INCORPORATE IN FLORIDA Entrepreneurs seeking to incorporate in Florida have several options that get the job done but can get...
August 9, 2019Entrepreneurs seeking to incorporate in Florida have several options that get the job done but can get narrowed down into two categoriesâlawyer agencies and non-lawyer agencies. The issue of incorporating in Florida with non-lawyer agencies is that you are organizing a legal entity, and those services can’t give you the legal advice that you will eventually need (preferably sooner than later) to avoid losses, save you money now and in the long-run, and put you in an advantageous position to protect yourself, your business, and your assets.
We’ve designed an incorporation program unmatched by any other in the country. Our mission is to provide an entrepreneur with everything they need when they incorporate in Florida; custom articles of incorporation with special provisions that will give you the upper hand while protecting your business, a complete corporate kit with a seal and book, bylaws, minutes, stock certificates, and moreâand the legal advice that will give you awareness on what it is you can and can’t do, what business licenses you need, and where the pitfalls are in your jurisdiction. Our goal is to do this for a price lower than our competitors, and in the future continue to provide support for your business when you need to start, expand, buy, sell a business, or need legal representation!
There are several options available for entrepreneurs researching how to incorporate in Florida, but not all are equal in value and benefits or advice:
First-time entrepreneurs might find it tempting to register their entity themselves (we donât recommend this!). Incorporating in Florida by yourself places the responsibility on you to form a legal entity. Additionally, only a lawyer will be able to advise you of the best legal structure and provisions to have in your articles of incorporation or organization. Others will try to cut corners by hiring a non-lawyer agency to prepare this legal formation. Many agencies will charge significantly more than our service. Entrepreneurs get notably more for a better price by incorporating with Spiegel & Utrera, P.A. at AmeriLawyer.com. Spiegel & Utrera, P.A. also offers free legal, business, credit, and tax advice with 110% lowest price guarantee when you incorporate.
Incorporating in Florida with a non-lawyer agency or service may help you file paperwork to start the incorporation process. The reason we don’t recommend this is that for a lower cost, at Spiegel & Utrera, P.A. you can have attorneys on your side giving you free legal and business advice and customizing your corporate kit records book and seal based on our 175 years of cumulative experience with over 243,000 clientsâgiving you an outstanding advantage over your competitors.
Incorporating in Florida with Spiegel & Utrera, P.A. equips you with a unique bundle that blows other incorporation services away from comparing in value, quality, and cost. First, we provide fully-custom articles of incorporation with a complete corporate kit that includes corporate records book and seal, bylaws, minutes, ownership register, preliminary name search, banking resolution, and stock certificates. As part of our complete incorporation package, the attorneys at Spiegel & Utrera, P.A. provide each of our clients with legal, business, credit, and tax advice based on the needs and implications of their business. We also ensure that you can’t get a better deal anywhere else by backing our service with a 110% Lowest Price Guarantee.
There are several legal entities to choose from when preparing to incorporate a business in Florida. We’ll give you the nuts and bolts of each one to get you started on making an educated decision of which corporation is appropriate for your needs in incorporating your business in Florida. Call our office at (800) 603-3900 for a free attorney consultation.
C-Corporations are the standard corporationsâproviding you with limited liability, asset protection, business tax deductions, and privacy among other business and legal advantages. A primary factor that may deter small business owners from starting a C-Corporation is its requirement of having to file both a personal and business income tax return. Double taxation is a disadvantage for manyâbut it ultimately depends on the multiple factors surrounding your business. When choosing a C-Corporation to incorporate a business in Florida, another point to consider are the higher maintenance costs due to annual state reports and fees. Give us a call for a free consultation if you’re on the fence about whether or not to start a C-Corporation and our lawyers will point you in the right direction.
An IC-DISC stands for an Interest Charge-Domestic International Sales Corporation. This type of corporation is entitled to tax advantages for businesses that involve U.S. manufacturing of goods for export. Even though an IC-DISC pays no U.S. income taxes, it still has to file an annual U.S. income tax return. The permanent tax savings for U.S. exporters and their shareholders can be as high as 20 percent. Please note that you do need legal advice regarding the process of forming an IC-DISCâincluding the preparation of by-laws and corporate books and records.
An attractive form of doing business is starting an S-Corporation to incorporate in Floridaâmixing the legal and business advantages of a C-Corporation with the benefit of being taxed solely once on the owner’s individual income tax return, like a partnership. Pass-through tax treatment means the profits and losses of the Corporation flow directly to the owners, letting an S-Corporation avoid the double taxation of a C-Corporation. For other purposes, such as business tax deductions, liability and asset protection, the S-Corporation functions similarly to a C-Corporation.
Forming a Non-Profit to incorporate in Florida will result in a corporate entity that has no equity owners that hold shares of stock. Also, the Corporate income is not distributable to any of its members, directors, or officers. Don’t let this fool you though; a non-profit can still be a profitable option. We recommend that you also apply for a 501-C3 tax exemption; unique tax deductions and the ability to receive grants and loans for your organization towards labor and equipment costs.
As the name suggests, an LLC gives the owners (known as members) liability protection against claims and creditors. If the LLC has one member, it may be taxed only once on the individual member’s income tax return (like an S-Corp or Sole Proprietorship); if the LLC has multiple members, it may be subject to double taxation (like a C-Corporation). An LLC is a very versatile entity to do business with, and utilizing the proper strategy and structure can provide you with exceptional asset protection.
