Sometimes the best business ideas begin with a back-of-the-napkin sketch. When you’re ready to take that idea from concept to fruition, however, you’ll need more than musings to make it happen. You’ll want expert legal counsel at your side to ensure your interests are protected and the appropriate business structure is filed to suit your needs. Here are some other considerations to note when registering a U.S. business entity.
Starting Your Business with Confidence
To register your Florida business as an entity, be sure you check all these boxes (and then some).
- Determine the appropriate business structure – Common entity types include a corporation (C-corp or S-corp), limited liability company (LLC), general partnership or limited partnership. Each entity type has different legal and tax implications, so it’s important to choose the structure that best suits your business goals and needs.
- Comply with state of Florida requirements – If you’re forming a business entity in Florida, it’s imperative to fulfill all business requirements. Your attorney will guide you through this process.
- Draft operating and partnership agreements – Strong businesses make plans for their futures before they’re even established. By creating operating and partnership agreements, you’ll set up the rules and expectations for how the entity will be managed and governed, including identifying its ownership structure, roles and responsibilities of members/directors, voting procedures and decision-making processes. You’ll even establish what to do in the event of dissolution.
- Draft and file articles of organization – With your attorney’s help, you’ll need to prepare and file the necessary formation documents. These typically include information about the entity’s name, purpose, registered agent, initial directors/members and other required details.
Additionally, you may consider the need for creating acquisition and sales agreements, preparing and reviewing contracts, or drafting and amending corporate governance agreements. Our attorneys at the Law Offices of Alex D. Sirulnik, P.A. can help with all this and more. Please contact us today to request a free consultation.