Incorporate In Florida- A Decision You Won’t Regret
Are you evaluating your options for starting up a business? If yes, you can narrow down your search to just one name, Orlando. While the entire state of Florida has a highly rewarding business climate to boast of, it is Orlando that is quickly emerging as the new entrepreneur’s favorite and for good reason.
First and foremost, an incorporate in Florida is a wise decision because entrepreneurs are offered the facility to not only reserve their chosen company name, they can accomplish a variety of tasks such as filing documents and payment of taxes online.
In addition, what further makes it easier to start an incorporate in Florida is the fact that many easy financing options exist. This means you do not have to worry about capital when it is an incorporate in Florida we are talking about. What further sweetens the deal is that as an owner, you are not entitled to pay personal income tax. Yes, you read it right.
In other states, corporations are usually required to pay a tax of 5.5% annually for income exceeding $5000. However, with an incorporate in Florida, you can keep all such issues at bay. By option for the ‘S’ status, a corporation is not required to pay the average 5.5% tax.
Wondering what this ‘S’ status is? Actually, they are entities that are not taxable. These companies do not have to file income tax returns after one year of operating in the city. Another benefit that comes with an incorporate in Florida is that there aren’t any requirements when it comes to minimal capital. Unlike other states, you are not required to invest at least $1000 as capital to start your business.
Another perk associated with an incorporate in Florida is its simplicity. You do not need to involve a group of people in your business because one person can play multiple roles. For instance, one individual can be the secretary, president, treasurer as well as the director for a company.
All these reason make incorporate in Florida every entrepreneur’s smart choice. Florida is undoubtedly a business friendly state that does not only have lowest annual fees, it also has the fewest corporation requirements.
One of the most attractive aspects of an incorporate in Florida is that it exists independently from its owners. In case you claim bankruptcy, your personal assets will be safe and secure. Setting up an incorporate in Florida is also fast. All you have to do is to make sure the articles of incorporation are completed, incorporation fees has been paid and documents have been filed to the state and you are all set to go.
The primary reason people prefer incorporation over others is the protection it offers in the event of business responsibility. Since they aren’t the responsibility of the owner, only business assets and no personal assets are used to pay off the loans.
Bottom-line, if you are planning to set up a business, an incorporate in Florida is the right choice.
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.