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Florida offshore company formation

Florida LLC Formation

Florida Corporation Formation (C-Corp or S-Corp)

Florida is a state located in the southeastern region of the United States. The state is bordered to the west by the Gulf of Mexico, to the northwest by Alabama, to the north by Georgia, to the east by the Atlantic Ocean, and to the south by the Straits of Florida. Florida has a total area of 65,757.70 square miles (170,312 km2), ranking 22nd largest state in the USA.

As of 2019, the gross state product (GSP) is about $1.1 trillion, the fourth largest economy in the United States. Florida is responsible for 5% of the United States' approximately $21 trillion gross domestic product (GDP).

The five largest sectors of employment in Florida are: trade, transportation, and utilities; government; professional and business services; education and health services; and leisure and hospitality. In output, the five largest sectors are: finance, insurance, real estate, rental, and leasing, followed by professional and business services; government and government enterprises; educational services, health care, and social assistance; and retail trade.

Florida, USA Offshore Company Registration

Benefits of Florida company registration

  • Maximum confidentiality and anonymity
  • All start-up expenses are deductible
  • No minimum capital requirement
  • Attractive tax regime
  • Ease of transferability

Florida Offshore Company Formation

  Limited Liability Company (LLC) Corporation (C- Corp and S-Corp)
Corporate Tax Rate

Florida corporate income and franchise tax rate were reduced from 5.5% to 4.458% for tax years beginning in 2019, 2020 and 2021.

Company Name

A corporate name must contain the words “limited liability company”, “L.L.C”, or “LLC”. The corporate name may not contain a word or phrase that indicates or implies that the corporation is organized for a purpose other than the purpose contained in its articles of incorporation. A corporate name must be distinguishable upon the record.

The term “Corporation” refers to a legal and separate entity from its owner, in addition to limited liability which means the company’s shareholders are not individually liable for the company’s debts, and the profits they receive come in the form of dividends and stock appreciation. Any individuals and/or other entities can own a corporation and the ownership process is easily transferable via the trading of stock.

Corporation is categorized into either C-Corp or S-Corp which each has its own advantages for the business owners. Between these two, C-Corp is the more common corporation choice for business owners.

Board of Directors

An LLC must have at least one manager and one member. The manager(s)/member(s) can be of any nationality.

A corporation must have at least one shareholder and one director. The shareholder(s)/director(s) can be of any nationality.

Other requirement

Annual Report: LLCs in Florida are required to file an Annual report between Jan 1st and May 1st.

Registered Agent: Florida requires a registered agent and a registered office for every Florida LLC. A registered agent is designated to receive official legal documents for your LLC, such as lawsuit papers, contracts, and other notices.

Employer Identification Number (EIN): An EIN is required for corporations that have employees. Furthermore, most banks will require an EIN if the business owner wants to open a business bank account.

Annual Report: LLCs in Florida are required to file an Annual report between Jan 1st and May 1st.

Officers: The Articles of Incorporation does not record names and addresses.

Stock: The information about authorized shares and the number of shares or par value will be listed in the Certificate of Incorporation.

Registered Agent: The Florida corporations must have a physical address in Florida to receive legal and tax documents for the business.

Employer Identification Number (EIN): An EIN is required for corporations that have employees. Furthermore, most banks will require an EIN if the business owner wants to open a business bank account.

Florida company registration in 4 easy steps

Preparation

1. Preparation

Select basic Resident/Founder nationality information and other additional services that you want (if any).

Filling

2. Filling

Register or log in and fill in the company names and director/ shareholder(s) and fill in the billing address and special request (if any).

Payment

3. Payment

Choose your payment method (We accept payment by Credit/Debit Card, PayPal, or Wire Transfer).

Delivery

4. Delivery

You will receive soft copies of necessary documents including Certificate of Incorporation, Business Registration, Memorandum and Articles of Association, etc. Then, your new company in Florida is ready to do business. You can bring the documents in the company kit to open a corporate bank account or we can help you with our long experience of Banking support services.

Cost of incorporating in Florida, USA

From

US$ 599 Service Fees
  • Done within 2 working days
  • 100% successful rate
  • Fast, easy & highest confidential
  • Dedicated support (24/7)
  • Just Order, We Do All For You
Limited Liability Company (LLC) From US$ 599
Corporation (C- Corp and S-Corp) From US$ 599

Recommended services

Florida offshore company formation with the main characteristics

Limited Liability Company (LLC)

General Information
Type of Business Entity Limited Liability Company (LLC)
Corporate Income Tax Yes - 4.458%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 450.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 450.00

Corporation (C-Corp or S-Corp)

General Information
Type of Business Entity Corporation (C-Corp or S-Corp)
Corporate Income Tax Yes - 4.458%
British Based Legal System No
Double Tax Treaty Access No
Incorporation Time Frame (Approx., days) 2 - 3 working days
Corporate Requirements
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Corporate Directors Permitted Yes
Standard Authorized Capital/Shares N/A
Local Requirements
Registered Office/ Registered Agent Yes
Company Secretary Yes
Local Meetings No
Local Directors / Shareholders No
Publicly Accessible Records Yes
Annual Requirements
Annual Return Yes
Audited Accounts Yes
Incorporation Fees
Our Service Fee (1st year) US$ 599.00
Government fee & Service charged US$ 500.00
Annual Renewal Fees
Our Service Fee (year 2+) US$ 499.00
Government fee & Service charged US$ 500.00

