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Florida Filing Solutions Co.™ |
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IMPORTANT INFORMATION |
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Florida Filing Solutions Co.™ |
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LEARN MORE |
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A corporation (sometimes referred to as a C corporation) is an independent legal entity owned by shareholders. This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs. |
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Corporations are more complex than other business structures because they tend to have costly administrative fees and complex tax and legal requirements. Because of these issues, corporations are generally suggested for established, larger companies with multiple employees. |
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For businesses in that position, corporations offer the ability to sell ownership shares in the business through stock offerings. "Going public" through an initial public offering (IPO) is a major selling point in attracting investment capital and high quality employees. |
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A corporation is formed under the laws of the state in which it is registered. To form a corporation you will need to establish your business name and register your legal name with your state government. If you choose to operate under a name different than the officially registered name, you will most likely have to file a fictitious name (also known as an assumed name, trade name, or DBA name, short for "doing business as"). State laws vary, but generally corporations must include a corporate designation (Corporation, Incorporated, Limited) at the end of the business name. |
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To register your business as a corporation, you need to file certain documents, typically articles of incorporation, with your state's Secretary of State office. Some states require corporations to establish directors and issue stock certificates to initial shareholders in the registration process. |
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Once your business is registered, you must obtain business licenses and permits. Regulations vary by industry, state and locality. |
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If you are hiring employees, read more about federal and state regulations for employers. |
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Corporations are required to pay federal, state, and in some cases, local taxes. Most businesses must register with the IRS and state and local revenue agencies, and receive a tax ID number or permit. |
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When you form a corporation, you create a separate tax-paying entity. Regular corporations are called "C corporations" because Subchapter C of Chapter 1 of the Internal Revenue Code is where you find general tax rules affecting corporations and their shareholders. |
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Unlike sole proprietors and partnerships, corporations pay income tax on their profits. In some cases, corporations are taxed twice - first, when the company makes a profit, and again when dividends are paid to shareholders on their personal tax returns. Corporations use IRS Form 1120 or 1120-A, U.S. Corporation Income Tax Return to report revenue to the federal government. |
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Shareholders who are also employees pay income tax on their wages. The corporation and the employee each pay one half of the Social Security and Medicare taxes, but this is usually a deductible business expense. |
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Consult the IRS for more information about tax requirements for Corporations. |
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Advantages of a Corporation |
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- Limited Liability. When it comes to taking responsibility for business debts and actions of a corporation, shareholders' personal assets are protected. Shareholders can generally only be held accountable for their investment in stock of the company. |
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- Ability to Generate Capital. Corporations have an advantage when it comes to raising capital for their business - the ability to raise funds through the sale of stock. |
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- Corporate Tax Treatment. Corporations file taxes separately from their owners. Owners of a corporation only pay taxes on corporate profits paid to them in the form of salaries, bonuses, and dividends, while any additional profits are awarded a corporate tax rate, which is usually lower than a personal income tax rate. |
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- Attractive to Potential Employees. Corporations are generally able to attract and hire high-quality and motivated employees because they offer competitive benefits and the potential for partial ownership through stock options. |
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Disadvantages of a Corporation |
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- Time and Money. Corporations are costly and time-consuming ventures to start and operate. Incorporating requires start-up, operating and tax costs that most other structures do not require. |
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- Double Taxing. In some cases, corporations are taxed twice - first, when the company makes a profit, and again when dividends are paid to shareholders. |
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- Additional Paperwork. Because corporations are highly regulated by federal, state, and in some cases local agencies, there are increased paperwork and recordkeeping burdens associated with this entity. |
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Source: Florida Department of State |
Adapted for: Florida Filing Solutions Co.™ (copyright © 2015 all rights reserved) |
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In order to file your articles of dissolution in the State of Florida, simply fill out the form below, and Florida Filing Solutions Co.™ will review, prepare and file your business' documents with the Florida Department of State (Sunbiz).
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After completing, reviewing and submitting the form below, you will be redirected to our secure payment page containing your invoice number. Please print that page for your records. |
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In case you choose any additional service(s) you may be redirected to another form, and then to our secure payment page and invoice number. |
| | | Payment can be made by check, money order, Visa, MasterCard, Discover, Novus, Diners Club, JCB and derivatives of those brands. |
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Please keep in mind that payment information must be provided and payment approved before your order is processed. |
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Expedited Service orders are usually completed in 5 to 10 business days, while regular services are usually completed in 10 to 15 business days, once all your materials are submitted to us and payment has been received. |
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Name of Corporation as currently filed with the Florida Dept. of State |
Fields in red must be entered. |
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Florida Document Number |
This field is optional. |
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Contact Information |
Fields in red must be entered. |
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Your confirmation email, any certification requests, and all future notices will be sent to the email address above. |
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Preferred Method of Contact
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Effective Date |
This field is optional. |
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Enter Only If Effective Date is needed. |
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(no more than 90 days after dissolution file date) |
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Note: If the date you enter does not meet the applicable statutory filing requirements, this date will not be listed as the document's effective date on the Department of State's records. |
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No Shares Issued |
This field is optional. |
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Check Only If Corporation Issued No Shares |
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No Business Commenced |
This field is optional. |
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Check Only If Corporation Did Not Engage In Business |
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Adoption of Dissolution |
Fields in red must be entered. |
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(CHECK ONE) |
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Officer/Representative Signature |
Fields in red must be entered. |
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Signature of an officer or an authorized representative of an officer. |
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An officer or an authorized representative of an officer must enter a typed signature in the "Officer Signature" field below. An individual's name must appear in this field. If an officer is a business entity, an individual must "sign" on their behalf. This can be an officer or director of the business entity. By completing the signature field, an officer is certifying that the information contained on the application is true and accurate. The signature shall have the same legal effect as if made under oath. |
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This signature must be that of the individual "signing" this document electronically or be made with the full knowledge and permission of the individual, otherwise it constitutes forgery under s.831.06, Florida Statutes. The individual "signing" this document affirms that the facts stated herein are true. |
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I the undersigned, being an officer or an authorized representative of an officer in the above corporation, certify that the information indicated on this form is true and accurate. I understand that the electronic signature above shall have the same legal effect as if made under oath and I am aware that false information submitted in this application constitutes a third degree felony as provided for in s. 817.155, F.S. |
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By checking this box, I verify that I have read and accept the terms of this Disclaimer and Terms of Use.
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Note: This is a form meeting requirements for filings pursuant to the Florida Statutes. If your business requires additional information, please contact us and we'll be pleased to fulfill your needs. |
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Please verify your information for accuracy before submitting this form. Once payment is made, order cannot be changed, removed, cancelled, or refunded, in whole or in part, and any amendment will require extra charge(s). |
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By clicking the "Submit Order and Make Payment" button, you affirm and certify that neither Florida Filing Solutions Co.™ nor any of its employees, representatives, agents or licensees have provided you with any legal or tax advice, that the information listed in this form is exactly what you desire to be reflected for the filing, and that you have read, understood and agreed to our Disclaimers and Terms of Use. |
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