HOW TO FORM A PROFESSIONAL CORPORATION IN FLORIDA ONLINE
What is a Florida Professional Corporation
Generally, if you are required to obtain some kind of license before you can market your skills in the state of Florida then you will
most likely need to form a Florida Professional Corporation.
Attorneys, architects, engineers, public accountants, nurses and physicians, among others, may require registration as a Professional
Corporation with the Florida Secretary of State.
A Florida Professional Corporation may render Professional Services in the state of Florida
only through individuals licensed or otherwise authorized in Florida to render the specific Professional Service.
Depending on exactly what it is that you want to do in Florida, approval from a specific Florida state agency or board may be required before the FL Secretary of State will approve a new
Florida Professional Corporation filing.
This could add to the total processing time for a new Florida Professional Corporation.
What are the advantages of a Florida Professional Corporation?
explain
Florida Professional Corporations are commonly formed by a group of licensed Professionals who want to open a joint practice.
The main advantage of Forming a Florida Professional Corporation is that malpractice by one of the Professionals will not be
held against the other Professionals if they we're not involved in the malpractice.
Do I need a lawyer to Form a Professional Corporation in Florida?
explain
The short answer is no.
The state of Florida does not legally require a lawyer to form a
Florida Professional Corporation.
Our detailed
Professional Corporation Information page may help you understand some
of the implications of forming a
Florida Professional Corporation.
However, if there is
anything about
Forming a Professional Corporation in Florida
that you're not sure about you should seek the advice of a competent Florida lawyer, a Florida accountant,
or both
before you
Form a Professional Corporation in Florida.
Once you have made the decision to
Form a Professional Corporation in Florida, a Florida lawyer
can file your documents and act as a middle man for a few hundred dollars an hour; or you can use an online service provider like All Business Documents
to perform these services and
save money that you can use in your new Florida Professional Corporation.
Do I have to Reserve a Company Name before I Form a Professional Corporation in Florida?
explain
You cannot reserve a Company name for a new Florida Professional Corporation before you submit your application to Form a Professional Corporation in Florida.
What if the Florida Professional Corporation Name I want is already taken?
explain
If the Name you have chosen for your new Florida Professional Corporation is already in use by a currently active
Florida Corporation or LLC, and you still want to use that Professional Corporation Name, then you will have to register a DBA Name with the Florida Secretary of State. "DBA" is an abbreviation for "Doing Business As."
In Florida a DBA Name is called a Fictitious Name.
We verify that the Name you have chose for your new Florida Professional Corporation is available before we submit
your Incorporation filing to the Florida Secretary of State.
If necessary we can register a Fictitious Name in Florida for you so that you can open your new Florida business as quickly as possible.
Are there any Company Name restrictions for a FL Professional Corporation?
explain
A Florida Professional Corporation corporate name must comply with all laws and regulations for regular Florida
Corporation corporate names.
In addition, a Florida Professional Corporation corporate name may not contain any language stating or implying that it is
incorporated for a purpose other than that authorized by its Articles of Incorporation.
A Florida Professional Corporation corporate name must also conform with the name regulations of
any applicable Florida Professional licensing board.
What do I have to do to Form a Professional Corporation in Florida?
explain
7 things you have to do in order to Form a Professional Corporation in Florida.
- Choose a name for your Florida Professional Corporation
- Select an official address and a Registered Agent for your Florida Professional Corporation
- Choose a Board of Directors for your Florida Professional Corporation
- Decide who will be Officers for your Florida Professional Corporation
- Determine how you want your Florida Professional Corporation to be taxed
- File Articles of Incorporation with the Florida Secretary of State
- Get a Federal Employer Identification Number (FEIN) for your Florida Professional Corporation
- Choose a name for your Florida Professional Corporation
Your Florida Professional Corporation name can identify the type of products and services your business will provide;
or it may be the name of the founder; or it can be a combination of the two or something else.
In any case, the Florida Professional Corporation name that you choose must be distinguishable from the name of any other registered Florida Professional Corporation or other
business entity and the name must also be different from any reserved names on record with the state of Florida.
