Are you starting a business in the Sunshine State? Then you’re probably curious about the fees for incorporation in the state of Florida. But before we get into the costs to incorporate in Florida, let’s look at what’s required for your business to become a corporation.
Steps to Incorporate in Florida
The first thing you need to do is to make sure the name you want for your company is available in Florida with a free name search. You are required by Florida law to include “Corporation” or “Corp.” at the end of your business name. You can’t reserve the name you want, but can register it when you file your incorporation paperwork.
Next, you’ll need to register your corporation with the Division of Corporations of the Florida Secretary of State. You may also need to file your corporation paperwork with the Department of Business and Professional Regulation if you work in certain professional industries. To register as a corporation, you can do it yourself or let a professional business filing company do it for you.
After you’re approved to operate as a Florida corporation, you will need to hold the first official meeting for your corporation and adopt Bylaws. Then, apply for a Federal Employer Identification Number (EIN) under your new corporate name. In Florida, this will also serve as your State Tax Identification Number. Once you have your EIN, you can open a bank account under your corporate name. You may need to bring a copy of your EIN document and your Certificate of Status from the Secretary of State.
If you need additional business licenses or permits, make sure to file for those before you start operating your business.
What If My Company Isn’t Headquartered in Florida?
If you choose to incorporate in Florida but have your headquarters in another state, you are considered a foreign corporation. You will need to register in Florida by submitting an Application by Foreign Corporation for Authorization to Transact Business in Florida, along with a certificate of good standing from your home state.
You do need to have a registered agent with a physical address in Florida, along with regular business hours.
Great. Now: What Are the Fees for Incorporation in the State of Florida?
Here’s what you’ve been waiting for: the fees to incorporate. The initial filing fees for incorporation in Florida are $35. You also need to cover the designation of a registered agent fee of an additional $35.
You have the option to get a certified copy of your corporation paperwork (always a good idea) for $8.75, plus $1 per page for each page over 8 (not to exceed $52.50). An optional Certificate of Status is $8.75. Your Florida Corporation Annual Report will cost you $150 each year.
Now that you know how to incorporate in Florida, what are you waiting for? There are plenty of reasons why you should incorporate your business in Florida, so don’t delay!