Forming a corporation and maintaining its books and records may seem like simple tasks at first. However, seemingly straightforward formation and drafting decisions can have far-reaching consequences. For example, the organizational documents of a corporation can have a significant effect on directors' and officers' exposure to liability and on the relationship between shareholders.

When forming a Florida corporation, incorporators must consider, among other things:

Maintaining corporate status after formation calls for careful attention to reporting and filing requirements in Florida, as well as certain actions required by Florida law, including annual meetings and proper record keeping.

This Toolkit provides certain key resources to help parties manage the formation, maintenance, and dissolution of a Florida for-profit corporation.

Consider the applicability of reporting requirements under the Corporate Transparency Act (CTA) when forming a corporation or making organizational changes. For more information on the CTA, see Practice Note, Corporate Transparency Act Beneficial Ownership Reporting, Corporate Transparency Act (CTA) Rules and Publications Tracker, and the Corporate Transparency Act (CTA) Toolkit.