When deciding to form a corporation in Florida you should review and evaluate the most recent Florida laws and regulations that apply to your specific business and, most importantly, seek the advice of a qualified professional who has experience with Florida corporations that are similar to yours. You may want to consider information that could help you determine whether forming a corporation or limited liability company (LLC) in Florida is right for you.
Business Tax Climate Info Stats
Income Tax Rate
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Florida is consistently listed among the best states in which to incorporate. Business owners who incorporate in Florida experience the peace of mind derived from the limited liability protection a corporation provides. Florida corporations can protect your personal assets, since they cannot be used to satisfy debts and liabilities of the corporation. A Florida corporation’s limited liability protection also shields its shareholders from any claims arising from lawsuits.
A Florida corporation’s board of directors and officers enjoy the same limited liability protection as do the corporation’s shareholders.
Unless you elect to have a special “pass through” tax status with the Internal Revenue Service (IRS) by filing an IRS Form 2553, your Florida corporation will enable you to shelter and retain more income since a corporation files tax returns and pays its income taxes (at generally lower tax rates than individuals pay), while the individual shareholders report and pay personal income taxes only on monies paid them by the corporation. Although shareholders are required to pay taxes on income from dividends paid by the corporation even though income taxes were previously paid by the corporation (called “double taxation”), a Florida C corporation can facilitate the accumulation of earnings.
Forming a corporation in Florida should make it easier to get additional capital than it would be with some of the other types of businesses. You can issue and sell stock or a variety of other financial instruments as evidence of interest in the corporation and ownership in Florida corporations can be easily transferred through the issuance or transfer of stock.
Employees would normally prefer to work for a corporation rather than a proprietorship or partnership, and a Florida corporation has the advantage of being able to attract, motivate and retain quality employees by offering stock options and bonus plans.
Florida corporation owners working in the business are employees and are therefore eligible for certain fringe benefits such as group insurance plans, retirement and profit sharing plans, and tax-favored stock option and bonus plans. In addition, the corporation allows owners’ to reduce self employment taxes
A Florida corporation is a separate legal entity and, in a sense, immortal and perpetual since it does not end with the death of a shareholder owner as do some of the other business types.
If you’re a small business owner who has chosen to incorporate in Florida, you may struggle in deciding which type of incorporation is best. At MaxFilings, we hope to clearly distinguish the advantages and disadvantages of starting an LLC vs. a corporation, whether to classify your business as an S Corp or C Corp, and give you a better idea of which option will provide the best results for your continued financial and operational success.
|Limits personal liability|
|Ownership structure||Unlimited owners||Unlimited shareholders||No more than 100 shareholders (US citizens or resident aliens only)|
|All business income/loss passed through to owners each year|
|Owners pay personal income tax on profits|
|Business must pay corporate income tax|
|Recognized outside of the US|
|Flexible management structure|
|Annual Meeting Requirement|
MaxFilings is committed to helping business owners just like you incorporate in Florida. Here are a few reasons why MaxFilings stands out as the resource of choice when forming a Florida corporation:
Competitive, Transparent Pricing. There’s never any obligation to order and there’s no charge for saving your information – you only pay your incorporation fees when you’re ready to order. View our competitive pricing - it includes all state fees and other charges so you’ll have no surprises later.
Convenience & Ease of Use. MaxFilings helps you get organized in an orderly way and you set the pace – you can save all your incorporation information in one handy spot online and make changes anytime until you’re ready to incorporate…or you can order your incorporation online right now!
Secure & Confidential. As a MaxFilings user, you can rest easy knowing that all your information is completely safe. We use industry-recognized security safeguards for storing and processing your orders, ensuring stringent data security for as long as you want to keep it with us.
Partner Perks. As you incorporate in Florida, you need to think about growing and promoting your new corporation. MaxFilings’ online promotions partner SEO Advantage offers you expert services in PR, web development, search engine marketing, website optimization and graphic design.
Best of all, your satisfaction is 100% guaranteed!
If you’re ready to form a Florida corporation, you can start entering your information now. You’re under no obligation, and there is no charge until you actually place your order.
Wondering what happens after you submit your incorporation order to us? Have questions about using MaxFilings to incorporate your business or form an LLC? Here you'll see basic questions about our system that can help make your experience smooth and hassle-free. FAQ About MaxFilings