Your Florida Professional Corporation name must not imply that it was formed for a purpose other than that stated in your
Articles of Incorporation;
and your Florida Professional Corporation name must not be a name that is likely to mislead the public.
The name of a Florida Professional Corporation must include the word "Corporation" or
"Incorporated" or an abbreviation of one of these words.
It's important to choose a good name for your Florida Professional Corporation because if you want to change it after you incorporate you
will have to file amended Articles of Incorporation with the Florida Secretary of State (and pay a fee).
We will:
- Check to make sure that your Florida Professional Corporation name is available
- Make sure your Florida Professional Corporation name conforms to state of Florida regulations
- Reserve your Florida Professional Corporation name with the Florida Secretary of State
- Select an official address and a Registered Agent for your Florida Professional Corporation
Every Florida Professional Corporation must have an address that is physically located in the state of Florida.
This address is "registered" with the Florida Secretary of State.
The Registered Address is where official and legal correspondence can be delivered.
The individual or company that is registered with the state of Florida to receive all correspondence on behalf of the Florida
Corporation is called a "Registered Agent".
You may act as your own Registered Agent, however, many Florida Professional Corporations hire a Registered Agent because they don't have a physical
address within the state of Florida or to provide a distinct level of privacy.
We can act as the official Registered Agent for your Florida Professional Corporation.
- Choose a Board of Directors for your Florida Professional Corporation
All Florida Professional Corporations are required to have a Board of Directors.
Directors are the people who will set policies for your Florida Professional Corporation and manage the business and its resources.
In the majority of small corporations directors are the owners.
The Articles of Incorporation or Corporate Bylaws may define specific qualifications for Directors.
The Board of Directors is responsible for creating rules, approving budgets and distributing profits to shareholders.
One of the most important duties of the Board of Directors is electing Officers for your Florida Professional Corporation.
The same person may be a Director and an Officer at the same time.
Directors need not be residents of the state of Florida or shareholders of the Florida Professional Corporation unless the Articles of Incorporation
or Bylaws require it.
Normally Directors for your Florida Professional Corporation are elected for a term of one year.
Elections are held at the annual meeting of Shareholders.
The Directors serve until the next annual Shareholders meeting.
- Decide who will be Officers for your Florida Professional Corporation
The Board of Directors elects Officers for your Florida Professional Corporation in accordance with the Corporate Bylaws and Articles of Incorporation.
Officers serve at the pleasure of the Board of Directors of the Florida Professional Corporation.
Officers handle the day to day operation of the Florida Professional Corporation.
Unless specifically prohibited by the Corporate Bylaws or Articles of Incorporation, in a Florida Professional Corporation
the same person may hold more than one Corporate Office at the same time.
However, there are certain legal affairs in which the same person cannot act in more than one capacity.
One Officer - usually the Secretary - is given responsibility for preparing Minutes of Directors and Shareholders meetings
and for authenticating records for the Florida Professional Corporation.
- Determine how you want your Florida Professional Corporation to be taxed<
The Florida Corporate Income Tax Rate is %.
You may form an S Corporation in Florida.
S Corporations may "pass through" all corporate profits to the shareholders (owners) who then pay tax at their applicable
personal rate.
S Corporations do not pay any Florida Corporate Income Tax.
If you choose to be taxed as an S Corporation, we can prepare the S Corporation election form for your Florida Professional Corporation and include it with
your Incorporation documents.
- File Articles of Incorporation with the Florida Secretary of State
In order to form a Corporation in Florida you must file Articles of Incorporation with the Florida Secretary of State.
The Articles of Incorporation must include certain specific information about your Florida business. If the Articles do not conform exactly to state of Florida requirements they will be rejected.
You may subsequently amend the Articles of Incorporation for your Florida Professional Corporation but you will have to pay a fee to the state of
Florida in order to make the changes official.
- Get a Federal Employer Identification Number (FEIN) for your Florida Professional Corporation
A Federal Employer Identification Number, also known as a Federal Tax Identification Number, is used by the IRS to identify a
business entity.
An FEIN is like a Social Security Number for your Florida Professional Corporation.
All Florida Professional Corporations are required to have an FEIN.
