Profit CorporationUnited States · Florida
What it takes to form, own and run a private limited company in United States · Florida, and how its profit is taxed. Each figure links to the page it was read from.
This company type
At a glance
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A director is not personally liable for monetary damages to the corporation or any other person for any statement, vote, decision to take or not to take action, or any failure to take any action, as a director, unless:
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Shares standing in the name of another corporation, domestic or foreign, may be voted by such officer, agent, or proxy
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A board of directors must consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
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One or more persons may act as the incorporator or incorporators of a corporation by delivering articles of incorporation to the department for filing.
Form it
Who registers it
- Registry
- Formed without visiting
- Not in our records
- Formed online
- Not in our records
What it takes to form
- A notary
- Not required
- A resident director
- Not required
- Paying up the capital
- Not in our records
Own it
Who may own and run it
- Directors
- At least 1 · none need live there · individuals only
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A board of directors must consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws.
- Shareholders
- A company may be one
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Shares standing in the name of another corporation, domestic or foreign, may be voted by such officer, agent, or proxy
- Members
- Does not apply
- A local company secretary
- Not required
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A corporation shall have the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws. (2) The board of directors may appoint one or more individuals to act as the officers of the corporation.
- A local registered agent
- Required
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A registered agent, which must be: 1. An individual who resides in this state whose business address is identical to the address of the registered office;
Each year, at the registry
- Annual registry fee
- USD 61.25 (about €54)
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Annual report: $61.25.
- Accounts on the public record
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit for a small company
- Not stated
The registry’s and the law’s own pages do not mention it.
- Audit
- Not in our records
Important dates
When each obligation falls due, as the authority states it.
Not in our records No dates for the Profit Corporation are in our records.
What is public
Not in our records What the register shows the public is not in our records for the Profit Corporation.
Tax
Tax on profit
How this company type is taxed, which can differ from its place’s headline rate.
Flat+4 regimes
A corporation pays federal corporate income tax at 21% and Florida corporate income/franchise tax at 5.5%. S corporations pay Florida tax only on income federally taxed at the corporate level (Form 1120S line 23c).
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Multiply taxable income (page 1, line 30) by 21% (0.21).
Special regimes that may apply
- Deduction for foreign-source portion of dividends received from specified 10-percent owned foreign corporations holding · 100% exempt
Domestic corporations that are United States shareholders of a specified 10-percent owned foreign corporation, on dividends received from it 26 U.S.C. § 245A(a) - Deduction for foreign-derived intangible income and global intangible low-taxed income other · 37.5%
Domestic corporations with foreign-derived intangible income, and with GILTI included under section 951A 26 U.S.C. § 250(a)(1) - Alternative tax on qualifying shipping activities tonnage
Electing corporations engaged in qualifying shipping activities 26 U.S.C. § 1352 - Qualified opportunity zones free zone
Taxpayers with eligible gains who invest them in a Qualified Opportunity Fund holding property in a designated zone 26 U.S.C. § 1400Z-1 (designation) and § 1400Z-2 (deferral and exclusion), enacted by the Tax Cuts and Jobs Act of 2017, Public Law 115-97
Whether a company qualifies depends on its activity and conditions set in each statute.
- CFC rules in United States
- Not in our records
Close it
Closing it
The other end, which most guides leave out.
- Route
- Articles of dissolution, or administrative dissolution for failure to file the annual report.
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Articles of dissolution: $35.
- Statutory fee
- USD 35 (about €31)
Every business in United States · Florida
Sales and consumption tax
- The tax
- Sales tax (state and local)
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you can elect to deduct state and local general sales taxes
- Standard rate
- Set by the states or provinces
There is no national VAT or sales tax; rates are set by each state and locality.
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you can elect to deduct state and local general sales taxes
- Registration threshold
- Not in our records
- A foreign company
- See the note
Sales tax is administered by state and local authorities, not the federal government, so there is no national registration rule to record.
- Tax authority
- Internal Revenue Service (IRS) at federal level; sales tax is administered by state and local authorities
Portals and registers
- Business registerNone — state-level business registries; no single national registry
- Tax authorityInternal Revenue Service (IRS)
- Tax treatiesUS Department of the Treasury - Tax Treaties
Payment and banking services
6 services name United States on their own list: Paysera, Airwallex, Stripe, Revolut, Brex, Mercury. Each provider, and what a listing means.
Reference
Its name and code
- Kind
- Private limited companyDerived our grouping, the same words in every country
- Name in law
- Profit Corporation
- ISO 20275 code
- TRI2Secondary GLEIF, Entity Legal Forms code list