Many people think that the formation of an entity is as simple as filing a few documents with the proper authority and hanging a sign with a company logo.


However, proper entity formation goes well beyond the inception of a business. The key to a well-designed entity formation strategy is enough detailed planning to ensure that there is a defined and documented procedure the many contingencies that will arise.

If you're considering starting a business there are three important issues to consult with your Florida attorney about: (1) proper formation; (2) the duty to collect and pay taxes; and (3) whether or not you need to register for an EIN.

Here are some of the basics regarding business formation. Consulting with an attorney throughout your business planning process can make the formation easier and help you avoid legal problems in the future.

What You Need To Know First

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