Form LLC in Orlando Florida LLC or Corporation
FreedomSBS’s staff has been providing business incorporation services of 15 years. LLC’s and Corporations both have their advantages and disadvantages, and the right answer does not necessarily depend on the nature of your business but rather on its objectives and aspirations. The regulations for LLC and Corporation both vary in different states, and so the decision can very much differ based on which state you live in, as state laws and tax costs can invariably effect the impact on your choice of business structure. Previously business owners were only torn between choosing to stay as sole proprietors or partners or to go public, but now with the option to form LLC in Orlando, Florida the choice has become all the more difficult.
Form LLC in Florida – Benefits to Form LLC in Orlando, Florida
LLC’s offer the perks of corporations, which primarily include the limited liability clause and at the same time offer the same flexibility as that of an independent business. LLC’s are not corporations, but are an entity nonetheless, which means that your company will be liable for any debts rather than you personally. LLC’s are easier to operate and thus a lot less formal than corporations. You do not need to offer any yearly minutes or meetings to your shareholders and you and your partners can be the only decision makers. Many states require two or more partners in order to be eligible for LLC, so if you would like to remain the sole owner of your business then this may not be the ideal choice for you.
Incorporating in Orlando, Florida
Procedure for incorporation in Orlando, Florida is relatively easy and only takes up a few days to complete. You can either hire a lawyer or incorporate in Orlando, Florida online by hiring a reliable company to incorporate your business. Corporations are companies that hold their own as separate business entities and thus are responsible for their own debts and other liabilities. Incorporating your business will only make you liable for your share in the company rather than take the responsibility for all liabilities. Corporate businesses are considered far more reliable and thus generate more business. You can also sell shares of the company to raise more capital for expansions etc. Corporations are also more permanent and are not affected by the demise of any of the shareholders.
Form LLC in Florida – Which is the Best Option for You?
Eventually the answer lies with your needs, requirements and objectives for your business. If you would like to retain the flexibility and informal operations of your business while not being held fully responsible for its liabilities then LLC is the best option for you. Whereas, if you plan on expanding your business or raising more capital by going public, then corporation might be your best answer. Be sure to check the state laws before making your decision. It is important to consult your legal advisor or lawyer before making that decision, as they can better help you decide which one might be a more profitable and viable option for your business. You can always switch from LLC to corporation by paying a small fee, however you may not be able to easily. So make sure that you have evaluated all the pros and cons before making your decision.
If you need more information about our business development services, please contact us at 407-344-1228. FreedomSBS is a marketing, graphic & web design, accounting, internet marketing, business development, and corporate law resource firm all in one! FreedomSBS is your one stop shop to start, grow and mature your business. Our services include: incorporation services, graphic design, logo design, web design, web development, internet marketing, search engine optimization (SEO), marketing consultations and corporate law resources. Our services are provided nationwide, but since our main office is located in Kissimmee, FL, we mainly help businesses in the Central Florida market to areas like Orlando, South Orlando, Kissimmee, St. Cloud, Poinciana, and Hunters Creek, FL.