How to set up a business online in Florida

Nov 14
19:43

2020

David Steinfeld

David Steinfeld

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Setting up or forming a business in Florida is very easy. Simply go on the Sunbiz website and fill in the information. But determining which corporate entity to choose is a topic to discuss first with a business lawyer. You also discuss the tax implications with your accountant or CPA.

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What is an S Corp There is no corporate entity called an S Corp.  The S Corp is a tax election as compared to a C Corp or other choices like sole proprietor and partnership. It merely denotes how you want your business treated for tax purposes.  
What are the entities in Florida for my business The recognized business entities in Florida are the corporation,How to set up a business online in Florida Articles the limited liability company, and the partnership. The corporation is regulated by Chapter 607 and identified by the letters Inc. The limited liability company, is governed by Chapter 605 and identified by LLC after the business name. Partnerships are addressed in Chapter 617 and can have several identifiers depending on what kind of partnership it is. 

The LLC is now the most common entity used in Florida because it is easy to manage and provides a good deal of protection for its owners.

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