You’ve always dreamed of owning your own business, and now is the time, only you are not sure how to go about setting up your company so that it’s compliant with governing rules and regulations. At Steven Silverman, P.A., we applaud entrepreneurial efforts and provide counsel and guidance that culminates in your dream being realized.
How Our Firm Can Help
In order to provide you with the best advice for your start-up, it is essential that we understand what your business consists of as well as your future goals. Once we have met and we have a clear understanding of your company and what you wish to accomplish, we are able to assist in a variety of ways, including:
Your company will likely be one of the following entities. Our attorneys can help you decide which best fits your particular situation.
- Corporations: A corporation is an entity separate from those that form it. It is able to enter into business dealings and pays taxes. It offers its owners limited liability.
- Partnerships: When one or more persons own a business together, and share in its profits as well as its losses, a partnership is formed.
- General Partnerships: A general partnership is when each partner has the ability to act on behalf of the other partners and each partner is responsible for any of the debts of the partnership.
- Limited Liability Companies(LLC): An LLC is very similar to a corporation, but with less formalities, ie., no requirement for regular stockholder meetings.
- Limited Partnership: The powers and obligations of the partners in a limited partnership are not as broad as those granted in a general partnership.
- Sole Proprietorship: A sole proprietorship is when the owner and the business are one and the same with no legal distinction.
File Articles of Incorporation
The Articles of Incorporation is the document that actually forms the company and must be filed with the Florida Department of State. It lists important business information such as the official business name, address, registered agent, and the number of stock shares the company can issue.
Obtain A Federal Tax ID Number
Your company’s federal tax ID number, which is sometimes referred to as an EIN or FEIN number, is required for filing federal taxes. It is also required for the business to be able to:
- Open a bank account
- Hire employees
- Apply for permits
- Apply for a business license
Some companies, such as an LLC or a Corporation, are required to have a registered agent. A registered agent is the person or entity that must be notified pursuant to law of any notices, demands, or process that is made of the company.
Talk to Our Business Startup Legal Team Today
Contact Steven Silverman, P.A.’s law firm today to speak with an astute and knowledgeable team that can assist you with all your new business goals. You can contact us online or by calling (305) 666-6111 to schedule an initial consultation.