Below you will find our comparison chart of popular states. This chart covers many variables that typically should be considered when opening a corporation or LLC in any given state. We always recommend to our clients that they incorporate in the state that they plan to conduct the majority of their business in. Need more information? Contact us today and we will be glad to answer any of your questions!
| Characteristic | Delaware | Nevada | Florida | |
| Corporate Name Endings | Association, Company, Corporation,Club, Foundation, Incorporated, Institute, Society, Union, Syndicate, Limited, Co., Corp., Inc., Ltd. or like words or abbrev. in other languages. Cannot use Trust without approval of Bank Commissioner |
Corporation, Corp., Incorporated, Inc., Limited, LTD, Company, Co. | Corporation, Incorporated, Company or an Abbreviation of the Above | |
| Minimum Directors? Must be Resident? Director Age? Director in Articles? |
One, No, None, Not Required | One, No, 18 or Older, Required to be listed | One, No, 18 or Older, Not Required | |
| Officers Listed In Articles? | Officers not required to be listed | Officers not required to be listed | Officers not required to be listed | |
| Stock Data | Increase in shares or par value does increase initial filing fee | Increase in shares may increase initial filing fee | Increase in shares or par value does not increase initial filing fee | |
| Corp Records | AT MAIN OFFICE – STOCK LEDGER AND BASIC CORPORATE RECORDS | AT MAIN OFFICE – MUST KEEP – CERTIFIED ARTICLES OF INC AND AMENDMENTS. – CERTIFIED BYLAWS AND AMENDMENTS, STOCK LEDGER OR STATEMENT OF ITS LOCATION | NO LOCATION REQUIREMENT | |
| STATE FILING FEE | $74 | $75 + $20 IF CERTIFIED PLUS $125 FOR INITIAL ANNUAL LIST (SEE BELOW)-(MUST BE DONE WITHIN 60 DAYS OF APPROVED CORP.) | $80 | |
| ANNUAL STATEMENTS | $20 ANNUAL STATEMENT FEE PLUS FRANCHISE TAX BY MARCH 1 | $125 FEE- ANNUAL LIST OF OFFICERS, DIRECTORS WITHIN 60 DAYS OF FILING | $150 FEE – Uniform Business Report – DUE EACH JAN.1 | |
| FRANCHISE TAX RATE | -1 TO 3000 SHARES = $30- 3-5,0000 SHARES = $50- 5-10,000 SHARES = $90- 10,000 $90 + $50 FOR EACH ADD’L 10,000 | NONE | FIRST $5,000 OF NET INCOME IS EXEMPT 5.5% OVER THAT LEVEL | |
| INCOME TAX | NONE UNLESS COMPANY LOCATED IN DE | NONE | NO – ALSO NO PERSONAL INCOME TAX | |
| INCOME TAX | NONE UNLESS COMPANY LOCATED IN DE | NONE | NO – ALSO NO PERSONAL INCOME TAX | |
| S – CORP RECOGNITION | YES – NO FILING NEEDED | YES- NO INCOME TAX | YES – ALSO NO PERSONAL INCOME TAX | |
| LICENSE REQUIREMENTS | SOME BUSINESSES – CHECK WITH STATE | SOME BUSINESSES – CHECK WITH STATE | SOME BUSINESSES – CHECK WITH STATE | |
| IRS SHARING AGREEMENT | NO | NO | NO | |
| SHAREHOLDERS ON PUBLIC RECORD | NONE UNLESS COMPANY LOCATED IN DE | NONE | NO – ALSO NO PERSONAL INCOME TAX | |
| MISC | -NO MINIMUM CAPITAL -SPECIAL COURT SYSTEM -GOOD FAITH DIRECTOR PROTECTION “FRIENDLY STATE” |
-MAY SELL STOCK OR ISSUE AND VALUE SHARES FOR CAPITAL ITEMS -GOOD FAITH DIRECTOR PROTECTION “FRIENDLY STATE” |
-No minimum capital |
