FLORIDA CORPORATION
Each year, thousands of Florida corporations are registered in Florida. Being incorporated brings many advantages over partnerships and sole proprietorships. The main reason people incorporate is to avoid personal liability. While sole proprietors and partners have all of their personal assets at risk, corporate shareholders risk only what they paid for their stock. With the state of Florida turning into one of the most litigious states in the Union, the corporation is one of the few inexpensive protections left. A corporation is a legal person that can be created under Florida law. As a person, a Florida corporation has certain rights and obligations, including the right to do business in its own name.
In addition to our basic Florida corporation services our firm is sure that you will be in need of many other services. Please take your time to educate yourselves on the services that you may need by reading our free information printed below. Our firm is sure you will find the information beneficial and we will be glad to help you will all of your business legal needs now and in the future.
$91.95 FLORIDA CORPORATIONS
YOUR FLORIDA CORPORATION WILL INCLUDE:
SERVICES FOR YOUR FLORIDA CORPORATION
Anonymous Services
Anonymity. If you do not want to be identified on the public record as an officer or director of a Florida Corporation you do not have to be listed. Instead we can file you anonymous for a one time fee of $45.00. You may also want to take your anonymity a step further and have a nominee, a person other than yourself, to serve as the director and officers, thus maintaining your privacy. Our office provides an individual to serve in this capacity for $1,585.00 per year. (This fee includes the indemnification service)
Occupational License
If you are out of state or country or just too busy we will be glad to help you acquire your occupational license to help you do business. The fee to do this is $125.00 plus any additional filing fees per county or city.
Medical Reimbursement Plan
Hire your spouse and receive fully deductible health benefits for yourself. A Small business can fully tax-deduct health insurance and doctor’s bills for a spouse who is working and on the payroll. The owner spouse can get medical benefits not as an owner, but as a spouse of the employee-spouse. The business deduction is 100%- not the 70% as for the self-employed. The fee for this is only $60.00 dollars. FREE with Incorporation.
State Certified Minority/Women Business Enterprises
Minority/Women owned businesses receive first tier referrals which means they are the first businesses referred to state agencies seeking to include supplier diversity as a part of their purchase order and contract opportunities; Loan mobilization programs assist state certified minority business enterprises in obtaining funding when starting a state-funded project. The loans made through participating banks are designed to enhance relationships between the banking community and CMWBEs. We can complete the documents for your minority registration within 3-4 weeks for $700.00
DUNS Number and Central Contractor Registration
The benefits of having a DUNS number are that you may list the number in the Duns and Bradstreet database; after you are listed you may use the D&B as a credit reference; and you will be able to update your record anytime with D&B. We will acquire your DUNS number within 30 days for $135.00 you may start the above process Prospective vendors must be registered in CCR prior to the award of a contract: basic agreement, basic ordering agreement, or blanket-purchase agreement, unless the award results from a solicitation issued on or before May 31, 1998. Prime contractors are not required to have their subcontractors register in CCR. If a prime subcontractor wants to bid directly for contracts with the DOD, they should register in the CCR. We can acquire the CCR registration within 2-3 weeks for $135.00 dollars.
1244 stock (TAX TIP)
A Corporate Shareholder is normally allowed to write off only a capital loss of $3,000 dollars. However, the issuance of 1244 stock provides the Shareholder with a maximum ordinary loss of $50,000 (or $100,000 in the case of the husband and wife filing a joint return.) Take advantage of this special stock issuance plan complete with resolutions for only $50.00 dollars.
Independent Contract Agreement (ASSET PROTECTION TIP) Special $55.00 with the purchase of a Corporation.
If you would like to 1099 a worker as an independent contractor without the worry of the IRS coming after you because of the worker's failure to do their own tax withholdings, having an executed Independent Contractors Agreement is a good beginning. Additionally, if vicarious liability (being sued because of a worker's negligent actions) is of a concern, again an executed Independent Contractors Agreement is the layer of protection your company needs. The cost for an independent contractors agreement is only $120.00 dollars at the time of incorporating.
Qualified Sub Chapter S Subsidiary Corporation
However, if QSSS status is desired for a subsidiary, the parent must wholly own the subsidiary. This service provides asset protection and tax saving possibilities that are almost infinite, depending on how many subsidiaries there are. However, if the Subsidiary qualifications is desired, one Sub Chapter S corporation must wholly own the other Sub Chapter S Corporation. The fee for this service is $95.00 per qualification.
