Serving business owners since 2007
Florida Incorporation Services
A glimpse into the Sunshine State business landscape
FREE business incorporation, including registered state agent
Just pay state fees, order in 5 minutes or less
Florida, renowned for its beaches and vibrant culture, is also a burgeoning hub for businesses, large and small. If you’re looking to start a business in Florida, understanding the current demographic distribution of business owners can offer valuable insights.
Gender dynamics: Male-owned businesses slightly overshadow female-owned enterprises, with 1,493,301 and 1,093,013 businesses, respectively. Interestingly, 132,807 businesses are co-owned, reflecting the collaborative spirit of the Sunshine State.
Veterans in business: While veteran-owned businesses (143,411) are fewer than non-veteran counterparts (2,554,328), the resilience and discipline veterans bring to the table can’t be underestimated.
Diverse ethnic landscape: Florida’s rich tapestry of cultures is evident in its business ownership. The state boasts 855,164 Hispanic-owned enterprises and 1,845,681 non-Hispanic ones.
Moreover, racial minorities, such as Asians, Black or African Americans, and American Indians, have established a noticeable footprint, with businesses numbering 123,780, 384,521, and 5,720, respectively.
Minorities making moves: With 1,279,298 businesses owned by Hispanic or racial minorities, there’s a growing trend of diverse groups playing a pivotal role in Florida’s economic landscape.
Data Source: https://advocacy.sba.gov/wp-content/uploads/2022/08/Small-Business-Economic-Profile-FL.pdf
If you aim to incorporate in Florida, you’re not just joining a business community but becoming part of a diverse and dynamic ecosystem. With many opportunities and a rich mix of cultures, Florida is the place to bring your entrepreneurial dreams to life.
Online Florida incorporation services with MaxFilings
Kickstart your entrepreneurial journey in Florida in just a matter of minutes. With MaxFilings’ quick and easy business incorporation process, you can set up your corporation in Florida in 5 minutes or less.
Before taking the plunge, familiarize yourself with Florida’s most recent laws and regulations relevant to your business type.
To ensure a smooth incorporation journey, we recommend consulting with seasoned professionals well-versed in Florida corporations akin to your business niche. This ensures compliance and helps you make an informed decision on whether establishing a corporation or an LLC in Florida aligns with your business vision.
See the full range of features, benefits, and pricing tailored to your needs.
Incorporate in Florida with MaxFilingsBenefits of incorporating your business in Florida
Asset protection
Florida is one of the premier states for business incorporation, offering unparalleled asset protection.
By choosing to incorporate here, business owners enjoy limited liability protection. This means your personal assets remain untouched, immune from the corporation’s debts and liabilities.
Furthermore, any legal claims arising won’t affect the company shareholders, and this protection extends to the corporation’s board of directors and officers.
Tax advantages for businesses in the Sunshine State
Opting for Florida incorporation could translate to significant tax savings. Unless you choose a “pass-through” tax status by filing an IRS Form 2553, your Florida corporation can retain more income.
The corporation handles its tax filings and payments (usually at rates lower than individual rates), while shareholders are taxed solely on their earnings from the corporation.
While there’s a “double taxation” caveat, where shareholders are taxed on dividends even after the corporation has paid its share, Florida’s C corporation setup can help accumulate earnings.
Ease of capital acquisition
Need to raise funds? Incorporating in Florida might be your golden ticket.
The ability to issue and sell stocks or other financial instruments makes attracting capital more straightforward. Plus, ownership transfer in Florida corporations is hassle-free, facilitated by stock issuance or transfers.
Robust business management
A corporation is often more attractive to potential employees than sole proprietorships or partnerships.
Florida corporations can woo top-tier talent with stock options and bonus plans. Owners actively involved in business operations also enjoy the status of employees, making them eligible for a plethora of benefits such as group insurance, retirement plans, tax-favored stock options, and bonus plans. This structure also paves the way for reduced self-employment taxes.
Lastly, it’s worth noting that a Florida corporation is a separate legal entity. Its existence isn’t tethered to the lifespan of a shareholder, ensuring continuity and a lasting legacy.
