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Providing Incorporation
and LLC Services for Businesses wanting to Incorporate in the State
of Florida |
 Corporations
Division of Florida specializes in online Florida Incorporation and LLC services
for small and home businesses in the State of Florida.
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
min. capital requirements
Complete Privacy regarding who owns or runs the corporation
Incorporation
Industry
Florida
Library
Privacy
Statement
Return
Policy
FLORIDA
INCORPORATION
1730 S PINELLAS AVE
TARPON SPRINGS, FL 34689
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Pro's
& Con's of Corporations |
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Pro's |
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Sole proprietorship and
partnerships are subject to unlimited personal liability when it
comes to business debt. Creditors of the business can hold the owners
of the business personally liable for debt and can move to seize
the proprietor's or partner's home, savings or other personal assets.
The shareholder of a corporation has only the money he has put into
the company to lose, and usually no more. |
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A corporation has the most
enduring legal business structure. If a sole proprietor or partner
dies, the business ends or it may become involved in various legal
entanglements. Since a corporation has a life of its own, it may
continue on regardless of what may happen to its individual officers,
managers or shareholders. Also, ownership of the business may be
transferred, without disrupting operations, through the sale of stock. |
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Capital can be more easily
raised with a corporation. This may be accomplished through the sale
of stock or other equity interests. With sole proprietorships and
partnerships, investors are much harder to attract because of the
personal liability issue. For example, if the investor in a sole
proprietorship (or some forms or partnerships) wants a share of the
business for his capital contribution, he could become subject to
a demand on his personal assets from creditors if the business becomes
insolvent.
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With partnerships, each
individual general partner may bind the business to arrangements
that may result in serious financial difficulty. A corporation's
shareholders cannot legally commit the company by their acts simply
because they have invested in it. |
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Corporations can offer anonymity
to its owners. For example, if a business person wants to open an
independent small business of any kind and does not want their involvement
to be public knowledge, their best choice is to incorporate. If they
open as a sole proprietorship they will clearly be identified as
the owner. Also, if they are involved in a partnership this will
most likely become a matter of record. |
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Corporations offer the advantage
of allowing tax-deductible benefits such as health and life insurance,
travel and entertainment deductions as well as providing an increased
tax shelter for retirement plans.
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Con's |
| Though few, there are some disadvantages to incorporating.
You may decide not to incorporate due to one of the following reasons:
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Maintaining a corporation
requires more paperwork and record keeping than sole proprietorships.
Each individual state has its own legal procedures and regulations
for forming and maintaining a corporation in good standing. |
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It is usually more costly
to set up a corporation than any of the other major business structures.
If you incorporate with a lawyer, fees could run between $500 to
$2,000 or more. (Please see how you can have The Company Corporation
form your corporation in Florida for much less.) |
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If the profit from a business
is not significant, there may not be enough income to take advantage
of the tax and other benefits of a corporation.
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INCORPORATE IN FLORIDA NOW
By law, we cannot provide legal advice and we cannot
discuss, answer questions or otherwise assist our clients in completing the
online form.
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