Why Incorporate in Florida?
The state offers several business incentives related to job creation, investments, renewable energy production and more. Your corporation may be able to take advantage of one or more of these incentives, provided it meets qualifying criteria.
For example, there are Rural and Urban Job Tax Credits made available as an incentive for eligible businesses located within one of 15 rural areas or 13 urban areas to create new jobs. The tax credit ranges from $500 to $2,000 per qualified employee.
For most entrepreneurs looking to start a larger business, creating a Florida corporation may be the best choice. As a corporation, your business is able to buy and trade stock, and when it comes to excess profits, corporations offer more flexibility than an LLC. A corporation is allowed to pass income and losses to its shareholders, who report taxes on an individual tax return at ordinary levels.
The state offers several business incentives related to job creation, investments, renewable energy production and more. Your corporation may be able to take advantage of one or more of these incentives, provided it meets qualifying criteria.
For example, there are Rural and Urban Job Tax Credits made available as an incentive for eligible businesses located within one of 15 rural areas or 13 urban areas to create new jobs. The tax credit ranges from $500 to $2,000 per qualified employee.
For most entrepreneurs looking to start a larger business, creating a Florida corporation may be the best choice. As a corporation, your business is able to buy and trade stock, and when it comes to excess profits, corporations offer more flexibility than an LLC. A corporation is allowed to pass income and losses to its shareholders, who report taxes on an individual tax return at ordinary levels.
Is an LLC Better Than a Corporation?
It all depends on your goals. For smaller businesses, limited liability companies are usually a better option. An LLC is easier to set up, and you receive many of the same benefits as a corporation, but with less regulation.
Learn more about forming a Florida LLC so you can decide which business entity is right for you.
It all depends on your goals. For smaller businesses, limited liability companies are usually a better option. An LLC is easier to set up, and you receive many of the same benefits as a corporation, but with less regulation.
Learn more about forming a Florida LLC so you can decide which business entity is right for you.
Benefits of Forming a Florida C Corporation:
The strongest form of liability protection possible by insulating your personal assets and finances from business debts, obligations, damages, bankruptcy, or other liabilities
Several options to create, buy, sell, or transfer stock, including publicly
The ability to issue more than one type of stock
The ability to raise more funds by issuing more stock
The ability to sell stock to investors inside and outside the U.S.
Benefits of Forming a Florida S Corporation
It offers several advantages similar to those provided by a C Corp including, but not limited to:
It offers several advantages similar to those provided by a C Corp including, but not limited to:
Options for creating, transferring and selling stock, though not as many as a C Corp
The capacity for up to 100 shareholders
Simpler rules than those applicable to C Corporations
Easy transfer of ownership simply by selling your stock
The possibility of saving money by allowing you to pay less self-employment tax
In this guide, you’ll find information on naming your corporation, getting a Registered Agent, the fees you’ll need to pay, business taxes and much more. We also cover what you'll need to register your corporation and how you'll interact with the Florida Department of State, Division of Corporations.
Start a Business in Florida Checklist
To help you along the way, use our Starting a Business checklist to keep track of everything you need to do to get your business up and running.
To help you along the way, use our Starting a Business checklist to keep track of everything you need to do to get your business up and running.
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Launch Your Business with Bizee
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Incorporate Now
Launch Your Business With Bizee
No Contracts. No Surprises. Only $0 + State Fee to Launch Your Business.