Scope of Services

Limited Liability Company (LLC)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of Florida Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a Florida company, the client is required to pay the Government Fee, US$ 450, including:

  • Government Filling cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 350

Corporation (C-Corp or S-Corp)

1. Company Formation Service Fee

Services and Documents Provided Status
Agent Fee Yes
Name Check Yes
Preparation of Articles Yes
Same-day Electronic Filing Yes
Certificate of Formation Yes
Digital Copy of Documents Yes
Digital Corporate Seal Yes
Lifetime Customer Support Yes
One Complete Year (12 Full Months) of Florida Registered Agent Service Yes

2. Government Fee

Certificate of Incorporation Status
Submission of all documents to the Financial Services Commission (FSC) and attending to any clarifications on the structure and applications required. Yes
Submission of application to the Registrar of Companies Yes

To incorporate a Florida company, the client is required to pay the Government Fee, US$ 500, including:

  • Government Filling cost: US$ 100
  • Registered Agent Fee for 1 year: US$ 400

Download forms - Florida offshore company formation

1. Application Formation Form

Description QR Code Download
Application for Limited Company
PDF | 1.91 MB | Updated time: 14 Mar, 2020, 10:45 (UTC+08:00)

Application form for Limited Company processing

Application for Limited Company Download
Application Formation Form LLP LLC
PDF | 1.80 MB | Updated time: 03 Jan, 2020, 12:24 (UTC+08:00)

Application Formation Form LLP LLC

Application Formation Form LLP LLC Download

2. Business Plan Form

Description QR Code Download
Business Plan Form
PDF | 1,015.78 kB | Updated time: 04 Jan, 2020, 11:16 (UTC+08:00)

Business Plan Form for Company Incorporation

Business Plan Form Download

3. Information Update Form

Description QR Code Download
Information Update Form
PDF | 5.52 MB | Updated time: 06 Jan, 2020, 11:48 (UTC+08:00)

Information Update Form for completing the Registry’s statutory requirements

Information Update Form Download

4. Rate card

Description QR Code Download
Florida (C-Corp or S-Corp) Rate card
PDF | 474.26 kB | Updated time: 31 Dec, 2020, 11:34 (UTC+08:00)

Basic Features and Standard Price for Florida (C-Corp or S-Corp)

Florida (C-Corp or S-Corp) Rate card Download
Florida LLC Rate card
PDF | 472.04 kB | Updated time: 31 Dec, 2020, 11:34 (UTC+08:00)

Basic Features and Standard Price for Florida LLC

Florida LLC Rate card Download

5. Sample Documents

Description QR Code Download
FAQs

Company Formation Frequently Asked Questions (FAQs) - Florida offshore company formation

1. How do I form a corporation in Florida?

It is fairly easy to form a corporation in Florida. Below is the step-by-step guide on how you can register a corporation with the Florida government.

1. Find a suitable name for your Florida corporation

Your Florida corporation must have a unique name. You can perform a quick namecheck on the FL Division of Corporations website.

The word "Corporation," "Incorporated," or "Company," or the corresponding abbreviation "Corp.," "Inc.," or "Co." must appear in your company's name.

2. Choose a Registered Agent for your Florida Corporation

Every corporation in Florida is required to have a registered agent. This agent is in charge of handling legal papers and documents on behalf of the corporation. If you are looking for a certified registered agent in Florida, check out Florida company formation at One IBC Group.

3. Prepare and file the Florida Articles of Incorporation

In order to form a corporation in Florida, you need to file the Articles of Incorporation form with the Florida Division of Corporations. In that form you need to provide the following information:

  • Corporation's name, principal office address, and its purpose
  • Registered agent detail information
  • Number of shares corporation is authorized to issue
  • Initial officer and director names and addresses
  • Incorporator name and address

4. Comply with Florida legal requirements

After you successfully formed a corporation in Florida, you need to meet some legal requirements of the state, such as issuing stock, applying for licenses and permits, obtaining an EIN, or designating a Board of Directors.

2. What is the corporate tax rate in Florida?

Florida is considered a tax-friendly state as it does not impose individual income tax and has an overall low corporate tax rate. Here is what you should know about some types of taxes in Florida.

There are two types of corporations in Florida: C-Corporation (C-Corp) and S-Corporation (S-Corp). Out of all business structures, only C-Corp is required to pay Florida corporate income tax. The tax rate alters a little depending on when your C-Corp is registered, particularly:

  • Before 01/01/2019: 5.5% of corporate income tax rate
  • Between 01/01/2019 and 12/31/2021: 4.458% of corporate income tax rate
  • Between or after 01/01/2022: 5.5% of corporate income tax rate

S-Corps, on the other hand, are not subject to corporate income tax as they are pass-through entities. Limited liability company (LLC), Partnership, and Sole Proprietorship are also pass-through entities. This means the taxable income of the business is passed through to the individual shareholders, and each shareholder is subject to federal tax on their share of the business income.

