| Incorporating offers a lot of benefits, such as limited | | | | number of shares in each class and their par value. |
| liability protection, increased the credibility for your | | | | - The registered agent must be either an individual who |
| business, income shifting for lowering taxes | | | | resides in Florida and whose business office is the |
| considerably, deductible fringe benefits and business | | | | same as the registered office or a corporation with a |
| operating losses, ease of raising capital by issuing | | | | business office that is the same as the registered |
| stocks, assistance in building business credit, and | | | | office. |
| protection of personal assets. That is why many | | | | - There must be a minimum of one director, and the |
| people choose to incorporate in Florida. | | | | board of directors may amend, repeal, or adopt |
| Guide for Incorporating In Florida: | | | | bylaws. The bylaws have to be kept in the principal |
| - The first basic step is to decide on the kind of | | | | executive office, and they may either list the officers |
| corporation that you want to form and seek legal | | | | or that directors will appoint them. The officers may |
| guidance in forming it after making sure it is appropriate | | | | hold more than one office in the corporation at any |
| for your business. | | | | given time; they have to be delegated duties by the |
| - Deciding on a name is the next step. The name has | | | | directors and must prepare minutes and record them |
| to be original and not a replica of any registered | | | | as well as authenticate records maintained by the |
| business or reserved name. It has to be formed in | | | | corporation. |
| compliance with the laws that govern it and should end | | | | - Annual reports have to be filed with the Florida |
| in the words or abbreviates of the words | | | | Department of State between January 1 and May 1, |
| "Incorporated," "Corporation," or "Company." | | | | and the initial report has to contain the name, date of |
| - It is necessary to have one or more incorporator, and | | | | incorporation, EIN, street address of principal office and |
| they have to form and file the articles of incorporation | | | | mailing address of the corporation, names and |
| with the Florida Department of State. A fee of around | | | | business addresses of directors and officers as well |
| $79 has to be paid, and it can be processed within 20 | | | | as the registered agent plus a voluntary contribution to |
| business days. | | | | the Election Campaign Financing Trust Fund. |
| - The articles of incorporation have to include a list of | | | | - Taxes depend on the net taxable income, and in |
| the name and addresses of the incorporators and | | | | addition a supplementary corporate fee of $89 has to |
| directors, the street address of the initial principal office | | | | be paid annually. |
| and registered office as well as the mailing address, | | | | These are a few guidelines for incorporating in Florida. |
| the name and address of the registered agent and a | | | | There are firms offering their services to help people |
| written letter of acceptance of duties from the agent | | | | run the business successfully. |
| and must also have a list of the classes of shares, the | | | | |