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Florida Annual Report

Date: 07/06/2015 | Category: | Author: Jakub Vele

Annual Reports for Florida Corporations & LLCs

The first annual report must be delivered to the Department of State between January 1 and May 1 of the year following the calendar year in which a domestic corporation was incorporated or a foreign corporation was authorized to transact business. Subsequent annual reports must be delivered to the Department of State between January 1 and May 1 of the subsequent calendar years.
Profit corporations, limited liability companies that failed to file by May 1st are subject to a $400.00 late fee

Information in the annual report must be current as of the date the annual report is executed on behalf of the corporation.

If an additional updated report is received, the department shall file the document and make the information contained therein part of the official record.

Fees

Profit Corporations Annual Report – Order Online
Annual Report – $150.00
Profit Annual Report (Received after May 1) – $400.00
Our service fee – $15

Limited Liability Company Annual Report – Order Online
Annual Report Filing Fee – $138.75
Profit Annual Report (Received after May 1) – $400.00
Our service fee – $15

Additional Services

Date: | Category: | Author: Jakub Vele

Florida Additional Services

TAX ID (Employment Identification Number - EIN) - FREE

Self-Service: Obtaining a Tax ID number doesn’t cost any money. You can apply by phone, fax or mail. You can also call toll free at (800) 829 4933 and get EIN instantly over the phone. If you apply by fax, it takes about 4-5 business days. If you apply by mail, it takes about 3-4 weeks. Please find information about Tax ID – EIN here.

Full Service: Do you need assistance with obtaining a tax ID? We can help prepare the form and obtain the tax ID for $45. Order here Tax ID.

S CORPORATION STATUS ELECTION

What is “S Corporation”?: An “S Corporation” is a corporation that elects to be taxed under Subchapter S of the Internal Revenue Code and receives IRS approval of its request for Subchapter S status. As a legal entity (an artificial person), the S corporation is separate and distinct from the corporation’s owners (the stockholders). Under Nevada incorporation law, there is no distinction between a C corporation and an S corporation. The incorporation process is the same. However, the two type of corporate entities are subject to differing federal and state tax treatment. Our cost is $45. Order S Corporation filing here.

CORPORATE KITS

Corporate kits start at only $82.50. LLC and INC. Click here to order corporate/LLC kits for any U.S. state.

FLORIDA CERTIFICATE OF GOOD STANDING

A certificate of good standing (certificate of existence) is a document issued by the Secretary of State certifying that your corporation does exist legally and that it is in good standing with the state. We can obtain one for you.

Florida Certificate of Good Standing Online Order Form

FLORIDA APOSTILLE

In 1981, the United States joined the 1961 Hague Convention abolishing the Requirement of Legalization for Foreign Public Documents. The Convention provides for the authentication of public (including notarized) documents to be used in countries that have joined the convention. Apostille of Articles of Incorporation or other document is issued by the Secretary of State. If you need Apostille of Articles of Incorporation the State also charges for Certified copy of Articles.

Florida Apostille Online Order Form

FLORIDA REINSTATEMENT OF CORPORATION/LLC

If your charter was revoked and you want reinstate the company, you have to pay all due fees and penalties and file appropriate annual reports.

Do you need somebody to handle reinstatement for you? Please contact us! We charge $89. We can find out how much money you owe for state fees.

FLORIDA AMENDMENTS OF ARTICLES

The original Articles never changes, so to accomplish a change to the Articles, an amendment to the Articles is necessary. There are times when a business needs to change the information included in the Articles of Incorporation or Articles of Organization. To do this, you need to file an amendment with the Florida Secretary of State. Some reasons a business may need to file an amendment are to change the company’s name, to expand or alter the company’s business purpose, or to change the number of authorized shares or par value (for corporations only).

Florida Amendment Online Order Form

FOREIGN QUALIFICATION (all U.S. states)

Registration of foreign company qualifying to conduct business in other states: If your company expects to transact business outside your state of formation, your company may be required to qualify as a “foreign corporation” or “foreign LLC.” We can file the necessary paperwork to qualify your business as a foreign corporation or LLC in any of the 50 states.
Do you need somebody to handle foreign qualification for you? Please contact us!

Read more information about Foreign Qualification here
Foreign qualification fees

U.S. ADDRESS FOR PERSONAL OR BUSINESS USE AND MAIL FORWARDING

Do you need U.S. street address as your mailing address. Mail is forwarded once a week. We offer mail forwarding service based in Las Vegas, NV.

There are two options:
$150 per year. $2.50 per mailout plus postage.
$99 per year. $5.50 per mailout plus postage.

To order mail forwarding, click here.

BUSINESS LICENSE REPORT

Business licenses are mandatory for every business in the USA to operate legally. You may require federal, state, local licenses, permits, and tax regulations for your business.