Sub-Chapter S Corporation Election (TAX TIPS)
The Sub-Chapter S Corporation allows the Shareholders to avoid having their profits taxed twice because there are no corporate taxes with a Sub-Chapter S Corporation. This type of Corporation also allows the owner to avoid all of his/her profits from being hit with a self employment tax. Lastly, the Shareholders of an S-Corporation are able to write off their losses on their personal taxes, even against separate income (money from other employment or a spouse's income on a joint return.) If you want your business to have these major tax advantages it costs an additional 60.00 dollars. We will complete the Federal requirements and draft the Corporate articles, bylaws, resolutions and stock certificates to reflect the company's status as an S-Corporation.
Unemployment Tax Account Number and new Hire Report
If you are going to be paying a wage state law requires you to have an unemployment tax ID to do your state withholdings and new hire report to report your new hires (including yourself) so to avoid penalties from the Department of revenue. The preparation fee for the Unemployment number paper work is $35.00 and there is a $30.00 fee to prepare 10 new hire reports.
Federal Tax ID Number
The Federal Tax ID Number is required to open a business account and to put your license into the corporate name. It is also necessary for those who need to get exempt from workers compensation insurance. The tax Id is only $35.00 dollars at the time of incorporation and we will acquire the actual number for your convenience.
Workers Compensation Exemption Registration
We can prepare the workers compensation documentation correctly and timely so there is no delay in your obtaining an exemption from costly insurance premiums. If your business is non-construction related you may exempt all of your officers from Workers Compensation Insurance. If your business is construction related you may get up to three officers exempt, however, they must also be 10% owners of the new corporation. We will prepare the documentation and the cost will be $65.00 for the first officer and $40.00 dollars for the second and $25.00 per officer thereafter.
Security Agreement with a Loan Agreement
The flow of money is the grease that lubricates the wheels of commerce. Over the years important rights and protections have been developed to insure this flow continues. If you would like to loan money into your company other than that which you give in exchange for your ownership interest, a loan agreement and promissory note is the proper way to do so. This works by having the loan agreement and promissory note signed between the corporation and owner so the extra money is seen by the IRS as a loan to be repaid and not capital without strings attached. Additionally, a security agreement, when recorded acts as a buffer securing the loan against subsequent corporate creditors, thus keeping you first in line to recover the loaned money. The cost for the security agreement and help with its UCC registration is $150.00. The loan agreement and promissory note is $65.00 dollars additional.
Sales Tax ID Number
If you are going to purchase products for resale you will need a Sales Tax ID Number. We can prepare the paperwork for $35 dollars or acquire the actual tax ID for $70.00 dollars.
Shareholders Agreement (ASSET PROTECTION) Special $55.00 with the purchase of a Corporation.
When a non-publicly traded corporation is formed, we strongly recommend having an agreement among the Shareholders as to how the corporation will be organized and operate. The Agreement drafted is in addition to the By-laws of the corporation and should contain clauses concerning the Buying and selling of the company's stock. It is a good idea that corporate governing procedures should be establish and memorialized in a written Shareholders Agreement at the time of incorporating because after the formation of the corporation matters may not be so easily agreed upon. Our document spells out the rights and obligations of the parties in the event disagreements come up. Even family corporations should consider a SHAREHOLDERS AGREEMENT, since it could settle issues without the expense of litigation. Issues covered in the agreement are the rights of the shareholders to vote, rights of the directors, salaries, nominating officers and employees, buy-sell agreement concerning stock transfers of shares and endorsement rights. This agreement only costs 120.00 dollars at the time of incorporating.
Employment Agreement (ASSET PROTECTION)
Asset protection in case of an unforeseen bankruptcy is often overlooked when thinking of an employment agreement in Florida. A well drafted employment agreement would allow a shareholder to protect his money by paying himself a wage as an employee and utilize the unlimited cash account exemption. After we draft your contract set up your wage account so that no interest will be credited to it (have any interest earned on the wage account either mailed directly to you or credited to another account), deposit only the wages of the statutory head of the family into that account, and include the designation "WAGE ACCOUNT" in the account title.
There are of course the important elements for new hired employees such as protecting your trade secrets and other intellectual property from being stolen without recourse as well a non-competition clause to seal off any attempt damage your business with your own ideas. Additionally, the beginning and ending dates of the employment period, the amount of the salary and time period it will cover, a description of duties and title for employees, agreed paid vacation days and severance pay are all inclusive. We will provide a specific agreement that entails all the above elements and more. This agreement is only $55.00 dollars at the time of incorporation.Indemnification Agreement (ASSET PROTECTION)
When you incorporate you are protected as a Shareholder (owner of a company), however, when you act as a director or officer you have to understand there is no corporate protection if you are sued. Therefore it is strongly recommended to have us register an indemnification in your articles of incorporation and draft a standard contract between the corporation and the the directors/officers for an important layer of protection. The fee for this work is only $65.00 dollars at the time of incorporating.
