How Are Florida Corporations Formed?

Corporations are formed in Florida by filing articles of incorporation with the Florida Division of Corporations. But that is just the first step. There are other legal documents to be prepared, such as bylaws, minutes, stock certificates, etc., and there are accounting and tax matters to deal with.

After a corporation is formed, it must file tax returns, hold meetings, and file annual reports. If it fails to do this, it might be dissolved or disregarded by the courts as a legal entity. This could result in the shareholders having liability for the debts of the corporation. This is problematic because one of the primary reasons for shareholders to form a corporation is to limit their liability to what they paid for their stock.

Pinellas County business attorneys assist in forming and maintaining the legal existence of Florida corporations.