View Full Version : Help on Corp. Opening

02-09-2006, 04:54 PM
Hi, i opened a Corporation in Florida with a Co worker, we agreed i would one a % of the business shares and he the other %. We ordered trough one of this websites that are on the internet. We received the documents like articles of incorporation as well as a nice of these premade corp Kits with templates and shares to fill out. I also ordered on request of a bank a certified copy of incorporation and certificate of good standing. Almost forgot, we have our Tax ID as well of course.

The things that i want to ask is. The state has opened the Corp as a legal entity but what do i do with the Kit i received? I have filled the stocks and some papers, but isnt there something i should send back to the state?
After receiving the kit what papers should i fill and send to state? I mean, how does the state knows, who is the director, or who has wich % of stocks? Doent the secretary of state need to protect us as a corporation, grant it a legal status, how do they even know if its working or not.

Please help out, i really know 0 about this. I know some basic steps i did about filling papers but nothing more. On the internet or anywhere else there isnt a step by step guide on what to do after you have your kit.

02-25-2006, 03:26 PM
The Secretary of State for Florida should have a website wherein you can find the information you are looking for. Also, whoever you bought your company from (the internet folks) should offer a service wherein they will give you advice on what needs to be done.

In Nevada, the state doesn't care who owns how many shares, they only care how many authorized shares there are. They base their fees on the number of authorized shares.

The corporate kit that you have is your official corporate record book which needs to be kept in a safe place and needs to be kept up-to-date. Who owns how many shares will be of interest to the IRS when tax time comes around. I don't know if Florida has corporate taxes or not (we don't in Nevada). If you do, then the percentage ownership will be of interest to them as well.

You want to pay attention to your IRS election. There are significant differences between a standard C Corp and an S Corp (which is a C corp converted), so check with your accountant immediately. The S Corp election (which is usually better for small companies) needs to be done within a short time after the establishment of the corporation.

02-26-2006, 12:37 AM
The corporation has C status. As far as i know i cant apply for an S corp. Since none of the owners are in the US. Also i dont really understand how will the IRS tax the shares if the shares are owned by non us citizens. On the Florida Business website there inst really any much info on the steps or papers to send, all the info there is more focused on doing business.

02-28-2014, 11:22 PM
The organization possesses Chemical reputation. So far as i'm sure my partner and i cant make application for a good S corp. Because not one on the managers are in america. In addition my partner and i dont actually know how may this INTERNAL REVENUE SERVICE tax this stocks when the stocks are possessed simply by no people in america. For the Florida Enterprise web page there inst actually almost any significantly info on this actions or papers to help post, all the details there is a lot more centered on conducting business.

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