We can obtain an FEIN for your Florida Professional Corporation.
- Issue Stock Certificates to the Initial Shareholders
Corporate stock is evidence of ownership of a Florida Professional Corporation.
When you form your Florida Professional Corporation, you will need to determine what type of stock and the number of shares of each type that
you want to authorize.
You do not have to sell the number of shares that are authorized.
Many small Florida Professional Corporations hold 100% of the shares.
Stockholders in a Florida Professional Corporation are entitled to voting rights or dividends of the Corporate profits or both.
Whoever owns over 50% of the stock of the Florida Professional Corporation is able to make all Corporate business decisions.
Florida Professional Corporations usually hold at least 51% of the corporate stock in order to retain control of the Florida Professional Corporation.
What do I have to do after I form my Florida Professional Corporation?
explain
6 things you have to do after you Form a Professional Corporation in Florida.
- Conduct an initial Meeting of the Board of Directors and adopt Corporate Bylaws
- Open a Business Bank Account in Florida for your Florida Professional Corporation
- Obtain Business Licenses from the cities and counties in which you plan to do business
- Hold Meetings of Shareholders and Directors of each year
- File the required Florida Professional Corporation reports
- Keep proper records of your Florida Professional Corporation on file
- Conduct an initial Meeting of the Board of Directors and adopt Corporate Bylaws
The Board of Directors holds an initial meeting to elect Officers, authorize issuance of stock and adopt the Corporate Bylaws.
Bylaws are the internal rules of your Florida Professional Corporation.
They are adopted by the Board of Directors and vary widely from Corporation to Corporation.
Commonly bylaws include the number of seats on the board of directors; how Directors are elected; how meetings of Directors and
Shareholders are to be conducted; what Officers the Florida Professional Corporation will have and a description of each of their duties.
As your company grows over time, you may amend your bylaws as necessary.
Bylaws generally cannot be amended by the Board of Directors unilaterally.
A vote by the majority of Stockholders of the Florida Professional Corporation is usually required to amend the Corporate Bylaws.
Bylaws may include any rules for managing the business and conducting corporate affairs.
Almost anything may be written into the Bylaws, however, the Bylaws must not be in violation of any federal or Florida law or
the Florida Professional Corporation's Articles of Incorporation.
A copy of the Corporate Bylaws should be maintained at the Corporation's principal Florida office.
- Open a Business Bank Account in Florida your Florida Professional Corporation
It's very important that you have a separate business bank account for your Florida Professional Corporation.
Mixing personal and business funds can get you in a lot of trouble with the tax man down the line.
It's a good idea to contact the bank before you open a business bank account.
Specific requirements vary from bank to bank.
- Obtain Business Licenses from the cities and counties in which you plan to do business
We can research and prepare the necessary forms for your required business licenses and permits and include
them in your Florida Professional Incorporation package.
Note that forming a Florida Professional Corporation doesn't take the place of obtaining a business license, tax
registration certificate, or other required business permits.
A Florida Professional Corporation merely creates an ownership structure that limits the owners' personal liability.
You may still need to take care of getting set up to do business with your local government.
Depending on the nature of the business and the location of your Florida Professional Corporation you may need to get one or more city
business licenses or permits.
The business licenses or permits that are required for your Florida Professional Corporation vary depending on your business activities
and the specific locations within the state of Florida in which you want to conduct business.
If your Florida Professional Corporation will be selling products in Florida you may be required to obtain a Reseller's Permit from the appropriate
Florida state agency.
If your Florida Professional Corporation will be selling products in Florida you will also be responsible for all applicable local and state of Florida
sales taxes if there are any.
- Hold Meetings of Shareholders and Directors of each year
Every Florida Professional Corporation must hold corporate and shareholder meetings, at least annually, and must keep minutes of each meeting
on file.
A copy of the minutes is evidence that the meetings took place and includes all resolutions that were adopted.
The minutes of each meetings must be open for inspection by any Shareholder or Director.
This meeting requirement is often overlooked and comes into play when the Florida Professional Corporation is challenged for any reason.
