Florida has specific requirements for incorporating a business. Find the forms you’ll need to start your a corporation, information on how long it will take, tips for navigating the registration process, details about corporate directors and shareholders, and more.
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by Jane Haskins, Esq.
Jane has written hundreds of articles aimed at educating the public about the legal system, especially the legal aspe...
Updated on: November 30, 2023 · 4 min read
A corporation offers limited liability protection, which means that you are not personally liable for the corporation’s debts and obligations. Forming a corporation also offers protection if someone sues your business partner or employee. Corporations have many other benefits, including tax benefits and the ability to easily transfer shares from one owner to another.
To form a corporation in Florida, you need to file a form called articles of incorporation with the Florida Department of State and pay a filing fee. The corporation’s existence begins as soon as you file the articles of incorporation unless the articles specify a later date. Many things may be included in the articles of incorporation, but, at a minimum, they must contain the following:
A corporation can have different types of stock, called classes or series. These types of stocks can have different advantages. For example, one can offer voting rights while another may not. Regarding the stock structure, your articles of incorporation must state the following:
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You can conduct a preliminary search on the Department of State’s website to see if your proposed company name is available. You cannot reserve a name in advance. Your corporate name must meet the following requirements:
An incorporator prepares, signs, and files the articles of incorporation. The incorporators’ names and addresses must be listed in the articles of incorporation.
One or more persons can act as incorporators. Florida does not have any eligibility requirements for incorporators.
Incorporators must hold an organizational meeting after the articles of incorporation are filed unless the articles name the corporation’s initial directors. At the meeting, the incorporators elect directors and may also appoint officers and adopt bylaws. The incorporators have no other responsibilities.
Corporate directors are responsible for managing the corporation and setting corporate policies. Directors have a fiduciary duty to the corporation, which means they must act in good faith and place the interests of the corporation ahead of their personal interests.
Unlike with incorporators, Florida does have requirements for specifying directors:
The articles of incorporation or bylaws can impose additional eligibility requirements.
A registered agent is a person or entity that the corporation designates to receive legal documents and forward them to the corporation. A registered office is the registered agent’s business address. Both a registered agent and the agent’s office are required when completing your articles of incorporation.
When specifying your registered agent, you must adhere to the following requirements:
The articles of incorporation can include a broad, general statement of your corporation’s purpose, which allows flexibility should your corporation’s purpose change in the future. For example, Florida’s online filing form allows you to state your purpose as “for any and all lawful business.”
Bylaws are a corporation’s internal roadmap for the way it will be governed and the operating procedures it will follow. Bylaws can include any provisions for managing the affairs and regulating the business of the corporation.
Although bylaws are not required for incorporation, the directors or incorporators must adopt bylaws unless the articles of incorporation give that power to the shareholders. Bylaws are not filed with the Department of State but must be kept at your place of business.
Bylaws must be consistent with Florida law and the business’s articles of incorporation.
The Florida Department of State requires a fee when filing articles of incorporation and designating a registered agent. Corporations are also required to pay state and federal income taxes.
LegalZoom can help you start a corporation online in Florida in three easy steps. LegalZoom provides Florida corporate formation and filing services, including providing a registered agent in Florida.
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