How to setup a corporation in Florida



How to setup a corporation in Florida

Are you planning on starting a corporation in Florida? a new business in the State of Florida? Well, first of all, you should make sure what type of business you want to setup; weather it is an LLC or a Corporation S or C type. If you are not sure which one suits you best you might want to check out our blog on the differences between LLC and S or C Corp. In general terms, LLCs work better for small to medium local businesses, as they require less paperwork and record keeping.

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You will have to revise two things at the beginning before you start to set up your business. First it is important to know if you require a license to offer the service you want to offer. If you want to offer medical services it is very likely that you will require a license in order to operate. Second, you want to make sure that your business name is not already taken. You can check this at the Florida Department of State through www.sunbiz.org; the first few names that appear in the search results will be the closest to the name you typed in.

This website will also help you file your information online, and it will require you to pay a filing fee of $125.00 as well as your business details such as address, phone, manager and officer details. You will also need a tax ID number or EIN number, which is easily acquired on the IRS (www.irs.gov.com) website at no cost, in order to register your business’ bank account. 

Finally you will be required a Florida LLC operating agreement which basically states who the owners of the company are, although it will not require you to specify the shares they hold for the company, but only their information details.

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