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How to incorporate a business

If you have made the decision to go out on your own and start a business, you are taking a gamble on achieving great personal success. Many people dream of being their own bosses and employing personnel instead of being an employee, but not many successfully make the transition a reality. Doing so successfully takes important planning and precise steps during the early days of business formation and planning.

If your business is going to be incorporated as a limited liability company or simply as a corporation, you must ensure the name you choose is unique to your business, and no other business in Florida has the same name. When you have the name, you are now ready to legally create the entity, and you will do so by filing something called the Articles of Incorporation with the state. This includes relevant information such as the company name, the names and addresses of owners, the mailing address for the company, a physical Florida address for the company and, finally, an email address.

Next, you will need to pursue an EIN or tax identification number from the IRS for your business. If you are the sole member of an LLC, you may be able to use your social security number for all business-related transactions. However, if you have gone the route of filing as a corporation, you will need to obtain and use the EIN.

For any business, whether incorporated or a DBA, you must obtain a business or occupational license to do business in your county. In some counties, this may be a business tax receipt. You can find this out by contacting your local county tax office.

Finally, you must utilize a bank account for all company transactions. This means any money paid or made must go through the company account.

Carefully forming and planning a business the right way in Florida can be a great benefit to its longevity and success. Working with a Florida business formation and planning attorney may be an even better guarantee of long-term momentum.

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