Licensed professionals seeking to render their services to the public can incorporate in Florida with a Professional Service Corporationâincluding doctors, accountants, architects, social workers, massage therapists, dieticians, interior designers, and personal trainers, to name a few. Owning shares of stock in a professional service corporation may only be possible for a licensed professional; clerks, bookkeepers, secretaries, technicians, and other assistants who aren’t licensed and are not rendering professional services may not be eligible. Tax benefits are a primary reason for starting a professional service corporation; tax deductions for health and accident insurance can get realized by forming a professional service corporation, and it may also deduct up to 80% of the dividends.
Entrepreneurs incorporate in Florida for several reasons, such as the State’s low filing fee. Many other States ask for a generous State filing fee to get started, among other requirements and limitations that Florida doesn’t have. Unlike some other States; incorporating in Florida doesn’t require a minimum amount of capital under your corporation, and won’t demand more than one directorâmaking it easy to incorporate an S or C Corporation when you have limited resources and no one to include as a director of the corporation. Businesses that incorporate in Florida won’t cease to exist when the owner passes, making ownership easily transferrable to an heir or shareholder of the corporation. Also, a Florida Corporation may still get revived years after having been administratively dissolved, within a few days of applying for reinstatement and paying the state fees. A primary reason to Incorporate in Florida is its lack of State taxation, which other States like Georgia require on top of the federal income tax return.
When determining the cost to incorporate in Florida, we have to look beyond the initial filing of the corporationâand look at the long-term financial implications originating from your chosen method of incorporating and corporation type. Here are a few relevant factors to consider when evaluating the overall cost to incorporate in Florida:
Creating a business entity, such as a corporation, protects the owner with limited liability from all debts and claims placed on the business and provides an entrepreneur the opportunities to segregate the business assets from the personal. Many states allow entrepreneurs to exempt particular assets from claims and creditors but may be subject to specific limitations, including a threshold for the value of an asset to qualify for protection.
Need an asset protection strategy? Our law firm has many years of experience successfully helping people protect themselves and their wealth using Corporate and Estate Planning Law synergistically. Broad knowledge and history in only one of these practice areas but not the other will result in a sub-optimal asset protection program. Call our office at (800) 603-3900 for a free consultation with our attorneys immediately. For more information and strategy, check out our asset protection page here.
A corporate records book is a compilation of a Florida corporation’s most important documents and certificatesâwith the seal being a corporation’s signature as an imprint for official paperwork. Let’s go over the different contents of a corporate kit and why you should be aware of their importance before you incorporate in Florida:
A good option for those that donât have the time to incorporate, is to buy an existing Florida corporationâalso known as a shelf corporation or “Reddi Corp.” Shelf Corporations are an excellent option for those that need a corporate entity in Florida immediately or one that’s existed for a long time. The name of any shelf corporation may be changed, and all current year Shelf Corps are guaranteed to be in good standing with the state. For a complete list of our shelf and aged corporations, visit our Reddi Corps page.
People buy property such as houses and apartment buildings all the time with no money down; so why not a business? The leveraged buyout consists of:
Call us for a free attorney consultation to receive guidance on whether a leveraged buyout is right for you.
Alright, so you’ve incorporated in Florida! Great. Now it’s time to grow and expand your corporation. Spiegel and Utrera, P.A. offers a boutique service without the price tag, called our “General Counsel Club.” Membership in this service allows business owners the exceptional advantage of receiving unlimited legal, business, credit, and tax advice from our skilled corporate attorneys for only $139.95 per year. . Spiegel & Utrera, P.A. may advise you on what’s worked for other corporations like your own and may be able to provide strategies, like lead generation systems for your business. By giving you experienced counsel and guiding you through the complications that arise with your new enterprise; allowing you to focus on the aspects of your business that truly matter to you.
As if unlimited advice from attorneys for $139.95 per year wasn’t enough; check out our additional member bonuses:
For those interested in selling a Corporation; our clients are currently seeking to buy Corporations! If you have a corporation that you aren’t actively doing business with, our clients may be interested in purchasing your entity. We will list your entity on our website for 6 months for as little as $99.95. Click here for more information.
Click here to Sell Your Corporation.
A merger is the fusion of two corporations to form a new single business entity. Entrepreneurs may mistake a merger with an acquisition, which is one corporation absorbing anotherânot becoming a new entity like in the case of a merger. Corporations use mergers to optimize productivity, maximize profits, and extend operations. Mergers can arise from corporations within identical, comparable, or entirely unrelated businesses.
Click here to Merge Corporations.
The primary reason to acquire a fictitious name is to do business with a different corporation name without having to incorporate a new entity in Florida. A fictitious name is useful as a marketing strategy to emphasize the service or products you offer and include the locations you service to target local customers. Once your fictitious name is registered, you can legally use your localized fictitious name on print ads, billboards, bus stops, etc. A fictitious name or “DBA” doesn’t form a new corporation or legal entity; it solely allows corporations to do business under various names.
Click here to Register your Fictitious Name.
The goal of incorporating in Florida from a tax perspectiveâis to transform as many non-deductible personal expenses into deductible business expenses. Examples of this include the use of your motor vehicle by and for the corporation, the use of part of your residence as a home office, and legitimate travel expenses among other relevant business tax deductions.
Click here to get a list of Florida IRS Tax Forms or click here to get unlimited tax, legal, credit, and business advice for $134.95 Per Year with Spiegel & Utrera, P.A.
Click here to view IRS Forms for Corporations.
Beyond the initial setup of your Florida Corporation, there are additional legal services that you can expect from us with no additional charge. Each order placed with Spiegel & Utrera, P.A. includes one-on-one personalized service from our lawyers, explaining the different issues relevant to your incorporation in a way that’s easy to digestâso that you can make educated choices when and after you incorporate in Florida. Some of the relevant issues that you need to take into consideration but which you may not know of when you incorporate in Florida include:
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