How to Form an S-Corporation in Florida
Surrounded by hundreds of miles of beaches, Florida is the southeasternmost U.S. state, with the Atlantic Ocean on the eastern coast and the Gulf of Mexico on the western coast. Florida is one of the United States’ economic powerhouses, ranking as the fourth largest economy. Additionally, its GDP is larger than all but 16 countries. Florida’s economy is extremely diverse, with tourism and agriculture among its top industries.
When forming an S-Corporation in the state of Florida, you must complete the following requirements:
- Select a business name according to requirements
- Complete articles of incorporation
- Fulfill registered agent requirements
- Register your federal tax ID
- Complete annual reports
- Establish a director
Let Eco-fyle help you fullfil your business needs.
Select Business Name According to State Requirements
• The corporation’s name must contain the word “Corporation,” “Company,” Incorporated” or an abbreviation thereof.
• It may not contain language stating or implying that the corporation is organized for purposes other than that permitted by Florida law or the Articles of Incorporation.
• The name must be distinguishable from another corporation formed in the state.
• Words such as “Bank,” “Bancorp,” “Mortgage” and “Loan” require approval from the Department of Financial Regulation.
Complete Articles of Incorporation
• The articles of incorporation must include:
-Corporation’s name
-Office street address
-The Corporation’s purpose
-The name, a signature, and address of the registered agent for service of process
-The name and address of the person incorporating the company
• Filing fee is $35.
• Designation of Registered Agent: $35.00
• Certified Copy (optional): $8.75 (plus $1 per page for each page over 8, not to exceed a maximum of $52.50).
• Certificate of Status (optional): $ 8.75
Fulfill Registered Agent Service Requirements
• Corporations must list the name and address of a registered agent with a physical address (no post office boxes) in Florida.
• The registered agent must be available during normal business hours to accept important legal and tax documents for the business.
Register Your Federal Tax ID Number
- If you intend to hire employees or open a bank account, you will need a federal Employer Identification Number (EIN).
Complete Annual Reports
• Submit annual report to Division of Corporations each year.
• Due by May 1.
• Fee is $150.
• Late fee is $400.
Establish A Director
• Corporations must have one or more directors.
• Florida does not specify where directors must reside.
• Directors must be at least 18 years old.
• Director names and addresses are required to be listed in the Articles of Incorporation.
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incorporation. Request a consultation with one of our specialists!