What is the cost of forming a business?
The cost of forming a business in Florida depends on the type of business you plan to form. The most common forms of business are sole proprietorships, partnerships, LLCs, and corporations. Sole proprietorships are the least expensive to create, as they require no paperwork or fees. Partnerships require a partnership agreement, but there are no filing fees. LLCs, or limited liability companies, are the most popular form of business formation in Florida and require filing fees with the state. The filing fee is usually between $100 and $150. Corporations require more paperwork and higher filing fees than LLCs. The fees vary depending on the type of corporation. The basic fees range from $75 to $200. Additionally, corporations must also pay an annual fee, which ranges from $150 to $800. Overall, the cost of forming a business in Florida varies depending on what type of business you decide to form. Most basic forms of business formation will require some paperwork and small filing fees. Corporations, however, will have higher filing fees and require more paperwork.
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