Piercing the Corporate Veil

by admin on July 9, 2013

  • Piercing the Corporate Veil:
  • It is important to treat the corporation or formal association as a separate and distinct entity. Failure to do so may allow a creditor to pierce the corporate veil and subject a shareholder’s personal assets, such as bank accounts and other property, to the satisfaction of the debts and liabilities of the corporation. Note: Treating the corporation like a corporation includes, among other corporate acts, issuing stock certificates which represent share ownership, electing directors and officers, filing the biennial report, keeping annual shareholder meeting minutes and maintaining a corporate bank account and financial records.

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Florida Registered Agent For LLC

by admin on July 9, 2013

Florida LLC Registered Agent:

All Corporations, Limited Liability Companies, Limited Partnerships, and Limited Liability Partnerships must maintain a Registered Agent and Registered Address within the State of Indiana. The Registered Agent is the legal representative and contact for the business. The Registered Agent cannot be the business entity itself. The Registered Agent may be a person or another formal business association which was incorporated (or qualified) in Florida and which maintains a valid Registered Agent in Florida. The business address of the Registered Agent must be identical to the office address. A Post Office Box number is not sufficient unless a rural route number is part of the address.

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Start a Not For Profit in Florida

July 9, 2013

To form a Nonprofit Corporation, Articles of Incorporation must be filed. The Articles of Incorporation must include the following: the name of the corporation (which must include “Corporation”, “Company,” “Incorporated,” “Limited,” or an abbreviation thereof); a statement as to whether the corporation will be a public benefit, religious or mutual benefit corporation; the name and [...]

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File a Business / Sunbiz Website

July 9, 2013

To form one of the Formal Associations, organizational documents must be filed with the Corporations Division of the Secretary of State. Although not required, boilerplate forms to form for-profit and nonprofit corporations are available from the Corporations Division. You may obtain forms via our website, by visiting our office, by mail. Corporation and S-Corporation: To [...]

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Business Filings Florida

July 9, 2013

Formally organizing a business carries both great advantages and legal consequences. Care should be taken when deciding which business form to utilize and while operating the venture. The Corporations Division is eager to help, but cannot offer legal advice. It is strongly suggested that an attorney be contacted for additional guidance. Formal Associations The following [...]

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EMPLOYER IDENTIFICATION NUMBER (EIN)

July 9, 2013

Apply For Employer Identification Number An EIN identifies the business for federal and state tax purposes. Many financial institutions will not open a commercial banking account under an assumed (“doing business as” – DBA) name without the EIN. Sole proprietorships without employees ARE NOT REQUIRED to have an EIN and may use the owner’s social [...]

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Selecting and Registering a Business Name in Florida

July 9, 2013

Selecting and Registering a Business Name  In general, an individual is always entitled to use their personal name for their business. If you choose a name that is not your personal name, you must choose a name that is not already being used by a business. Therefore, it is smart to do a search for [...]

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Start a Florida Limited Liability Company / LLC

July 9, 2013

Florida Limited Liability Company Filing: A limited liability company (LLC) is a relatively new business structure. It was created to combine the advantages offered by both corporations and partnerships. An LLC provides the members (owners) of the business limited liability protection like shareholders in a corporation combined with the simpler operation and tax advantages of [...]

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Incorporating a Business in Florida

July 9, 2013

Florida Corporations: A corporation is considered a separate legal entity with its own rights, privileges and liabilities separate from its members. Therefore, its shareholders or stockholders (owners) are not personally responsible for the debts of the business. Usually a corporation has more than one shareholder but it can be 100% owned by one person. Shareholders [...]

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Choosing a Legal Structure for Your Business

July 9, 2013

When starting a new business, one of the first decisions you must make is what legal structure you should choose for your business. Your choices are sole proprietorship, partnership, corporation or LLC. Which structure you choose will depend on the type of business you run. The major factors to consider include: • The potential risks [...]

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