Obtaining business licenses and permits is a daunting and time-consuming process as it entirely depends on the business industry, location, etc. IncParadise makes the business license process easy for you by delivering a report that lists the required federal, state, local licenses, permits, and tax regulations. Our expert research team searches, identifies and verifies the local, state, and federal licenses and permit requirements for your business type and location. They then send you the report with a list of these business license requirements so that you can save yourself time and effort.

Order Business License Report

LOCAL VOICE MAIL AND FAX. FAX TO EMAIL.

We offer brand-new local voice mail or fax number. We will also issue you a password that will allow you to access the voice mail system in order to retrieve messages and/or set up your own customized greeting. Faxes can be forwarded to your email. Service available in FLORIDA: Ft. Lauderdale; Ft. Pierce; Jacksonville; Miami; Orlando; St. Petersburg; Sarasota; Stuart; Tampa; West Palm Beach. More details about local voice mail and fax services.

TOLL-FREE NUMBERS

We offer the best toll-free numbers on the market. Nationwide businesses, mid-sized and small businesses, and families can order toll-free 800 services and get a number that rings directly to your home or business. Redirect it to your fax machine or cell phone and back as you change locations. Track calls on the Internet in real time. Select an easily remembered vanity number for your business. You will get: custom routing, voice mail, inbound faxing, website account management, call recording, lead generation, vanity numbers, national toll-free database search and much more!

More information here.

DISSOLUTION

When you decide that you don’t want to continue business with your Florida LLC or INC, you should file DISSOLUTION. Dissolution means officially ending the life of your company. The paperwork is different If your company didn’t issue the shares and didn’t start business or if you are doing dissolution company actually doing some business.

Florida Dissolution Online Order Form

Articles

Date: | Category: | Author: Jakub Vele

What you receive when filing Corporation or LLC in Florida

When you file paperwork with Florida Secretary of State to set up Corporation this is what you will receive:

When you file paperwork with Florida Secretary of State to set up LLC this is whatyou will receive:

FAQ

Date: | Category: | Author: Jakub Vele

Florida Incorporation Frequently Asked Questions

Do I need to reserve a corporate name?

No, but it is recommended to reserve a name prior to filing to ensure that it remains available during the incorporation process.

How do I reserve a corporate name?

The reservation of your corporate name will be handled by IncParadise and is included in the price of our service.

Do I have to renew my name registration?

No.

How do I incorporate in Florida?

When using our service, IncParadise will file, on your behalf, the required administrative forms and articles of incorporation with the appropriate Florida agency.

Is a registered agent required?

Yes. . The registered agent must be either (1) an individual who resides in Florida and whose business office is the same as the registered office or (2) a corporation with a business office that is the same as the registered office. As part of our ongoing service, IncParadise does provide a registered agent service option that you can select during the online registration process.

How many Incorporators are required to form a corporation in Florida?

One are more are required.

How many Directors are required to start a corporation in Florida?

One or more as defined in the bylaws and stated in the articles of incorporation.

Are corporations in Florida required to file an Annual Report?

Yes. A report must be filed every year between January 1 and May 1. The first report must be filed within this period in the year following the calendar year of incorporation.

Can One Person incorporate or form LLC in Florida?

One person can incorporate in Florida. One person can form an LLC in Florida. Florida also allows corporations to be member in LLCs.

Are there any minimum capital requirements?

Florida has no minimum capital requirement to incorporate or form an LLC.

What tax savings will I receive by incorporating in Florida?

State of Florida has no personal income tax. And while regular corporations are levied with a 5.5% tax on federal taxable income over $5,000, if you incorporate your Florida business and choose the S status or LLC there will be no business State income tax. Read more about reasons to incorporate in Florida.

Can you reserve a company name on the website?

No. You must search for a name at www.sunbiz.org. Click on: ‘Online Searches & Document Images’. If the exact name comes up and its status is ‘inactive’, the name is now available for use by another entity. If the status is ‘active’, the name is NOT available for use. Once you have chosen a name, quickly submit for filing. If the name is not available, you will be notified.

Didn’t find answer to your question? Email as at info@incparadise.com

Why Florida?

Date: | Category: | Author: Jakub Vele

Why incorporate in Florida?

Business Information & Rankings

  • Florida is the 4th largest State for overall Technology Employment in the nation (Cyberstates, 2005)
  • Florida’s job growth is 11 times the average of all states. (Career Guide, U.S. News & World Report, 2005)
  • Florida is in the top ten among all States in terms of expansion and establishment of new businesses. (Annual Economic Development Rankings, Global Corporate Xpansion, 2005)
  • Florida ranks 2nd on the State Business Tax Climate Index (Tax Foundation, 2004)
  • Seven Florida metro areas were rated the very best U.S. cities for job creation and retention. (The Milken Institute, 2004)

Cost of living

For Orlando, FL (2005):Index Score
Composite:99.8
Housing:98.1
Utilities:97.3
Misc. Goods & Services:104.6

Crime Rate

Florida has the 42nd lowest crime ranking among U.S. States. (FBI, 2004)

Fees & Taxes

Business Inventory Tax
Florida does not tax business inventory.

