Florida Incorporation Frequently Asked Questions
Do I need to reserve a corporate name?
No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.
How do I reserve a corporate name?
The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.
Do I have to renew my name registration?
How do I incorporate in Florida?
When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Florida agency.
Is a registered agent required?
Yes. . The registered agent must be either (1) an individual who resides in Florida and whose business office is the same as the registered office or (2) a corporation with a business office that is the same as the registered office. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.
How many Incorporators are required to form a corporation in Florida?
One are more are required.
How many Directors are required to start a corporation in Florida?
One or more as defined in the bylaws and stated in the articles of incorporation.
Are corporations in Florida required to file an Annual Report?
Yes. A report must be filed every year between January 1 and May 1. The first report must be filed within this period in the year following the calendar year of incorporation.
|Can One Person incorporate or form LLC in Florida?One person can incorporate in Florida. One person can form an LLC in Florida. Florida also allows corporations to be member in LLCs.|
|Are there any minimum capital requirements?Florida has no minimum capital requirement to incorporate or form an LLC.|
|What tax savings will I receive by incorporating in Florida?State of Florida has no personal income tax. And while regular corporations are levied with a 5.5% tax on federal taxable income over $5,000, if you incorporate your Florida business and choose the S status or LLC there will be no business State income tax. Read more about reasons to incorporate in Florida.|
|Can you reserve a company name on the website?No. You must search for a name at www.sunbiz.org. Click on: 'Online Searches & Document Images'. If the exact name comes up and its status is 'inactive', the name is now available for use by another entity. If the status is 'active', the name is NOT available for use. Once you have chosen a name, quickly submit for filing. If the name is not available, you will be notified. |
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