Keeping proper meeting minutes and documenting resolutions made and approved by the Directors is a formality that could save your
Florida Professional Corporation a lot of potential trouble.
We can transcribe the minutes of any meeting of your Florida Professional Corporation into a form that complies with all
state of Florida requirements.
- File the required Florida Professional Corporation reports
All Florida Corporations must file an Annual Report EACH year with the FL Secretary of State.
The Initial Florida Corporation Annual Report is due in the year following the date when the Florida Corporation was in initially approved by the Florida Secretary of State.
Every Florida Corporation is required to file an Annual Report with the Florida Secretary of State EACH year.
The Florida Corporation Annual Report is due at the Florida Secretary of State between January 1 and May 1 EACH year.
A FL Corporation must file its Annual Report with the FL Secretary of State by May 1.
The Florida Secretary of State imposes a $400 late fee, in addition to the regular Corporation Annual Report fee, if a Florida Corporation files its Annual Report after May 1.
If a Florida Corporation does not file its Corporation Annual Report by the 3rd Friday of September in the year in which the Annual Report is due then the Florida Secretary of State will administratively dissolve the Florida Corporation.
If a Florida Corporation is administratively dissolved by the Florida Secretary of State then that FL Corporation must pay reinstatement in order costs to get the Florida Corporation back into Good Standing.
We can fill out and file any Annual Report with the Florida Secretary of State after your Florida Professional Corporation gets going.
- Keep proper records of your Florida Professional Corporation on file
Keep the following records on file and available at the principal business office of your Florida Professional Corporation:
- Names and addresses of all Directors and Officers of the Florida Professional Corporation
- Articles of Incorporation for the Florida Professional Corporation and any Amendments to them
- Corporate Bylaws for the Florida Professional Corporation and any Amendments to them
- List of current shareholders of the Florida Professional Corporation.
If shareholders change, keep a record of old shareholders and how stock was transferred.
- Minutes of all Meetings of Shareholders and Directors
- Copies of any Corporate Resolutions which have been adopted by the Florida Professional Corporation
- Copies of all tax returns and Annual Reports for the Florida Professional Corporation for the last 3 years
What information do I need in order to Incorporate in Florida?
explain
In order to Incorporate in Florida you'll need the following information about your new Company:
- The name of your new Florida Professional Corporation along with your second choice of a name in case the name that you want is not available
- Physical address of the Corporation office in Florida (not a PO Box)
- Name and address of your Florida Registered Agent (not a PO Box)
- Names and addresses of the initial Directors of the Florida Professional Corporation
Remember -
ALL the information that you provide when you Incorporate in Florida becomes part of the public record.
Our data entry forms include the
absolute minimum amount of information that is required in order to Form a new Corporation in Florida.
How long does it take to Form a Professional Corporation in Florida?
explain
Processing times for new Florida Professional Corporation applications vary depending on the work load of the
Secretary of State's staff.
We've found that normal processing of new Florida Articles of Incorporation takes the state around 3 business days.
Add 2-3 days for the time period for shipping the final documents by mail.
Choosing our Express Mail option can shave a couple of days off the total processing time for your Florida LLC.
PLEASE NOTE:
WE CANNOT GUARANTEE FLORIDA SECRETARY OF STATE PROCESSING TIMES.
We are dependent on, and have no control over, the staff and systems of the Florida Secretary of State.
In our experience 3 business days is the time it
usually takes the Florida Secretary of State to process
a new Florida Professional Corporation application.
We get your Florida Professional Corporation application to the FL Secretary of State ASAP.
Once it is at the state we have no control over the new Florida Professional Corporation application process.
How much does it cost to Form a Professional Corporation in Florida?
explain
The state of Florida charges $78.75 to Incorporate a Professional Corporation.
This is the cost of filing and getting a Certified Copy of your Articles of Incorporation from the FL Secretary of State.
If you choose All Business Documents to help you form your Professional Corporation in Florida our processing fees are $125.00.
We start processing your new Florida Professional Corporation order as soon as we get it.
Our service includes:
- Prepare Articles of Incorporation
- File Articles of Incorporation with the Florida Secretary of State
- Certified Copies of Articles of Incorporation
- Florida Professional Corporation Checklist
- Priority Mail Delivery
- Unlimited Customer Support
How can I Form a Florida Professional Corporation Online?
