| FLORIDA |
| Name |
Must contain words Company, Corporation, Incorporated, Inc., Corp., Co., Limited Liability Company or L.L.C. Fictitious name fee is $50. |
| Information about Directors and Officers |
Company must have at least one Director who is minimum 18 years old. No requirements for residence or age. Director can hold all officers positions. It is not required to list Directors and Officers in the Articles of Incorporation. |
| Requirements for address |
Home or Office street can be considered as company address. P.O. Box is not admissible. |
| Registered Agent |
Registered Agent is required if you do not live or have an office in Florida. Otherwise, you can be your Own Registered Agent. |
| Shares/Stock information |
Number of shares is at your discretion. Initial filing fees do not change with an increase in shares or par value. Florida imposes a tax on newly issued Stock Certificates. Purchasing document stamps from the Department of Revenue pays the tax. |
| Annual statement |
It is required to file a Uniform Business Report. Annual filing fee is $150, due by January 1 and payable by May 1. |
| State fees |
State filing fee is $70. |
| Income tax rate |
5.5% on taxable income earned from sources, located in Florida. |
| Franchise tax |
The first $5,000 of net income for the year is exempt. |
| S Corporations |
Status is recognized by the State. Moreover, Florida does not have a personal income tax; thus shareholders would not be taxed on corporate earnings. A separate State election from federal election is not required. |
| License requirements |
Some businesses must obtain a license and pay a fee if operating in the State. Check with the State to make sure your business is complying with the license requirements for your particular profession. |
| Corporate records |
Corporate records must be kept; however, they are not required to be stored at a specific location. |
