Corporation Formation

Florida corporate minutes requirements come from Chapter 607 of the Florida Statutes, and the short version is this: you have to keep minutes of shareholder and board meetings, records of any action taken without a meeting, and a handful of core documents, and you have to be able to produce them. The bigger reason toContinue reading “Corporate Minutes & Record-Keeping Requirements in Florida”

Yes, you can form a single shareholder corporation in Florida. You can be the only shareholder, the only director and every officer, and you get the same liability protection and tax options as a corporation with a hundred owners. The catch is that you have to run it like a real corporation, even when everyContinue reading “Single Shareholder Corporations in Florida: What You Need to Know”

A Florida benefit corporation is a for-profit corporation that’s legally required to pursue a public benefit alongside profit. You form one the same way as any Florida corporation, for the same $70 filing fee, with two additions: your articles say it’s a benefit corporation, and every year you give shareholders a benefit report measured againstContinue reading “Florida Benefit Corporation: How to Form a For-Profit with Purpose”

Florida corporate bylaws are the internal rulebook for your corporation: how directors are elected, how meetings work, who the officers are and how shares change hands. Every Florida corporation is required to have them, but you don’t file them with the state. You adopt them at the start and keep them with your corporate records.Continue reading “Florida Corporate Bylaws: What to Include and Template”

To convert an LLC to a corporation in Florida, most owners use a statutory conversion: the members approve a plan of conversion, and you file Articles of Conversion with the Articles of Incorporation at the Florida Division of Corporations. The business keeps its assets, contracts and history and simply continues as a corporation. State feesContinue reading “Converting an LLC to a Corporation in Florida”

For most small Florida businesses with a handful of US owners who take the profits out each year, an S-Corp comes out ahead. A C-Corp makes more sense if you plan to raise venture capital, have foreign or corporate investors, or want to keep most of your profit inside the company. That’s the short versionContinue reading “S-Corp vs C-Corp in Florida: Which is Right for Your Business?”

For most small businesses, an LLC is the better choice: same liability protection, fewer formalities and more tax options. A corporation wins when you plan to raise venture capital, issue stock options or eventually go public. That’s the corporation vs LLC decision in two sentences. The rest of this guide covers the details that canContinue reading “Corporation vs LLC: Which Business Structure Is Right for You?”

A professional corporation (PC) is a corporation that only licensed professionals, such as doctors, lawyers, accountants, architects and engineers, can own. Many states require these professionals to use a PC (or a PLLC) if they incorporate their practice. If you’re asking what is a professional corporation in practical terms: it gives you corporate liability protectionContinue reading “What Is a Professional Corporation (PC)?”

A B-Corporation (B-Corp) isn’t a type of company you register with the state. It’s a certification, granted by the nonprofit B Lab, for for-profit businesses that meet its standards for social and environmental performance, accountability and transparency. So when people ask what is a B-corporation, the short answer is: a normal business that has passedContinue reading “What Is a B-Corporation? Purpose, Certification, and Benefits”

In the S-Corp vs C-Corp decision, most small businesses that pay their profits out to the owners come out ahead as an S-Corp. Most startups that plan to raise venture capital need to be a C-Corp. Both give you the same liability protection. What separates them is how they’re taxed, who’s allowed to own them,Continue reading “S-Corp vs C-Corp: Key Differences and How to Choose”