-
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
Copyright 2023, Wired Ivy, LLC