Corporate Income Tax
Rate: 5.5%

Personal Income Tax
None.

Personal Property Tax
Taxable.

  Tangible Property: Anyone owning tangible personal property on January 1, who has a proprietorship, partnership, corporation, is a self-employed agent or a contractor, must file a tangible personal property return. Property owners, who lease, lend or rent property must also file.

  Intangible Property: Every corporation, company, or other legal entity domiciled in Florida or who manages or controls intangible personal property having a taxable status in this state, must file an Intangible Personal Property Tax Return if tax due, before discount, is $60 or more.

State Sales and Use Tax
Base Rate: 6%
Machinery Rate: none

An exemption is given for industrial machinery and equipment for use in a new business that manufactures, processes, or produces for sale items of tangible personal property at fixed Florida locations if they increase productive output by not less than 10% percent, are exempt from an amount of tax in excess of $50,000/yr.

Unemployment Insurance
Florida’s new employers’ rate is 2.7% for 2.5 years.

Incorporate in Florida

Date: 06/26/2018 | Category: | Author: Jakub Vele

Incorporate in Florida

Is company incorporation in Florida the right choice for you? Florida is probably one of the best states for small and medium enterprises (SMEs) thanks to a positive business and economic climate. Some of the advantages that SMEs enjoy in this state range from generous tax benefits, ease of transportation; large markets for sellers, and a thriving tourism industry.

A report by U.S Small Business Administration says that small businesses in Florida have employed over 3.1 million people. The exit rates for businesses have decreased over the years while new or start-up company incorporation in Florida has increased.

Why Choose Florida for Incorporation?

Of late, there has been a rise in company incorporation in Florida and one of the prime reasons is the advantages that businesses enjoy. Some of the advantages include:

Major Tax Benefits

One of the reasons for a high number of start-up businesses in Florida is because of the flexible tax structure. In Florida,

  • Corporate income tax on S-corporations is non-existent
  • Corporate income tax especially on limited partnerships is non-existent
  • Corporate franchise tax on capital stock is non-existent
  • State-level property tax is not assessed
  • Property tax is not levied on goods-in-transit for a period of 180 days
  • Property tax is not levied on business inventories
  • Goods that are manufactured or produced in the state for export does not attract sales and use tax
  • Purchase of raw materials including packaging or non-reusable containers does not attract any sales tax.

Pass-through taxation

If you are planning to set up a company in Florida then this is another advantage you will enjoy. If you have registered your business as S corporation then you will only pay income tax on your income and not on the income of your business.

Industry Incentives

What makes Florida better for SMEs is the scheme called targeted industry incentives. If you set up company in Florida and are able to create high wage jobs in specific high value-added industry then your business will qualify for Qualified Target Industry Tax Refund (QTI) incentive. The incentive can provide you with refunds on your insurance premium, corporate income, ad valorem, sales, and intangible personal property among others. There are several other incentives that businesses can benefit from and these include High Impact Performance Incentive Grant (HIPI), Brownfield Incentives, and Capital Investment Tax Credit (CITC).

How do you incorporate in Florida?

Company incorporation in Florida has its own set of benefits but there is a process that you need to follow. There are several requirements that are necessary for registering your C or S Corporation. We at incparadise.net have a team of specialists who can guide you towards setting up Florida C Corporation, S Corporation, or LLC in the shortest possible period.

Here is a step by step procedure towards incorporation in Florida:

  1. Type of Business: You need to identify the type of business you want to set up in Florida. You can choose from a general stock corporation to a non-profit corporation, LLC, limited partnership (LP), or limited liability partnerships (LLP).
  2. Business Entity Name: The second step is to identify a name for your business along with the required suffix. Pursuant to Chapter 607 or 621 F.S., the name of your corporation should include a suffix like Corp., Corporation, Inc., Incorporated, or Company etc. If you opt for company incorporation in Florida then it is essential to check a corporate name.
    Note: You will be required to fill and submit the Florida Fictitious Name Registration form, also known as the “doing business as” (dba) name.
  3. Registered Agent: You will need to name a registered agent as the agent will be responsible for initiating the processing of your Certificate of Formation. As a Florida registered agent like incparadise.net, we can also receive any and all legal and business related paperwork on your behalf.
  4. Articles of incorporation: You will need to file Articles of Incorporation for profit or non-profit corporation. We can always file on your behalf through the standard process or online or even through expedited process.
  5. Date Stamped Copies: As a part of the process of company incorporation in Florida, we will ensure, you receive a Certified Copy and a Certificate of Status verifying if the state of Florida has filed as well as formed your corporation.

Costs and Fees associated with Florida Incorporation

What would it cost to set up company in Florida? Check Fees here!

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