Johnene Marcum, CPA


Steps to Incorporating

Check name availability with Florida Secretary of State at: www.sunbiz.org and click on Document Searches, then Inquire by Name.

Obtain an employer identification number from the IRS with form SS-4 online at https://sa2.www4.irs.gov/modiein/individual/index.jsp

For corporations: Complete Articles of Incorporation with the Florida Secretary of State at http://form.sunbiz.org/pdf/cr2e010.pdf. Authorize 1 million shares of stock and initially issue 1,000. $70 initial filing fee and $150 annually.

For LLCs: Complete Articles of Organization with the Florida Secretary of State at http://form.sunbiz.org/pdf/cr2e047.pdf. $100 filing fee and $138.75 annually.

Internal documents:

  • Corporate bylaws
  • Organizational minutes
  • Issuance of stock
  • Annual minutes of shareholder/director meeting

WWW.MyCorporation.com will prepare all the docs and filings for $168 plus the state fees. With more than one owner hire an attorney.

Register with Florida Dept of Revenue for sales tax and unemployment tax at http://dor.myflorida.com/dor/ and click on Register to Collect and/or Report Taxes. Then enroll to file online at: http://dor.myflorida.com/dor/ and click on Find E-Services for Tax & Other Remittances. Free Dept of Revenue seminars can be found online at: https://taxapp2.state.fl.us/gta/taxseminar.

File form 2553 for S corporation election with IRS within 75 days of formation. Download the form at IRS website at: http://www.irs.gov/pub/irs-pdf/f2553.pdf.

Open a separate bank account.

Great article about incorporating at:

http://www.nolo.com/article.cfm/objectID/78FC3C83-30C0-4E57-9F6C7E7F8B45E726/111/182/241/ART.

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