the profit is then reflected on their personal return and taxed on the personal return.

There are limitations to the S-Corporation such as, not having more than 75 owners. Owners typically need to be individuals who are US Citizens or US Resident Aliens and usually can not be another entity such as another Corporation. The S-Corporation can also only issue one class of shares.

  • We specialise in online Florida Incorporations and LLC services.
  • We submit your application and ensure your Florida Incorporation process runs smoothly for you.
  • The State of Florida has no Personal Income Tax.
  • Florida S corporations are NOT taxable entities.
  • Florida S corporations are not required to file state income tax returns.
  • Shareholders, Officers and Directors do not have to be listed.
  • No minimum capital requirements.
  • Complete Privacy regarding who owns or runs the corporation.