Furthermore, all businesses are required to pay other types of business taxes aside from corporate income tax in Florida, namely: Estimated tax, Self-Employment Tax, Employment Taxes, or Excise Tax.

3. What are the tax return filing requirements for Florida S Corporation and LLC?

Limited Liability Company (LLC) and S Corporation are two most common types of business structure in Florida. Here are the tax return filing requirements for both types.

1. Florida S Corporation tax return filing requirements

  • Form an S Corporation in the state of Florida.
  • Submit Form 2553 to the Internal Revenue Service (IRS).
  • File an annual report by May 1st. The report has a filing fee of $150.
  • Depending on the company's annual net income, pay franchise taxes to the state of Florida by the last day of the fourth, sixth, ninth, and twelfth months.
  • Shareholders receive a Schedule K-1 from the S corporation.

2. Florida LLC tax return filing requirements

LLC in Florida is not required to file a tax return. Its income passes through to its members, who subsequently pay individual income taxes on their shares. For this reason, there are no tax return filing requirements for LLCs in Florida.

However, LLCs can be treated as other business entities such as Corporation, Partnership, or Sole proprietor for tax purposes. If the LLC files its federal income tax return as one of those entities, it needs to follow the same process of the entity it is chosen to be taxed as.

4. How do I create an LLC in Florida?

A Limited Liability Company (LLC) is among the best choices for small businesses in Florida. Below is the step-by-step guide on how to create an LLC in Florida.

1. Find a suitable name for your LLC in Florida

Your Florida LLC must have a unique name. You can perform a quick namecheck on the FL Division of Corporations website.

The phrase “limited liability company,” or one of its abbreviations (LLC or L.L.C.) must appear in your business name.

2. Choose a Registered Agent for your Florida LLC

Every LLC in Florida is required to have a registered agent. This agent is in charge of handling legal papers and documents on behalf of the company. If you are looking for a certified registered agent in Florida, check out Florida LLC formation with One IBC Group.

3. Prepare and file the Florida Articles of Organization

In order to create an LLC in Florida, you need to file the Articles of Organization form with the Florida Division of Corporations. In that form you need to provide the following information:

  • LLC's name and its principal office address
  • Registered agent detail information
  • LLC's members' names and addresses .
  • If not the date of filing, LLC's effective date (optional).

4. Comply with Florida legal requirements

After you successfully create an LLC in Florida, you need to meet some legal requirements of the state, such as preparing an Operating Agreement, obtaining an EIN, or filing annual reports.

5. How do you obtain a business license in Florida?

Depending on the industry you register for your business, you may be required to obtain a business license in Florida. To make sure if you need a business license or not, you can check with Florida’s Department of Business & Professional Regulation (DBPR) or Department of Agriculture and Consumer Services (DACS) for more information.

There are some requirements for your business in order to obtain a business license in Florida, such as Valid Federal or State Registration, Proof of Education, Background Check, and Tax Information. After you submit your application with the mentioned requirements, you need to pay for the filing fee. It generally costs less than US$100 for most of the business licenses in Florida.

Once you have obtained your business license, you are ready to start operating lawfully in Florida. However, some licenses for specific industries require to be renewed in a fixed period of time. In case your business license demands renewal, you should pay for it before the expiration date to avoid legal issues.

Read more: U.S. Business licence registration and Business licence requirements

6. How much does it cost to file an annual report in Florida?

Each year, your business is required to file a Florida company annual report to validate or amend your company's information on the state's records. This contains information about your company's management or membership, your company's principal office and mailing addresses, as well as information about your Florida registered agent.

The cost to file an annual report in florida depends on your business structure, particularly:

  • Profit corporation: $150
  • Non-profit corporation: $61.25
  • Limited liability company: $138.75
  • Limited partnership or limited liability limited partnership: $500

The due date for Florida company annual report is May 1st. A $400 late fee is assessed if you file after that day. Non-profit organizations, on the other hand, are exempt from paying this fee.

The fastest and most efficient way to file your Florida company annual report is via the Florida Secretary of State’s website. You need to provide:

  • Florida Department of State’s Document Number
  • Entity name
  • Federal Employer Identification Number (FEIN)
  • Principal names and place of business address
  • Registered agent’s detail information
  • Valid credit/debit card, check, money order

 

7. How do I get a copy of my articles of incorporation in Florida?

All businesses wishing to incorporate in Florida must file a business Articles of incorporation with the Florida Department of State. The articles of incorporation is the document that certifies a business’s incorporation in Florida.

In order to submit your Florida business articles of incorporation, you are required to fill in these information beforehand:

  1. Corporate name
  2. Principal address
  3. Capital stock
  4. Registered Agent information
  5. Each Incorporator’s name and address

Once you have finished your incorporation in Florida, within 10 to 15 business days, you should receive a copy of your articles of incorporation in Florida. The processing time is approximately seven days, after which you must allow time for the copy to be mailed. There is an option for expedited service, but it is only available in person.

Select Your State Below

View more detailed information on Incorporation requirements

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