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Florida Business Formation Questions & Answers

1 Answer | Asked in Products Liability, Business Formation and Patents (Intellectual Property) for Florida on

Q: can you help me find the seed money to make my parent 7571681 presentable? I need a Angel investor? A Grant wrighter?

My only income is my SOCIAL SECURITY DISABILITY CHECK I AM OPEN TO ALL POSSIBILITIES.

ERIC TRUMP EVEN ASKED ME TO SEND HIM A BUSINESS PLAN Based on my patent 7571681 four patent in one.

RR Tie replacement on the run

Recycling the old RR ties

Recycling the spikes... Read more »

Kevin E. Flynn answered on Sep 10, 2019

Raising money is a skill. Most patent attorneys do not have that skill. You may want to get some free advice and some introduction from this state agency...http://floridasbdc.org

I hope this helps

Kevin E Flynn

1 Answer | Asked in Business Formation and Business Law for Florida on

Q: I need to issue 9,000,000 additional shares to my existing 1,000,000 share c-corp in Florida. How can I do that?

Bruce Alexander Minnick answered on Aug 22, 2019

You do it the same way you issued the first one million shares.

1 Answer | Asked in Business Formation, Business Law, Entertainment / Sports and Gaming for Florida on

Q: Good Morning, What type of required licenses are required for starting an online business that may come under gambling?

I am orginally from the UK and had this business idea for over two years now I see alot of people online doing this method illegally (well in the UK you need a license to do this). I want to start a business to host these methods legally the business may come under gambling as it would be a hosting... Read more »

Bruce Alexander Minnick answered on Jul 30, 2019

Free practical advice offered for the last 41 years to people starting or operating small businesses: Look out.

The main difference between successful small businesses and those that fail within a relatively short period of time is good legal advice. The owners of most successful small...
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1 Answer | Asked in Admiralty / Maritime, Business Formation, Business Law and Employment Law for Florida on

Q: US pass through entity gains revenue from services aboard a cruise ship. Does that entity pay US federal and state tax

Tim Akpinar answered on Jun 22, 2019

This question needs to be presented to a tax attorney - try to repost, adding Tax Law as a category.

Tim Akpinar

1 Answer | Asked in Tax Law, Business Formation, Business Law and International Law for Florida on

Q: How to set up a touring company in another country?

Hi, I am trying to start a touring company in Jamaica with my brother. He will be responsible for hiring and securing proper licensing and management of drivers in Jamaica, (already hired one) and I will be in Florida, running the business, banking and marketing end. What would be the best way to... Read more »

Bruce Alexander Minnick answered on Jun 17, 2019

Free practical advice offered for the last 41 years to people starting or operating small businesses:

The main difference between successful small businesses and those that fail within a relatively short period of time is good legal advice. The owners of most successful small businesses...
Read more »

1 Answer | Asked in Business Formation and Business Law for Florida on

Q: For an LLC in Florida... can the name of the company be XYZ Ltd. with Ltd being the designation of an LLC.

I know FL Stat. 608.406 1(a) states, "The world 'limited' may be abbreviated as "ltd." but I am not sure if that means as part of writing out Limited Liability Company, or if it can be used as the designation completely. Thanks

Evelyn Suero answered on Jun 12, 2019

The Revised Florida Limited Liability Act is found in Florida Statutes Chapter 605. Section 605.0112 of the Act provides that the name of a Florida limited liability company must contain the words “limited liability company” or the abbreviation “L.L.C.” or “LLC.” The abbreviation "Ltd"... Read more »

2 Answers | Asked in Banking, Business Formation, Business Law and Contracts for Florida on

Q: I run a mortgage loan processing company. Should I use a Contract, SLA, Non-Compete, or a NDA to protect my business?

As my business scales, I'm finding it necessary to leverage some sort of written protection to not only outline my level of service offering(s) to my clients, but also a way to outline the duties of the staff I will be hiring. I want to ensure all parties are clear on what each party provides to... Read more »

Andrea Wheeler answered on Jun 11, 2019

It is a great idea to speak with a business lawyer so that all of your relationships and transactions are based on a solid contract.

