Is it possible to form a corporation with no employees and only owners that share all profits?

Question Details:

 If so, can it be founded blindly.

Asked 12/21/2011 under Business | 110 View(s) | More Legal Topics

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Business Law Answers

Sanford M. Martin / SANFORD M. MARTIN, P.A. Answered 5 months ago | Contributor This attorney is licensed in Florida

     A corporation may be formed in Florida with no employees.  At least one owner is required who must provide personal identification.  An annual update of corporate information is required: name of officers, address, EIN, etc.   A registered agent is required; however, the owner may serve as registered agent.  Therefore, one person may form a corporation, without employees, which is subject to state corporation law.

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