FAQ about Getting Started (Part IV)

What is the difference between Sole Proprietor & Partnership?

Sole Proprietor: Business Owned & Operated by one person

Partnership: Two or more persons as co-owners of a business

For more info: Florida Dept. of State, Div. of Corp.

www.sunbiz.org – phone: [phone]

What is the difference between S Corp & C Corp?

S Corp is under subchapter S of the IRS code; known as Sub S

C Corp is taxed under corporation income tax rules

For more info: Florida Dept. of State, Div. of Corp.

www.sunbiz.org – phone: [phone]

What is a LLC?

A Limited Liability Company (LLC) is a hybrid form of business entity combining some of the attributes of a corporation with the status of a partnership. 

For more info:  Florida Dept. of State, Div. of Corp.

www.sunbiz.org – phone: [phone]

What is a Fictitious Name?

A Fictitious Name is any name other than an individual’s legal name.  Registration of that name is requires if it is used in business so as to inform the public who is actually conducting Business.

For more info:  Florida Dept. of State, Div. of Corp.

www.sunbiz.org – phone: [phone]

What’s the difference between Patents and Trademarks?

A patent is an exclusive property right to an invention.

A trademark is a name or symbol used by a business to identify its goods or services and distinguish them from others.

For more info:  U.S. Patent and Trademark Office

www.uspto.gov – phone:  [phone]

I want to copyright my document, what should I do?

A copyright is a form of protection given to an author.

For more info:  U.S. Copyright Office

www.loc.gov/copyright - 202.707.3000