How To Set Up Your Business Incorporation

By Dorothy Hill


Your group of friends has a great idea for a product or service that might sell on the market. The money you collectively have is enough to get it started. It can give you a sizable profit. The issue is that all of you have no idea how to start your own business. Luckily, this is easy to do business incorporation Florida.

Business opportunities are booming for the Sunshine State. But, you ought to understand what you can about corporations before starting anything. A corporation is a separate entity that consists of a group of shareholders. These individuals do not own any assets and obligated to deal with the liabilities. The corporation is the only entity allowed to hold it. It is because it is considered a legal and independent person.

Provisions for guidelines are made available to novice owners by the Florida Department of State, or hereafter known as DOS. Firstly, do research. Learn everything in the guidelines which includes the Internal Revenue Service rules and regulations. It also includes the tax laws and the taxes you are required to pay. The compliance will be regulated and checked by the state Department of Revenue.

Get the time to know the process in doing business registration. You need to know what it is, where to file, and how it will go. In some cases, the local county will require the corporation to also register there to get the license. The location of your corporation should be placed where there is a rise in the economy. Booming places can also be potentially considered. It only has to be easily accessible by the employees and the possible customers.

It should be noted that your corporation name complies with the rules set by DOS. Distinct and identifiable are two of the requirements you need to contemplate. Any planned name should not have Florida anywhere in it. You can use their website to confirm if the name you are planning is up for grabs or not.

Now that you have done your research, you can now proceed to the formation of your business. To do so, you need to create the articles of incorporation. File the document to the DOS and then pay the necessary fees.

Also known as certificate of incorporation, this formally recognizes the establishment of the corporation and getting it legally known by the law. It includes basic corporate information. The corporate name, principal place of business, corporation type, purpose, and the name, address and signature of your board and the incorporator are only some data contained herein.

Although optional, a certified copy of the articles and a certificate of status may be something you can consider. Keeping a certified copy on hand makes sure of a backup copy if the original gets damaged or lost. Meanwhile, the certificate acknowledges that the business paid all necessary fees, as well as its existence on a given date.

The last step is optional and only necessary if you have one. This is registering your fictitious name. Note that this is separate from your legal corporate name. You are to use the fictitious one if you will want to operate and be known to be doing business separate from your legal one.




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