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1 Answer | Asked in Contracts, Business Formation and Business Law for Florida on

Q: As per Florida Sunbiz website I am planning to start Single member LLC in Florida. (Question & background info. below)

As per Florida statute (Instruction of Article of Organization (FL LLC) on sunbiz website), I am planning to submit application on 06/01/2019 for Single Member LLC to start consulting business (home based) providing engineering advising services but I will keep the LLC Effective Date of 08/15/2019... Read more »

Andrea Wheeler answered on May 22, 2019

You will not have an active LLC until the date of filing so you cannot hold yourself out as conducting business under that name until it is active. You will be a sole proprietor until you have an active LLC. I recommend speaking to a business attorney because there is a lot more to starting your... Read more »

1 Answer | Asked in Business Formation for Florida on

Q: Can a Wyoming Closed Corp use register agent to represent the corp officers with the state?

Terrence H Thorgaard answered on Feb 28, 2019

Can the registered agent represent the corporation's officers within the state of Florida? It is unclear what you mean by "represent"; to act as those officers' attorney, and in particular to represent them in court, the agent would have to be licensed to practice law in Florida.

1 Answer | Asked in Business Formation and Trademark for Florida on

Q: i have opend a company with the name of 10X construction am i breaking any trademark laws

Marcos Garciaacosta answered on Feb 27, 2019

Probably, not or yes.

It will depend if somebody is using it already.

You should have a consult and get a search and analysis of what is registered for the same type of service.

cheers

1 Answer | Asked in Business Formation for Florida on

Q: I heard that a sole proprietor just files personal taxes, is that right?

Terrence H Thorgaard answered on Dec 8, 2018

Personal income tax return, rather than an income tax return for a partnership or corporation? Of course.

1 Answer | Asked in Business Formation for Florida on

Q: We are thinking of opening a dog grooming business in Florida - what kind of license will we need?

Anda Malescu answered on Nov 13, 2018

Depending on your county you may need to get a business or occupational license, pet grooming license, or any other local license.

2 Answers | Asked in Business Formation for Florida on

Q: How do I know whether to operate my business as a sole proprietorship, partnership, corporation, or LLC?

Terrence H Thorgaard answered on Sep 25, 2018

Limited liability is available for owners of corporations and LLCs. Tax treatment is different for each. The best bet would be for you to consult with an attorney or accountant in your area, who practices in the area of business formation.

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1 Answer | Asked in Business Formation for Florida on

Q: When starting a brand new business, how soon will I have to report it to the government and start paying taxes?

T. J. Jesky answered on Sep 23, 2018

We you start a new business, shortly after the business is established, you should apply to the IRS on Form SS-4 to obtain a new Employer Identification Number (EIN) for entity. You can find the form on-line, it is very easy to complete. You will most likely need this EIN to open a bank account... Read more »

1 Answer | Asked in Business Formation for Florida on

Q: Is it wise for the CEO of a company to also be on the board of directors?

Andrea Wheeler answered on Sep 11, 2018

You can draft the bylaws to provide for both CEO and president to be separate offices in the corporation, but a single individual acting in both capacities. Whether this is a wise decision or not depends on your particular circumstances.

1 Answer | Asked in Business Formation for Florida on

Q: Can I hire an employee before officially registering my business?

Andrea Wheeler answered on Aug 18, 2018

You can but it would not be recommended. You should form a business entity first so that you have personal liability protection.

1 Answer | Asked in Business Formation for Florida on

Q: At what point in a business formation process do I need to have insurance?

Andrea Wheeler answered on Aug 17, 2018

To ensure optimum protection, you should obtain insurance right after the business is formed.

1 Answer | Asked in Contracts, Business Formation and Business Law for Florida on

Q: My informal business partner is not pulling his weight and I'd like to take the product and move on without him.

I wanted to start a company with an associate of mine a few years ago. We agreed on how we would structure the company and what our roles would be. I would develop the product and he would handle business and sales operations.

Without the company being formalized, I created the product... Read more »

Romy B. Jurado answered on Jul 19, 2018

You may have formed a general partnership. A partnership is a business form created automatically when two or more persons engage in a business enterprise for profit. I would have him signed documents stating that no partnership was formed and disclaiming any rights to the product.

3 Answers | Asked in Business Formation for Florida on

Q: Do I need to form a corporation to buy an existing business in my town?

Terrence H Thorgaard answered on Jun 18, 2018

There are several ways to organize a business, a corporation is one of them. You should consult with an attorney in your location.

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1 Answer | Asked in Business Formation for Florida on

Q: How do I register my business in Florida?

Andrea Wheeler answered on Jun 13, 2018

It depends on what type of business you are registering. Check out the Florida Department of State, Division of Corporations' website.

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