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.
  
  MORE INFORMATION about setting up for-profit corporation