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Forming a company in Florida is one of the easiest states to do business in, but it’s important to follow some steps. This is especially true for entrepreneurs who aren’t familiar with how things are done in Florida. Here are some tips from LegalZoom and the Small Business Administration (SBA) on how to form a company in Florida:
Choosing the right name for your company is an important step in the formation process. The name should be unique and easy to remember, but not too long or difficult to pronounce. You should also make sure that no one else is using the same name as you.
We recommend choosing a name that has meaning to you, or at least one that will appeal to potential customers. Avoid using names that are already taken by other businesses in your area, and avoid words like “Financial” or “Investment” unless they’re part of another word (like FinanciaFund).
A registered agent is a third party that acts as an agent for your business in Florida. A registered agent’s job is to accept legal documents on behalf of your company, such as notices from the government or lawsuits against you.
A mailing address can be used for this same purpose, but it does not offer the same protection as a registered address. If you use your home address as a mailing and registered office, that means other businesses will have access to both parts of your personal information (your full name, address, etc.). If someone wants to find out more about you before they hire or do business with you then all they have to do is search Google Maps and look up where they think they might live based on their name—and there goes your privacy!
Registered agents don’t tend to open their doors during normal business hours (like attorneys’ offices), so if someone wants legal documents served on them then they need only show up during off hours when no one else is around; no mailboxes being opened by strangers here!
The next step is to choose the legal structure of your business. The most common options are sole proprietorship, partnership, corporation and limited liability company (LLC). Each has its own advantages and disadvantages.
An Employer Identification Number (EIN) is a unique nine-digit number assigned by the Internal Revenue Service (IRS). It may be used for tax purposes or to open bank accounts. The EIN is also called a Federal Taxpayer Identification Number (FTIN) or Federal Employer Identification Number (FEIN).
The IRS issues new numbers every time a business changes ownership, so it’s best to check with them before you form your company if you’re not sure whether you’ll need one. You can call them at 1-800-829-4933.
If an EIN isn’t necessary for your business, then use your Social Security number instead.
You will need a wide range of licenses and permits for your company. The type and amount of paperwork depends on the type of business you’re starting. For example, if you want to open a restaurant, liquor license is required.
Licenses and permits cost money and take time to acquire, so be sure that all your ducks are in a row before getting started.
To open a business bank account, you should consider opening an account at one of the following types of financial institutions:
So, what does this mean for you? If you’re looking to form an LLC in Florida, now is the time. With a few simple steps and the right information, it’s easy to follow through on your plan to set up shop in the Sunshine State.
The process of forming a Florida LLC is simple and straightforward. Follow the steps outlined in this article, and you will be on your way to starting your business. Remember that if you have questions, feel free to contact us at any time!
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Register Your Trademark with USPTO Today & Get Serial No. in 24 Hours