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Choosing Where to Form My Business

Choosing Where to Form My Business?

We live in Florida, we work in Florida and, if you are considering owning a business, why not form your business in Florida?

For most this makes logical and practical sense. But when opening a new business, you should think of both your business’ long-term and short term goals. Your long term goals may end up driving your decision to form your business in another state or country, and operate in Florida.

For example, forming a business outside of Florida may have considerable legal advantages.

  1. Affording owners a greater level of anonymity from solicitors and other trivial matters that interfere with the business;
  2. Providing a clear pathway to forming a publicly traded company;
  3. Establishing a preferred location to raise private equity;
  4. Advantageous tax planning for non-United States Citizens.

These are just some of those benefits of incorporating in another state.

These long term decisions should not be made without discussing matters with an attorney. It could be very costly and cumbersome to relocate your business, for legal purposes, once established for several years. If you are forming, or recently formed, a business have these questions, contact an attorney who may be able to offer a legal opinion on where your should form your business.

Call Bennett Law today for a consultation.

**The contents of this website are intended to convey general information only and not to provide legal advice or opinions. The contents of this website, and the posting and viewing of the information on this website, should not be construed as, and should not be relied upon for, legal or tax advice in any particular circumstance or fact situation. The information presented on this website may not reflect the most current legal developments. No action should be taken in reliance on the information contained on this website and we disclaim all liability in respect to actions taken or not taken based on any or all of the contents of this site to the fullest extent permitted by law. An attorney should be contacted for advice on specific legal issues.

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