Incorporate your business in Florida;
Our Incorporation information is to help you with the small
business startup process. The Florida Incorporation info can
help answer questions like "How do I form an LLC in Florida?"
or "What type of Incorporation entity should I be? An Florida
S-Corporation or an Florida C-Corporation?" or "What are the
requirements for an Florida Corporation?" It's easy to set up
an Florida Corporation with our Incorporation Software. It has
this and other Incorporation info right on the software. So
once you know, your ready to go!
Corporate Name Endings
The name must contain the word "Corporation,"
"Company," Incorporated," or an abbreviation thereof. The name
may not contain language stating or implying that the corporation
is organized for purposes other than that permitted by Florida
law or the articles of incorporation. The name must be such
as will distinguish it from another corporation formed in the
state.
Corporation Requirements
Director Information
Minimum Number - One or more.
Residence Requirements - No provision.
Age Requirements - Directors must be a natural person
at least 18 years of age.
Directors are not required to be listed in the articles
of incorporation.
Officer Information
Officers are not required to be listed in the articles
of incorporation.
Stock Information
An increase in shares or par value does not affect
initial filing fees.
Corporate Records
Corporate records must be kept; however, they are
not required to be stored at a specific location.
Tax and Fees
Annual Statements
All businesses are required to file a Uniform Business
Report. The annual filing fee is $150. Reports are due
January 1st and become delinquent if not filed by May
1st.
Corporate Income/Franchise Taxes
Florida imposes a franchise tax on foreign and domestic
corporations for the privilege of doing business in
Florida. The tax rate is 5.5% of net income. The first
$5,000 of net income for the year is exempt.
S Corporation
S Corporation status is recognized by the State of
Florida. Further, Florida does not have a personal income
tax; thus shareholders would not be taxed on corporate
earnings. A separate state election from the federal
election is not required. For the first year in which
an entity qualifies as an S Corporation, the company
must file the informational portion of Form F-1120 the
Florida Corporate Income/Franchise tax return. In subsequent
years, S corporations are only required to file Florida
Form F-1120 if the S Corporation has federal taxable
income.
License Requirements
Florida requires some businesses to obtain a license
and pay a fee if operating in the state. Please check
with the state to make sure your business is complying
with the license requirements for your particular profession.
