5 Strategies for Minimizing Personal Liability as a Florida Business Owner
How Florida Business Owners Can Maintain Their Personal Liability Protections Florida business owners need to be sure that they’re taking the necessary steps to protect themselves from being held personally liable for their company’s debts and obligations. This is true even if you’ve formed a …
Legal Alert: State of Florida Reduces Sales Tax Rate for Commercial Rental Properties
Mortgage payments Ad valorem taxes (whether paid to the landlord or to the county tax collector’s office) Insurance For more information, you can check out the Florida Department of Revenue’s brochure here. Are There Any Exemptions to Paying Florida’s Sales Tax on Commercial Rental Properties? …
Qualified Small Business Stock (QSBS): A Tax-Saving Opportunity for Florida C-Corporations
Could Your Florida C-Corporation Benefit from Qualified Small Business Stock (QSBS)? As a corporate law firm, we know that Florida business owners are always looking for ways to maximize company growth while minimizing tax liabilities. One powerful tool that can accomplish both goals is Qualified …
How to Use a Virtual Address for Your Florida Home-Based Business
When to Use a Virtual Office Address for Your Florida Home-Based Business As working from home becomes increasingly common, more entrepreneurs are wondering if they can use a Florida virtual address for their business. However, it’s important to weigh the pros and cons before making …
How to Pay Yourself in a Florida Limited Liability Company
How to Pay Yourself in a Florida Limited Liability Company Updated: May 23, 2023 So, you’ve finally formed your limited liability company down here in Florida – congratulations! However, unless you’re a secret billionaire, then chances are that you’re still going to need some form …
Why You Should Hire FL Patel Law PLLC for Your Florida LLC Formation
How Our Firm Can Set Your Florida LLC Up for Success from the Start and Make Life Easier for You as a Business Owner FL Patel Law PLLC was founded in 2016 as a part of Attorney Kalpesh J. Patel’s ongoing mission to empower entrepreneurs …
How to Create Florida Holding and Operating LLCs
Forming Holding and Operating LLCs in Florida If you’re interested in extra asset and liability protections for your Florida business, then it’s important for you to know a thing or two about Florida Holding and Operating LLCs. Essentially, the Holding LLC leases assets to the …
At What Point Should You Start a Florida LLC?
4 Points to Consider Before You Start a Florida LLC While many sole proprietors, general partnerships, and new business owners plan on starting or reorganizing their businesses as limited liability companies, or LLCs, figuring out the best time to make that change is a different …
The Risks of Using DIY Business Formation Websites
The Dangers of DIY Business Formation Services As a business law firm, one of the most frustrating things that we encounter are DIY business formation websites and similar services. They cause our clients more problems than they purport to solve. This is because they offer …
Meeting Minutes: 10 Ways Meeting Minutes Benefit for Your Florida Business
LLCs and corporations are popular among business owners for many reasons. Perhaps none of these reasons is more appreciated than the personal liability protections afforded by both. While these protections are extensive and will in most cases shield your personal assets from creditors, they are …
Introducing Entity Guard
