• Difference Between Florida and Delaware
• 
• When creating a new company, it is important to understand the difference of incorporating in different states within the USA. Two of the most popular states to create a new company are Florida and Delaware. Below we will discuss the difference between both states.
• Both states do have the following in common:
• Pass-Through Income
• State Income Tax

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• Advantages of FLORIDA
• The Sunshine State carries potential for small business owners seeking asset protection. A Florida LLC combines the liability protection of a corporation with the tax treatment and ease of administration of a partnership.
• 
• Pass-through taxation. LLCs typically enjoy pass-through taxation where the members (owners) report their share of the LLC’s profit or loss on their individual tax returns. Any tax due is then paid at the individual level.
  
  Multi-member LLCs file an informational (partnership) tax return for the LLC, while single-member LLCs report all income or loss on Schedule C.
  
  Pass-through taxation sidesteps the double taxation incurred by C corporations when income is taxed at the corporate level and again at the individual level if corporate profits are distributed as dividends to owners (shareholders).
• Flexibility.LLCs generally have no restrictions on the number of members allowed, and members have flexibility in structuring management of the company.
  
  Florida LLCs can also select varying types of distribution of profits. Unlike a common partnership where the split is 50-50, an LLC has room for much more flexibility.
• Fewer formalities.The LLC business entity requires no corporate minutes or resolutions, making it easier to manage. Holding annual meetings of members and documenting major business decisions is still recommended, however.
• Subsidiaries. Unlike Florida S corporations, Florida LLCs are allowed to have subsidiaries without restriction.

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• Advantages of DELAWARE
• Delaware is also a great option for forming companies. In fact, Florida and Delaware share many of the same benefits for forming companies. Aside from the benefits listed above that pertain to Florida, Delaware has the added benefit of full anonymity. Read below for the advantages of forming an LLC in Delaware.
• 
• Anonymity: Company records are not open to the public. Owner and/or members of a company are not easily found on the internet. In order to find information about the owners of a Delaware company, a fee must be paid. For this reason, Delaware offers more anonymity.
• Limited liability: Owners of an LLC have the limited liability protection of a corporation. Flexible profit distribution: Limited liability companies can select varying forms of distribution of profits. Unlike a common partnership where the split is 50-50, LLC have much more flexibility.
• No Minutes. Corporations are required to keep formal minutes, have meetings, and record resolutions. The LLC business structure requires no corporate minutes or resolutions and is easier to operate.
• Flow Through Taxation: All your business losses, profits, and expenses flow through the company to the individual members. You avoid the double taxation of paying corporate tax and individual tax. Usually, this will be a tax advantage, but circumstances can favor a corporate tax structure.

• What Do I Need To Create A New Company
• Creating a new company has never been easier. Our professional accounting team will collect some information regarding your new company. The best part is that we can do this over the phone or through email. But if you are near one of our offices, come visit us today. Here are the all the steps involved in creating your new company:
• STEP 1 – We will send you a form that is simple and easy to fill out. In this form you will give us 3 options for your company’s name. If the first name is already being used by somebody wlse, we will try the second name.(and so on…) You will also be providing us the owners, primary contact, physical address, and mailing address of your new company.
• STEP 2 – Once we receive payment from you, we will begin processing your new company with the state division of corporations.
• STEP 3 – Once the state approves your new company, we will apply for an Employer Identification Number (EIN) for your company.
• STEP 4 – Them we will create an operating agreement which will define the owners and their responsibilities of the company.
• STEP 5 – In less than 7 days, we will upload all your new company documents to the LEAFCLOUD where you will have instant and online access to all your company documents.

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