Florida Broker Practice Exam

A corporation in Florida is legally formed by filing articles of incorporation. This process includes submitting specific documents to the Florida Division of Corporations that outline essential details about the corporation, such as its name, purpose, registered agent, and the number of shares it is authorized to issue. Filing the articles of incorporation is a formal requirement that grants the entity its legal recognition and distinct status as a corporation, allowing it to operate under Florida law. While other options like a partnership agreement, business license, and trade name registration are important steps for different types of business structures or operations, they do not constitute the formal legal formation of a corporation. A partnership agreement is relevant for partnerships, a business license is necessary for operating legally within a jurisdiction, and registering a trade name allows a business to operate under a particular name, but none of these actions establish a corporation. Thus, the correct process for creating a corporation is through the filing of articles of incorporation.