|
Miami Florida
Florida is consistently ranked as one of the top pro-business states, and for
a number of good reasons. It has a favorable business environment, with a low
corporate income tax rate and no state personal income tax.
In addition, Florida offers competitive cost-of-doing-business,
especially when compared to other high tech states. The state is also one of
only a few right-to-work states in the U.S.
The federal government allocates over $2 billion annually to two highly
competitive programs that encourage start-up businesses to capitalize on
commercialization opportunities.
Another area important to the state economy is the establishment of
corporate headquarters in Florida. Corporate headquarters is defined as
those facilities that support international, national or regional (multi-state)
operations for relatively mature companies with distributed operations and
centralized strategic and management activities. In Florida, Corporate
Headquarters has been designated as a High Impact Business Sector, eligible for
certain incentives.
Florida has become one of the most desirable states in the country in which
to conduct business. The State consistently leads the nation in new business
incorporations. With one of the largest supplies of business parks, an
advantageous business tax system, transportation availability, 14 foreign trade
zones, an abundance of electrical power, and a large population of skilled human
resources, Florida provides everything that a business requires to function.
A corporation is a distinct legal entity formed for the express purpose of
conducting business activities, while protecting its shareholders from personal
liability. The LLC is a relatively new type of hybrid business structure that is
now permissible in most states. It is designed to provide the limited liability
protection of a corporation and operational flexibility and pass-through
taxation advantage of a partnership.
| 
