ANSWERS: 1
  • Florida is known as a state that offers any business that would like to incorporate with the Division of Corporations numerous advantages. Of all the benefits, there are certain ones that highlight the biggest reasons why businesses want to incorporate in the state.

    Liability

    In Florida, all corporations have limited liability protection. This protects shareholders and owners from liability lawsuits.

    Existence

    Florida has what is known as perpetual existence in which the corporation can be passed from one person to another without the company being affected by the change.

    Fees

    The fees for filling to incorporate within the state are low with most business paying $70.

    Records

    In Florida, there are no direct records kept as to who are the shareholders of the different corporations incorporated within the state.

    Deductions

    Deductions are one of the biggest advantages to incorporating in Florida. This is because businesses can take tax deductions for salaries and additional benefits that they offer the staff.

    Capital

    There are some states that have capital requirements for incorporating of $1,000. In Florida, there are no capital requirements for incorporating a business.

    Source:

    Forida Corporations: Benefits of Forming a Florida Corporation

    DMV Florida: Starting a Florida Business

Copyright 2023, Wired Ivy, LLC

Answerbag | Terms of Service | Privacy Policy