Registered Agent Service/Attorney Counsel
Our Law Firm has a vital and effective service that no entrepreneur at any level should be without. The Registered agent Attorney Counsel Service. The service includes: Our firms news letter, “The Business Tax Periodical”, which is available 8 times a year and offers legal information to help run your business without fear; our firm will examine your Uniform Business Report as well all other State corporation filing documents and file them timely and correctly for your business, this will ensure that your business remains in good standing with the state and business community. Our firm will help you keep up your ongoing minutes for your corporation's meetings so to avoid problems in case of a law suit or audit against your company; our firm will comply with all applicable laws and statutes relating to your businesses' Registered Agent and Registered Office. Finally, you get limitless telephone consultations all year with regards to your business legal matters. If you order this service when you incorporate receive an additional two month Bonus you pay only $69.00 for the first 14 months of service.
Speed of service
We normally get you your documents in about 2 1/2 weeks. If you need your corporation completed quicker we have a same day incorporation for an additional $225.00 dollars and if you need to be incorporated next day it will cost an additional $150.00 dollars and $75.00 for 3 days.
DBA(fictitious name)
If you would like to have a secondary name to advertise your corporation under it is required to have what is called a DBA or fictitious name registered correctly under the corporation. We will have this registered with the required resolutions for only $125.00 dollars in two weeks. We can expedite the process and have the work completed same day for an additional $225.00 ( DBA must be published once in the County where the business is located)
2 days for $150.00 or 4 days for $75.00Trademark
If you want your corporate name to be protected from others using it, a Trademark is a must. We can have your name Trademarked for $695.00 dollars, $350.00 extra for a logo and additionally we will perform the crucial due diligence (Trademark name searches) at the Federal and most importantly at the Common Law level for $399.00 dollars and continue to monitor and keep up the formalities for $850.00 a year. The Search normally takes about two weeks, however the process can be expedited to Same Day completion for an additional $225.00, 2 day service for $150.00 additional and 4 day service for $75.00 dollars additional. With regards to the Trademark registration, normally 10 full months are necessary for the Federal Government to determine if the name will be awarded a Trademark.
Copyright
A copyright gives the owner of a creative work the right to keep others from using the work without the owner's permission. Copyright protection may be applied for with regards to all original expressions, including art, sculpture, music, songs, choreography, crafts, poetry, flow charts, software, photography, movies, CD-ROMS, video games, videos, web sited and graphic designs. Copyright lasts for many years. Most often it lasts for the life of the work's creator (its author) plus 70 years. In cases where the creator is a business, the copyright lasts between 95 and 120 years. We will register your Copyright for $275.00 We can also get your immediate confirmation evidence for an additional $500.00
Home Office Lease (TAX TIP)
If you would like to take valuable deductions from the use of your home office you must have a lease agreement since real estate is involved. We can draft a home office lease for just $70.00 dollars at the time of incorporating.
Vehicle Lease ( TAX TIP)
Do you use your vehicle for business purposes, if so a vehicle lease agreement is a tremendous tax break that you must not pass up. We can draft a vehicle lease for only $70.00 dollars at the time of incorporating.
Heavy Use Tax ID (For Hauling/Trucking Companies)
If your vehicle weighs over 55k lbs loaded then you will need a heavy use tax ID to travel on highways or risk fines with the Department of Transportation. We can prepare the documents for $70.00 dollars and have it ready to sign for you in your company book.
Business Equipment Lease (ASSET PROTECTION TIP)
Do you have office equipment, construction equipment or other expensive equipment that you would like to protect from a law suit and yet still receive a valuable tax write off. If so have us draft a standard Equipment Lease for only $135.00 dollars at the time of incorporating
Incorporate On-Line now | Contact Us | Home
Glossary | Tax Forms | Cancellation & Refund Policy | Disclaimer | Privacy Policy
| Your Payment is Secure with Us encryption |
WE ACCEPT Debit Cards Money Orders |
|||
| Tampa (813) 435-3176 Orlando (407) 574-4720 Miami (305) 671-3665 |
Corporate Headquarters 12000 North Dale Mabry Hwy Suite 110 Tampa Florida 33618 |
Naples (239) 963-8466 |
||
| The Law Offices of Nick Spradlin, PLLC Texas Corporation, Texas LLC | ||||
Information presented on FLCORPS.COM is intended for informative purposes only. It is not intended as professional advice and should not be interpreted as such. The U.S. Treasury Department requires us to notify you than any information obtained from this website is not intended or written by our law firm to be used by any taxpayer for the purpose of avoiding penalties that may be imposed under the Internal Revenue Code. Advice from our firm concerning Federal tax matters may not be used in promoting, marketing or recommending any entity, investment plan or arrangement to any taxpayer.
© Copyright 2006-2007 By The Law Offices of Nick Spradlin, PLLC
All Rights Reserved