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What are the steps I need to take to form a business entity in Florida?

Picture of Chris Battis By   ·  1 minute read

To form a business entity in Florida, you must follow specific steps as required by state law. The following are the steps you need to take to form a business entity in Florida:

  1. Choose a Business Name: First, you must choose a unique name for your business that is not similar to any other registered business names in Florida. You can search for existing business names in Florida on the Florida Division of Corporations website.
  2. Determine the Business Structure: You must decide on the type of business entity you want to form in Florida. You can choose from a sole proprietorship, partnership, corporation, limited liability company, or a limited partnership.
  3. Register Your Business: Once you have decided on the business structure, you must register your business with the Florida Division of Corporations. You can file for registration online or by mail.
  4. Obtain Necessary Licenses and Permits: Depending on the nature of your business, you may need to obtain specific licenses and permits from the local, state or federal government.
  5. Choose a Registered Agent: You will need to appoint a registered agent for your business who is a resident of Florida or a corporation authorized to transact business in Florida.
  6. File Your Articles of Incorporation: If you are forming a corporation, you need to file the Articles of Incorporation with the Florida Division of Corporations.
  7. Obtain an Employer Identification Number: You must obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) to identify your business for tax purposes.
  8. Open a Business Bank Account: It is essential to open a separate bank account for your business to keep your personal finances and business finances separate.
  9. Comply with Tax Obligations: As a business owner in Florida, you need to comply with various tax obligations, such as sales tax, income tax, and other state taxes.

It is essential to note that forming a business entity in Florida may have specific limitations or exceptions. For example, a foreign entity may require additional registration requirements in Florida. Additionally, different business structures have unique legal and tax implications. It is best to consult with an experienced attorney to ensure that you are following all legal requirements and taking the necessary steps to form your business entity properly.