Business Entity Regulations

The Professor asked the students to use the internet to locate a description of business entity regulations in your state and the writer lives in Florida therefore; this paper will cover the state of Florida. The writer will describe how business entity regulations pertain to your current or a prior employer. The author of this paper will also include the answers to the three questions. Identify the business formation code(s) or statutes in Florida. Identify the address of Florida State’s corporation commission. Describe the process for obtaining an “annual filing report” for a corporation currently registered in Florida. The company the writer currently works for is Sypris Test and Measurements INC. which is incorporated. Therefore this will be used as example to the last question.

Business Entities

Title XXXVI BUSINESS ORGANIZATIONS Chapter 606 BUSINESS COORDINATION 606.03 Definitions; states that “"Business entity" means any form of corporation, partnership, association, cooperative, joint venture, business trust, or sole proprietorship that conducts business in this state” (2006). The state of Florida recognizes the four types of business entities which are Corporations, Nonprofit Corporations, Partnerships, and Limited Liability Companies. The state statutes for each of these four are:

Corporations which state that Under Florida law, corporate existence begins when the