A Florida professional corporation (PC) is a business entity similar to a regular corporation, but structured around licensed professionals like accountants, engineers, lawyers, physicians, dentists, and other pursuits that require training.
First, you need to file articles of incorporation with the Florida's Division of Corporations and Department of State. Next, you should check the website form, how to e-file, and then send articles of your incorporation. To make sure your article is just right: Your professional corporation's name.
An Authorized Representative (AR), Authorized Person (AP), or Authorized Member (AMBR) is a person who is authorized to execute and file records with the Florida Division of Corporations.
A requirement for professional associations in the state of Florida is that your PA is formed with the single purpose of providing a specific professional service. Any shareholder of the association must be properly licensed to provide the services offered by the business.
A professional association that is an S corporation files a federal tax return every year on Form 1120S. An S corporation is a pass-through entity under Florida and federal tax law. For an S corporation, there is no Florida corporate income tax.
Florida corporations must have one or more directors. Residence requirements. Directors do not have to be residents of Florida.
Let's get started! Name Your Organization. Recruit Incorporators and Initial Directors. Appoint a Registered Agent. Prepare and File Articles of Incorporation. File Initial Report. Obtain an Employer Identification Number (EIN) ... Store Nonprofit Records. Establish Initial Governing Documents and Policies.
In Florida, homeowners can remove board members through a process known as “recall.” This allows a majority of homeowners to vote for the removal of one or more board members, even without a specific reason. The process is outlined in Florida Statute 720.303(10).
In Florida, the statute of limitations for breach of contract (such as violating your HOA covenants) is five years. The time period within which the HOA could enforce the covenant has expired, at least as it pertains to those patios that were built more than five years ago.
617.2102 Fines and penalties against members. —A corporation may, if so authorized in the bylaws, levy fines or otherwise penalize members of the corporation.