Incorporation in Florida

Find the right Business Incorporation attorney in Fort Myers, FL

Florida law allows a business to incorporate and be identified as its own legal entity. When an incorporated business acts, whether it is to buy and sell property, agree to contracts or exercise legal rights, the process is then attributable to the business itself and not its owners. In Florida, the process of incorporation is begun by filing with the Secretary of State in accordance with certain guidelines.

Benefits of Incorporation in Florida

Benefits of incorporation are many. The primary benefit is that the liabilities of the business can only be satisfied by the assets specifically invested into the company by the owners. With unincorporated businesses, personal property of owners can be liquidated in order to fulfill the liabilities of the business. Furthermore, banks in the Fort Myers area prefer to evaluate the credit worthiness of a business as a whole rather than that of individual owners. This makes the process of receiving corporate loans simpler. Lastly, the ownership of a corporation is divided into an abundance of equal portions or "shares" of stock. Without this mechanism, transferring ownership of a business would be impractical.

Costs of Incorporation

Along with a possible fee to apply for incorporation in Florida, there are other costs that corporations incur. The most important is that a corporation is taxed as its own entity. The individual incomes of owners who are paid disbursements from the corporation's earnings are still taxed as well. This is called double taxation, but it may be avoided with proper planning and assistance from a local Fort Myers lawyer.

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Life in Fort Myers

Fort Myers is one of the two cities that makes up the Cape Coral-Fort Myers Metropolitan Area in Florida. Fort Myers is home to about 618,754 people. It is known for being a "gateway" into Southwest Florida, an area comprised of the cities tourists mostly visit.

Some popular attractions in Fort Myers includes the Art of the Olympians, Edison and Ford Winter Estates, Murphy-Burroughs House, Edison Mall, and the Calusa Nature Center and Planetarium. Fort Myers is also home to the training facility for the Red Sox!

Fort Myers is filled with many small law offices and firms specializing in all areas of law, and ready to serve the community. The legal force in Fort Myers is quiet capable of handling the legal needs of residents.

All in all, Fort Myers is a quaint city in Florida. It may not have the stretch of beaches that Florida is known for, but it definitely is a city with some small town charm!

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