Forming a PLLC in Florida: A Guide
Considerations Before Forming a PLLC (Professional Limited Liability Company) in Florida Forming a PLLC, or professional limited liability company, in Florida can be confusing at first. After all, why can’t you go with another entity? Well, Florida law prohibits certain licensed professionals from running standard …
Why You Need a Business Plan Before Fundraising
Why You Need a Business Plan Before Fundraising Starting up your business without a written plan, while possible, is far from the greatest idea. You need a business plan because it makes many aspects of running a business much easier, especially when it comes to …
What is LLC Disregarded Entity Election?
Disregarded Entity Election for Florida LLCs In Florida, many entrepreneurs are confused by the idea of “Disregarded Entity Election.” Basically, it’s a status determining how your business is taxed. For information on selecting the right entity for your business, you can read more here. What …
S Corporation Advantages for Florida LLCs
What are the S Corporation Advantages Available to Florida LLCs? An S Corporation’s advantage is that it has a tax structure similar to C Corporations with liability protection similar to LLCs. Too few business owners take advantage of this powerful tool. While it won’t be …
Selling a Business in Florida? 5 Essential Documents
Selling a Business in Florida? 5 Essential Documents Selling a business in Florida, like a lot of an entrepreneur’s life, involves drafting and signing a lot of paperwork. Unfortunately, far too many business owners rush through these transactions. They don’t take the time to read …
How to Find the Right Time to Sell Your Business
How to Find the Right Time to Sell Your Business Deciding to sell your business can be a tough call. The act of selling it is no walk in the park, either, but for a lot of entrepreneurs out there, it’s the right choice to …
Four Mistakes That Defeat the Purpose of Estate Plans
Four Mistakes That Defeat the Purpose of Estate Plans You might be surprised to learn that there’s more to estate planning in Florida than drafting your last will and testament. Sure, the main purpose of estate plans is to cover the distribution of your belongings, …
The Benefits of Creating a Florida Rental Property LLC
The Benefits of Creating a Florida Rental Property LLC Too few landlords in Florida know just how much they stand to benefit by forming a Florida Rental Property LLC. An LLC is a type of business entity favored by many small business owners and entrepreneurs …
Separating Your Finances and Maximizing LLC Liability Protection
Separating Your Finances and Maximizing LLC Liability Protection If you’re the owner of an LLC in Florida, then chances are that you already know how critical it is to keep your personal and business finances strictly separated from one another. Doing so is a requisite …
Tax Exemptions for Charitable Organizations Explained
Tax Exemptions for Charitable Organizations Explained Charitable organizations can qualify for a number of tax exemptions in Florida. This includes such favorites as the Corporate Income Tax, the Sales and Use Tax, as well as the Reemployment Tax (also known as Unemployment Insurance). However, each …
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