Florida Company Formation

Florida Company Formation

Downtown Miami over Biscayne Bay

Florida is a state in the United States of America which is bordered to the north by Georgia and Alabama, to the east by the Atlantic Ocean and to the west by the Gulf of Mexico. Its capital is Tallahassee. Its economy is driven by many activities such as commercial space travel, tourism, banking and other financial services, aerospace, manufacturing and construction.

  • TYPE OF COMPANY: LLC
  • COMPANY LAW: Common
  • SUFFIX TO DENOTE LIMITED LIABILITY: LLC
  • MEMBERS: Minimum one of any residency or nationality – we can provide
  • SECRETARY: Not required
  • CAPITAL REQUIREMENTS: None
  • OWNERSHIP: 100% Foreign ownership allowed
  • TIME TO INCORPORATE: 24 hours
  • REGISTERED OFFICE: Required in Florida – we can provide
  • ANNUAL RETURN: No
  • ACCOUNTS: Yes
  • DISCLOSURE: No
  • TAXATION: No
  • GOVERNMENT LICENCE FEE: Annual Filing Fee
  • DOUBLE TAXATION TREATIES: None
  • LANGUAGE OF DOCUMENTATION: English

 If you would like further information on setting up a company in Florida or the formation of a Florida company or other Florida corporate entities or require professional advice relating to taxation or the structuring and requirements of a Florida company, please contact us. We can also provide advice on establishing a subsidiary, joint venture or foreign company to carry on business in Florida.

We can provide a wide range of support and administration services, bank introductions, nominee directors, nominee shareholders, virtual offices, accountancy and legal services. We can also advise on compliance with all the regulatory and statutory requirements.

 ****** Please see the table of requirements for the various types of entities below – for further information please contact our offices******

C Corporations S Corporations LLCs & LLPs General Partnerships
Liability of Owners Limited, even if shareholders participate in management. Same as “C” Corporation. Limited, even if members participate in management Unlimited for general partners; limited for limited partners who do not participate in management.
Number of Owners No maximum Maximum – 100 (as of 2005) No maximum, usually at least 2 No maximum, minimum of 2
Profit/Loss and distributions Special allocations permitted separate classes of stock No special allocations permitted Special allocations permitted Special allocations permitted
Transferability of interests No restrictions No restrictions, but must be eligible shareholder or “S” status terminates Restricted, typically requires approval of majority of members Generally restricted unless authorized by agreement
Federal income taxes Maximum 35% on Corporation, plus tax on dividends to shareholders No corporate tax unless previously a C corporation None at LLC or LLP level None at partnership level
Continuity of life Unlimited Unlimited Limited Limited
Double taxation? Yes Rarely No No
Tax forms required Form 1120 Form 1120S Form 1065 Form 1065