Why create a company in Florida, Miami, Orlando… and not in Delaware?
Whether in Miami or Orlando, entrepreneurs from large European cities are particularly fond of the West Coast of the United States to set up their business. The state of Florida (where the cities of Miami, Tampa, etc. are located) offers a good international image, which favors the establishment of a company in this region. In addition, you will be able to open a bank account for your entity in the USA.
Why choose LLC in Florida rather than Delaware?
There are several reasons why you might want to form an LLC in Florida rather than Delaware. One is that Florida has no income tax, which can save you money if your entity generates a large amount of income. Another reason is that Florida is one of the states that has more flexible rules for LLCs than Delaware. For example, in Florida, you only need one member to create it, whereas in Delaware, you need at least two. You also do not need to register your business in Delaware if you choose to register it in Florida.
One of the disadvantages of setting up in Florida is that it is not considered an offshore company. Therefore, you will not receive the same tax benefits as if you were to set it up in a jurisdiction like the Cayman Islands. However, if you operate primarily in the United States, Florida is still a good choice for your Limited Liability Company.
Many French people, when talking about tax havens, automatically think of Delaware.
The advantages of creating a company in Florida and opening a bank account
Starting your business in Florida has many advantages. The State of Florida offers an ideal setting for doing business. Florida has a good image and a favorable environment for businesses because it offers many tax advantages (especially regarding taxes). In addition, starting your own business gives you access to a large market. Orlando is a great place to start your business. The city is home to a large number of businesses and offers a variety of business resources (co-working space, etc.).
Once you have gathered all the documents, decided on the headquarters of your company, you can move on to the banking stage.
Many people want to know if it is possible to open a bank account in the US without being a resident or US citizen. The answer is YES, it is possible to open one with Mercury or Chase for example.
However, opening a personal bank account requires proof of residence in the USA (water, electricity, telephone bill, etc.) even if you are not a resident/citizen of the USA.
Starting your own business in Florida is a great way to get started in business.
Everything you need to know about starting a business in Florida: the highlights
The first step is to choose a name through the public registry to see if that name is available in Florida. Once your company is domiciled in Florida, you will then obtain an Employer Identification Number (EIN) from the IRS. Our firm will take care of all the procedures. You will use this number to open a business bank account and to declare your taxes by May 1st.
The creation of a company in Florida allows you:
- Save on taxes, an LLC is not subject to the same taxation as other corporations (you must pay before May of the current year for example);
- Limit your liability, which means that you are not personally responsible for the debts and liabilities of the company;
- Opening accounts at the bank is facilitated;
- Have a reduced sales tax rate (the tax you owe is reduced compared to another state);
- To benefit from a brand image of this state.
All of these elements make LLCs a popular choice for small businesses and startups.
Overall, forming an LLC in the state of Florida is a relatively simple and straightforward process. After doing a good market study and business plan, it will be easy to get started. In addition, it offers many benefits and protections to its owners, making it an excellent choice for those looking to start a business.
Legal forms to create your company in Florida
For people wishing to create a company in the United States because it is more advantageous, there are two types of companies recommended in the United States, the LLC and the C Corporation. The choice of the legal form depends on the jurisdiction in force.
The most common form in the USA is the Limited Liability Company, better known as LLC.
The French who want to settle on the West Coast are particularly fond of the LLC.
Choose Florida and choose Merritt Middle East
Florida is the state of choice when you decide to start a business in the United States.
Our firm in Orlando, Florida takes care of all the administrative procedures for the creation of a company in the USA and the opening of bank accounts in reputable institutions in the USA.
For more information, please contact us at email@example.com