Legal Question in Business Law in Florida

What are the annual income (based on business) requirements based on annual profit to maintain a legal corporation in the state of Florida?


Asked on 10/01/10, 7:10 am

1 Answer from Attorneys
Kevin B. Murphy Franchise Foundations, APC

Any attorney will say there are no "income requirements" to maintain a corporation. The state simply requires an annual minimum payment (sometimes called a franchise tax) to keep the corporation active and in good standing. Consult with a good business attorney in your area for specific advice.

Kevin B. Murphy, B.S., M.B.A., J.D. - Mr. Franchise

Franchise Attorney

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Answered on 10/06/10, 7:42 am


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