Delaware / Nevada / Florida Corporations Comparison Chart
| Characteristic | Delaware | Nevada | Florida |
|---|---|---|---|
| Corporate Name Endings | Association, Company, Corporation, Club, Foundation, Incorporated, Institute, Society, Union, Syndicate, Limited, Co., Corp., Inc., Ltd. or like words or abbrev. in other languages. Cannot use Trust without approval of Bank Commissioner | Corporation, Corp., Incorporated, Inc., Limited, LTD, Company, Co. | Corporation, Incorporated, Company or an abbreviation of the above |
| Minimum Directors? | One | One | One |
| Must be Resident? | No | No | No |
| Director Age? | None | 18 or Older | 18 or Older |
| Director in Articles? | Not Required | Required to be listed | Not Required |
| Officers Listed In Articles? | Officers not required to be listed | Officers not required to be listed | Officers not required to be listed |
| Stock Data | Increase in shares or par value does increase initial filing fee | Increase in shares may increase initial filing fee | Increase in shares or par value does not increase initial filing fee |
| Corp Records | At main office – stock ledger and basic corporate records | At main office – must keep certified articles of Inc and amendments, certified bylaws and amendments, stock ledger or statement of its location | No location requirement |
| State Filing Fee | $74 | $75 + $20 if certified plus $125 for initial annual list (see below) – (must be done within 60 days of approved corp.) | $80 |
| Annual Statements | $20 annual statement fee plus franchise tax by March 1 | $125 fee – annual list of officers, directors within 60 days of filing | $150 fee – Uniform Business Report – due each January 1 |
| Franchise Tax Rate | – 1 to 3000 shares = $30 – 3 to 5000 shares = $50 – 5 to 10,000 shares = $90 – 10,000 $90 + $50 for each add’l 10,000 | None | First $5,000 of net income is exempt; 5.5% over that level |
| Income Tax | None unless company located in DE | None | No; also has no personal income tax |
| S Corp Recognition | Yes; no filing needed | Yes; no income tax | Yes; also no personal income tax |
| License Requirements | Some businesses; check with state | Some businesses; check with state | Some businesses; check with state |
| IRS Sharing Agreement | Yes | No IRS sharing agreement | No |
| Shareholders on Public Record | No | No | No |
| Miscellaneous | No minimum capital, special court system, good faith director protection, friendly state | May sell stock or issue & value shares for capital items, good faith director protection, friendly state | No minimum capital |