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A Look at Incorporating a Business in Florida

As you may know, there are many ways to incorporate a business in Florida. While companies exist to do the legwork and paperwork for you, the most direct way is to contact the Florida Department of State, Division of Corporation's website itself.

When you visit the website for the Florida Department of State, Division of Corporation, you will notice they are surprisingly user friendly. Their website houses various informative databases and in-house automated filing systems that will allow you to incorporate your Florida-based business online.

By incorporating online, you can do away with the traditional middleman used in incorporating a business and inexpensively file all the papers yourself. In addition, this filing can be completed without leaving the comfort of your office or home. Alternatively, you can also contact the Florida Department of State, Division of Corporation by mail, courier, phone, or email.

Generally speaking, there are three forms that incorporation may take: a non-profit, for-profit, or an S corporation. While non-profit and for-profit are perhaps self-explanatory, the notion of an S corporation may require some explanation.

S corporations are domestic corporations that are eligible to avoid cumbersome double taxation to both the shareholders and the corporation alike. They are taxed on capital gains and passive income, but given exemptions from other federal income tax. On tax returns, the S corporation's shareholders include their share of the corporation's separately stated entities of income, deduction, loss, and credit, along with their share of non-separately stated income or loss of income.

S corporations are taxed on estimated capital gains, built-in gains, the excess net passive income, and investment credit recapture. In terms of eligibility, S corporations need to clear the requirements with the IRS and receive their designations before incorporating in Florida.

If incorporation sounds like a daunting task, you may consider contacting a professional consultant or law firm to assist you. Of course, it will be more expensive than completing the process yourself; however, you will gain peace of mind knowing that the process was completed correctly.

Incorporating in Florida Info helps big and small businesses learn the benefits of incorporating in the Sunshine State, and also provides detailed information and advice about the Florida Department of Incorporation. Incorporating in Florida Info is the sister site of Forex Brokers Web.

In The News:

The US wild pig population is soaring and rapidly multiplying, which experts believe is a ticking 'feral swine bomb,' according to a report on Saturday.
Archaeologists have identified the wreck of a 19th-century slave ship off Mexico’s Yucatan peninsula.
A man in Florida was bit by an alligator and nearly dragged into a canal behind his home last Sunday, all while walking his dog.
A newly published study is warning that there will be 53 trillion metric tons of plastic pollution in the world's rivers, lakes and oceans by 2030.
Newly published research suggests that some exoplanets in deep space largely comprised of carbon could turn into diamonds.
Researchers have discovered 125-million-year-old dinosaur fossils that are perfectly preserved and suggest the creatures were trapped by a volcanic eruption.
This summer, the English city was invaded by giant rats and now possibly UFOs.
A magnitude-4.6 earthquake shook Southern California shortly before midnight Friday, with aftershocks measuring 2.1 and 1.6 on the Richter scale following soon after.
NASA’s Transiting Exoplanet Survey Satellite (TESS) and the space agency’s retired Spitzer Space Telescope have been used to spot the first possible ‘survivor’ planet hugging a white dwarf star.
Hurricanes and wildfires across the U.S. have been revealed in an image captured by NASA’s Aqua satellite.

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