Naples Corporate Formation & Tax Planning Attorney

Are you in the market for tax services for your company? You’ve come to the right firm. Ronald Cutler, P.A., has helped many business owners create a corporation, navigate filing requirements, and engage in tax planning. Contact us if you’d like to meet to discuss your case. A Naples corporate formation & tax planning attorney is standing by.

How to Create a Florida Corporation

The corporate form is very popular in Florida. According to the Chamber of Commerce, almost 99.8% of all businesses in Florida are corporations. A corporation provides many advantages compared to other entity forms, like partnerships. For example, corporate shareholders enjoy limited liability, unlike partners who are personally liable for partnership obligations.

We can help you form a corporation in a few steps:

1. Identify the type of corporation you want to create. Do you want a non-profit? An S corporation or a regular C corporation? Discuss these options with legal counsel. Although you can change the form later, it’s more work.
2. Choose an appropriate name. The name is different from your Doing Business As (DBA) or fictitious name. Nonetheless, you need to choose a name which complies with the law.
3. Nominate an agent. This person can accept service of process for the corporation and is a requirement for any corporation.
4. Create bylaws. These are the internal rules and regulations for how the corporation is run. Don’t rely on a photocopy of another corporation’s bylaws or something you found online. When created the right way, bylaws can pre-empt future disagreements and protect the value of your corporation.
5. Draft Articles of Incorporation. These articles are required by the state, and you must create them and file them with the state before opening your doors.
6. Appoint directors at an initial meeting. They will approve the bylaws and execute the articles of incorporation.
7. Issue stock. Typically, a corporation issues stock in exchange for cash or services. You will have to settle on a share structure before issuing stock certificates.
8. Obtain an Employer Identification Number (EIN), which is necessary for fulfilling your tax obligations.
9. Create and file annual reports. The state has reporting requirements for corporations. The board should learn about them as soon as possible.

We also recommend hiring an experienced tax planning attorney to help keep your taxes low. Our attorneys have helped many companies identify tax credits and incentives which can reduce their tax burden. We can also discuss other tax planning strategies, such as shifting income to future years or maximizing the corporation’s business deductions.

Call Our Naples Corporate Formation and Tax Planning Attorneys for Assistance

Ronald Cutler, P.A., has served the Florida business community for decades. Businesses have many legal needs, but tax exposure is an enduring concern for many. A CPA can help to some degree, but you will benefit from a law firm which has negotiated directly with the IRS and understands how the agency thinks. Call us to speak with an experienced Naples corporate formation and tax planning attorney in a confidential setting.