17 Answers to Your Corporate Transparency Act Questions
The Corporate Transparency Act’s Beneficial Ownership Information (BOI) Reporting Requirements Updated: April 12, 2023 Florida business owners only have a handful of months left to get ready for the Corporate Transparency Act. This law creates new reporting requirements that most businesses will need to adhere …
6 Common Questions About S Corporations in Florida
6 Things You Need to Know About S Corporation Election in Florida There are a lot of misconceptions out there about S corporations in Florida. For example, many business owners don’t realize that it isn’t a type of business entity. Rather, an S corporation is …
The Risks of Being a Registered Agent for Your LLC
The Risks of Being a Registered Agent for Your LLC When someone first sets up their LLC in Florida, it’s completely understandable that they would want to act as their own Registered Agent. This, however, can be a mistake. The duties of a Registered Agent …
S Corporation Advantages for Florida LLCs
Benefits of S Corporation Election for 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 best for …
Florida Small Business Audits
Florida Small Business Audits Few things can strike as much fear into entrepreneurs as small business audits. Even if you have no ill intent whatsoever, even if you did everything to the best of your abilities, there’s always the concern that you forgot to hold …
Setting Up a Business in Florida: 7 Questions to Ask
7 Questions to Ask Before Starting Your Florida Business Starting your own business is a great way to take control of your life. Not only does it give you more control over your financial future, you can even work from home if your profession allows …
5 Misconceptions About Electing Your Corporate Entity
5 Misconceptions About Electing Your Corporate Entity The legal structure of your business probably seems like one of those boring details that you won’t need to spend much time on. This couldn’t be further from the truth. Here are the top five all-too-common misconceptions about …
How LLCs and Corporations Can Lower Self Employment Taxes
How LLCs and Corporations Can Lower Self Employment Taxes Self-employment can be an attractive prospect, especially for those of us who value freedom and self-direction in the workplace. But many don’t realize that a shadow looms over freelancers and independent consultants everywhere: the dreaded self-employment …
Business Entity Conversion in Florida: What to Know
Business Entity Conversion in Florida: What to Know Business entity conversions can be confusing. What steps do I need to take? Who do I send the paperwork to? What will my taxes be like? Here’s a brief overview of your different options. Sole Proprietorship to …
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