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A corporation is owned by stockholders. A stockholder may serve on the Board of Directors and also be an officer of the corporation. In Florida, one person may form a corporation, and that person can be the sole officer, director and stockholder.
These 10 Steps Can Help You Start Your Florida Business Determine the business structure. Register with the Department of State (DOS). Register the business name. Register for an Internal Revenue Service Employer Identification Number (EIN). Register with the Florida Department of Revenue (DOR). Fund the Business.
A corporation in Florida is a legal entity that exists independently from its owners, transacts business in Florida and has incorporated with the State of Florida.
C corporations are usually publicly traded companies owned by shareholders. They differ from other business structures in the way they are taxed. C corporations are the most common type of corporate structure in America. These business structures are taxed as a separate entity from the business owner(s).
A limited liability company (LLC) is similar to a corporation, but with slight differences. Like a corporation, it offers limited personal liability. An LLC is not required to hold regular stockholder or management meetings, and there are no requirements to comply with other corporate formalities.
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The C corporation is the standard (or default) corporation under IRS rules. The S corporation is a corporation that has elected a special tax status with the IRS and therefore has some tax advantages. Both business structures get their names from the parts of the Internal Revenue Code that they are taxed under.
A Florida profit corporation is a corporation that is established for the purpose of making a profit. Most corporations, unless they are formed as a nonprofit corporation, are established for the sole purpose of making a profit.
A limited liability company (LLC) is similar to a corporation, but with slight differences. Like a corporation, it offers limited personal liability. An LLC is not required to hold regular stockholder or management meetings, and there are no requirements to comply with other corporate formalities.
How is an LLC classified for Florida state tax purposes? A limited liability company that is classified as a corporation for Florida and federal tax purposes is subject to the Florida Income Tax Code and must file a Florida corporate income tax return.
C Corps can also be more attractive to investors because they have stricter management requirements, as opposed to LLCs, where the members can organize and manage however they want. Another advantage is that C Corp shareholders are not subject to self-employment tax on the corporations profits like LLC members.

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