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The fee is just $70 that is given to the State of Florida Division of Corporations. 9. Can undertake all lawful activities As per the State of Florida Division of Corporations, all the companies incorporated here can perform all the lawful business ventures, except the licensed professionals. 12 Benefits of Incorporating Your Business in Florida Click To Tweet 10. For-profit corporations in Florida you need only one director Yes, incorporating in Florida would only need one director who can also be the same person as the Secretary, Treasurer, and the President. While in the other states, there is a need for more than one director, and mostly that the director and the other officials are different people. 11. No minimum capital requirement Most of the states in the US need that the corporation has to have at least $1000 capital. While in Florida, there are no capital requirements for the Florida corporation. 12. Tax advantages Other than the fact that you would not be double taxed if you incorporate in Florida and would just have to pay a low amount of tax, there are other tax benefits that makes Florida the right choice for your company.
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