If you are ready to
Form a Florida Professional Corporation simply choose which Florida
Professional Corporation options that you want below then click the
Next Step button.
You will be directed to a screen on which you can enter your specific Florida Professional Corporation information and finalize your order.
If you have any questions regarding our Florida Professional Corporation services you can call us at
855-771-2477
or email us at
CorpServices@AllBizDocs.com.
FLORIDA PROFESSIONAL CORPORATION COST ESTIMATOR
Our Florida Professional Corporation
Processing Services include:
(These services are included in our processing fees)
Optional Florida
Professional Corporation Services
(Choose options, cost is updated automatically)
- Express Mail - $35
explain
If you really need your original approved Articles of Incorporation in your hands quickly, the
Express Mail option can cut the delivery time in half.
The Express Mail option has no effect on the Florida Secretary of State's processing time.
-
S-Corporation Election - $50
explain
S Corporations are taxed differently than C Corporations.
With an S Corporation, business profits may be "passed through" directly to the shareholders.
This avoids the double tax on both corporate and shareholder profits.
S Corporations do not pay any Florida Corporate Income Tax.
We can prepare the S Corporation Election form for you and include it with your Incorporation documents.
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FL Registered Agent - $135
explain
Every Florida Professional Corporation is required to have an address within the state of Florida where
official and legal correspondence can be delivered.
The individual or company that is registered with the state of Florida to receive all correspondence
on behalf of the Professional Corporation is called a Registered Agent.
You may act as your own Registered Agent, however, many Professional Corporations hire a Registered Agent because they don't have a physical address within
Florida or to provide a distinct level of privacy.
We can act as your Florida Professional Corporation Registered Agent.
This is an annual service.
We will forward all correspondence to you and will remind you when it is time to renew your FL Registered Agent services.
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Customized Bylaws - $75
explain
Bylaws are the rules by which your Florida Professional Corporation must operate.
Every new Florida Professional Corporation requires bylaws.
Almost anything may be written into the bylaws, however, the bylaws must not be in violation of any law or
your Florida Professional Corporation's Articles of Incorporation.
We can create customized initial bylaws for your Florida Professional Corporation that are based on your specific business requirements.
As your company grows over time, you may amend your bylaws as necessary.
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FL Good Standing Certificate - $37
explain
A Florida Good Standing Certificate is proof of the existence of your new Florida Professional Corporation.
The Certificate is issued by the Florida Secretary of State and is proof that your FL Professional Corporation is not behind on any
of its Florida Secretary of State Corporate obligations.
A Florida Good Standing Certificate is often required for loans, to apply for business licenses, or for tax or other business purposes
in the state of Florida or in any other state.
We can get your Florida Good Standing Certificate immediately after the Florida Secretary of State has approved your Professional Corporation application.
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Federal EIN - $65
explain
An FEIN is like a Social Security Number for your Florida Professional Corporation.
We can get your FEIN on the same day that your Articles of Incorporation are approved by the Florida Secretary of State.
You can get your FEIN before your articles are approved by the Florida Secretary of State but it's a good idea to wait until
after approval.
Your filing may be rejected or the Professional Corporation name that you want may not be approved.
Changing information on an FEIN filing is not a trivial exercise with the IRS.
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Prof. Corporation Kit and Seal - $99
explain
While you're not required to have a Professional Corporation Kit and Seal for your new Florida Professional Corporation they do come in handy.
The FL Professional Corporation Kit consists of a beautiful customized binder, stock certificates, a stock ledger
and your custom Professional Corporation Seal.
The Professional Corporation Seal is used to emboss important company documents, such as stock certificates.
The binder also includes dividers so you can use it for all of your Florida Professional Corporation record keeping.
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Business License Research - $175
explain
Most new Florida Corporations are required to get some kind of state, regional or local permits or business licenses.
The task to figure out exactly what you need can be daunting.
We can determine exactly which forms you need to fill out, fill them out for you and file the forms with the appropriate government agency
where possible.