Incorporation in Florida

Find the right Business Incorporation attorney in Winter Garden, FL

Florida law allows a business to incorporate and be recognized as its own legal entity. When an incorporated business acts, whether it is to buy and sell property, assent to contracts or exercise legal rights, the process is then attributable to the business itself and not its owners. The Florida Secretary of State receives and processes applications for incorporation, which must be submitted in compliance with local guidelines.

Benefits of Incorporation in Florida

Advantages 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. Had the business remained unincorporated, owners risk losing their personal property should the business become unable to pay its liabilities. A corporation also allows creditors in the Winter Garden area to assess the credit worthiness of the business as a whole rather than that of its owners, allowing the business to receive loans more easily. Lastly, a corporations charter requires that ownership be divided into stakes or "shares" of stock, all of equal size. This makes the process of transferring control much more practical.

Costs of Incorporation

There are costs associated with incorporation, both short and long term. First, businesses in Florida may be charged a fee to incorporate. Also, a corporation is taxed as its own entity. Disbursements to the owners of the corporation are also taxed as individual income, so this means earnings may be taxed twice. But this double taxation can be avoided with proper planning and help from a local Winter Garden lawyer.

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Life in Winter Garden

Winter Garden is located 14 miles west of downtown Orlando--home to Disney World! It is a small suburb with about 30,000 people.

Some popular sports include the Luther F. Tilden House, West Orange Trail, Winter Garden Downtown Historic District, Winter Garden Heritage Museum, Winter Garden Historic Residential District, and Garden Theatre.

Winter Garden is a small community filled with down-to-earth people. It is also home to many small law offices where attorneys strive to provide personalized attention to all their clients.

Overall, Winter Garden residents enjoy a wonderful quality of life and are very near the happiest place in the world!

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