Information about setting up new company

For profit corporations

• A CORPORATION is a legal entity, created by statute (i.e., the state) with all the rights, privileges and responsibilities of a natural person; possessing the attributes of limited liability, centralized management, continuity of life and free transferability of interest.

  A FOR PROFIT CORPORATION is a corporation created for the purpose of conducting business in the widest sense of the term. In Florida, such a corporation may be organized generally under Chapter 607 but may take on special attributes as prescribed by other subservient chapters.

The name of the corporation

• The name of the corporation must include a corporate suffix such as Corporation, Corp., Incorporated, Inc., Company, or Co. A Professional Association must contain the word "chartered" or "professional association" or "P.A.".

Any entity that transacts business in Florida as a corporation is required by Florida Statutes to file documents of incorporation or authorization with the Division and pay the filing fee.

The documents must be typewritten or printed legibly in the English language. The professional advice of your legal counsel to ascertain exact compliance with all statutory requirements is strongly recommended.

Each year after the initial filing, all corporations must file a Uniform Business Report and pay the filing fee between January 1 and May 1. Failure to file a Uniform Business Report will result in administrative dissolution of the corporation and loss of authorization to transact business as a corporation in Florida.

Supplies such as minute books, stationery, stock certificates and corporate seals are available through office supply stores. There are no laws requiring corporations to obtain any of these. Some financial institutions and title companies require a corporate seal on documents signed by a corporation and are within their rights to do so.

• Articles of Organization containing the following information :
• • The name of the corporation.
  • The principal place of business and mailing address of the corporation.
  • The total number of shares that this corporation is authorized to have outstanding at any one time.
  • The name and street address of the Registered Agent (The Registered Agent's address is also known as the "Registered Office.") A Post Office Box, mail drop box or personal mail box (PMB) address is not acceptable.
  • A statement, signed by the Registered Agent, accepting the appointment as Registered Agent.
  • The name(s) and street address(es) of the Incorporator(s).
  • Specific Purpose for a "Professional Corporation".
  • The names, address and titles of the Directors/Officers (optional). The names of officers/directors may be required to apply for a license, open a bank account, etc.

• Filling Fees :
• • Filing Fee $35.00
  • Designation of Registered Agent $35.00
  • Certified Copy (optional) $8.75 (plus $1 per page for each page over 8, not to exceed a maximum of $52.50)
  • Certificate of Status (optional) $8.75
  • (Make checks payable to Florida Department of State)