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Common questions regarding incorporation or LLC formation in Florida

Why incorporate or form an LLC in Florida?

Incorporating or forming an LLC in Florida helps protect the business owners’ personal assets because it creates a separate legal entity to transact business. If the business operates as a corporation or an LLC, its owners are typically held responsible only for the amount of money personally invested or guaranteed. What’s more, an LLC or corporation often has enhanced credibility with lenders, potential customers, vendors, and employees. If your principal place of business is in Florida, forming there, rather than in another state, will reduce your initial and ongoing costs.

What should I know about incorporating in Florida?

To incorporate in Florida, you must file Articles of Incorporation. LLCs must file Articles of Organization. Your business name should be distinguishable from names of other businesses operating in the state and include a corporate or LLC suffix. Florida permits you to list the names and addresses of initial directors/officers or member/managers, but that’s not mandatory. A corporation must state the number of authorized shares. Every Florida LLC and corporation must appoint and maintain an in-state Registered Agent. Both corporations and LLCs must file an annual report.

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