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Business tax climate info stats
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|||||
|---|---|---|---|---|---|
| #4 | 0 | 5.5% | 6% | 2% | 7.02% |
| Overall rank | No individual income tax | Corporate income tax rate | State sales tax rate | Maximum local sales tax rate | Combined state & average local sales tax rate |
Source: https://taxfoundation.org/location/florida/
Comprehensive business structures overview in Florida
Business structure |
Ownership |
Liability |
Taxes |
Flexible management |
Annual meeting |
Recognized internationally |
|---|---|---|---|---|---|---|
| Sole proprietorship | One person | Unlimited personal liability | Self-employment tax Personal tax |
Yes | No | Varies by country |
| Partnership | Two or more people | Unlimited personal liability (except for limited partners) | Self-employment tax (except for limited partners) Personal tax |
Yes | No | Varies by country |
| LLC | One or more people | Owners are not personally liable | Self-employment tax Personal tax or corporate tax |
Yes | No (unless specified in operating agreement) | Varies by country |
| C corp | One or more people | Owners are not personally liable | Corporate tax | No (structured board and officers) | Yes | Generally recognized |
| S corp | One or more people, max of 100, all US citizens | Owners are not personally liable | Personal tax | No (structured board and officers) | Yes | Limited recognition |
| B corp | One or more people | Owners are not personally liable | Corporate tax | No (structured board and officers) | Yes | Generally recognized |
| Nonprofit | One or more people | Owners are not personally liable | Tax-exempt (profits can’t be distributed) | Somewhat (depends on bylaws) | Yes | Varies by country |
Source: https://www.sba.gov/business-guide/launch-your-business/choose-business-structure
Start a business in Florida
What’s the best business structure to incorporate in Florida? Read our guide.
Florida C Corp Formation
Discover the step-by-step process of establishing a C corporation in Florida.
Florida S Corp Formation
Learn about the unique aspects, benefits, and processes related to Florida S corporations.
Florida LLC
Formation
Understand the nuances of setting up a Limited Liability Company in the Sunshine State.
Pros and Cons of Florida Incorporation
What are the advantages and potential challenges of incorporating in Florida?
Why choose MaxFilings for your Florida incorporation?
No more exorbitant attorney fees
We won’t break your bank (that’s a promise) when you incorporate your Florida business with us.
With MaxFilings, sidestep the hefty hourly charges that attorneys often demand for routine filings. While we always recommend seeking legal advice for clarity, once you’re ready, our business formation specialists can handle the paperwork swiftly and economically, ensuring you get the best value for your money.
Transparent costs, no hidden surprises
The internet is rife with incorporation services that lure you in with seemingly low prices, only to spring hidden fees on you at the last moment. Some might not clearly mention costs like shipping or correspondent fees, leading to unexpected expenses down the line.
At MaxFilings, our honest, transparent pricing means you’ll know the exact cost of incorporating in Florida upfront. Most of the fees you’ll encounter are Florida’s state fees, with only minimal charges from our side for our expert services. No hidden costs, no last-minute surprises.
Integrity and efficiency at the forefront
We pride ourselves on a straightforward pricing model. We won’t dangle a deceptively low price before you, leaving you to decipher state filing fees or search for unmentioned add-ons.
With us, what you see is what you get, ensuring your incorporation process is smooth, honest, and efficient.
Affordable pricing for your online Florida incorporation.
At MaxFilings, we believe in offering value-driven packages that cater to various business requirements and budgets. No matter your choice, transparency, and efficiency are at the core of our service.
Our basic package starts at $0 + State incorporation fee
Note that state incorporation fees are mandatory as dictated by the Florida Secretary of State, irrespective of the online incorporation service you choose.
1. Basic DIY package
Ideal for those who want to handle the process themselves with professional guidance, our package is cost-effective and straightforward.
With this package, you only pay the state incorporation fee based on your chosen business structure. For instance, a Florida corporation state fee is just $70, while a Florida LLC state fee is $125.
Please note that these state fees are mandatory as the Florida Secretary of State dictates, irrespective of the online incorporation service you choose.
2. Gold package (our most popular option)
For those seeking more comprehensive support, our Gold package offers additional features and convenience.
3. Platinum package
For the ultimate peace of mind and full-service support, consider our Platinum package.
See the full range of features, benefits, and pricing tailored to your needs.
Incorporate in Florida with MaxFilingsStill undecided about starting a business in Florida?
Choosing the right state for incorporation is a critical decision that can significantly impact your business’s success and growth. While Florida offers a wealth of opportunities, it’s essential to find the state that aligns perfectly with your business goals, industry, and long-term vision.
If you’re still weighing your options and seeking insights into the best and worst states to incorporate in the US, we have just the resource for you.
This comprehensive guide delves into the unique attributes, advantages, and considerations for each state, empowering you with the knowledge to make an informed choice. From tax structures to legal frameworks, our guide breaks down the essentials, helping you find the ideal location for your business incorporation.
At MaxFilings, we are committed to supporting you every step of the way.
