How to Purchase an LLC in Florida Without It Ending in Disaster
Buying an LLC, like any other major purchase, deserves extra care and attention. You don’t want to be tricked into paying too much or left with a lemon of a business, after all! The steps below can do a lot to mitigate the chance of …
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 tax. Even new business owners can be hit with …
Changing the Owner of a Florida LLC
Changing the Owner of an LLC It’s not uncommon to need to change the owner of an LLC during its lifespan. It doesn’t mean that the owners or the business failed in any way. This can happen when one of the original partners leaves, when …
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 Another Entity When you start doing business as …
LLC vs. Corporation – How Are They Taxed?
Taxation status is one of the most important factors for business owners when it comes time to select their business entity. Navigating all those classifications can get a little overwhelming, but it doesn’t have to be. Let’s start here with the differences between LLC and …
Converting a Florida LLC to a Corporation: What to Know and How to Do It
Your business, like anything else, will have to change as it grows. This is why so many of our clients come to us asking about converting a Florida LLC. Let’s say that you started out as a Limited Liability Company (LLC). But things have changed …
LLC vs LLP – What’s the Difference?
LLC vs LLP – what are the main differences between these two management structures? Many entrepreneurs are already familiar with limited liability companies, or LLCs. What some don’t know is that there is another kind of business entity called a limited liability partnership, or LLP, …
Your LLC and its Florida DBA – The Power of Names
As proud as you might be your LLC’s official name, it might not be the catchiest one available. This is where “fictitious business names” come on. In Florida, fictitious business names are also known as “doing business as” (DBA) names, and they can go a …
How to Own Multiple LLCs in Florida
The State of Florida allows you to own multiple LLCs. However, whether you’re considering forming one for another business or are seeking to invest in different enterprises, there are things you need to know before making that decision. Formation and Maintenance If you already have …
5 Fatal Mistakes That Will Sink Your Business Plan
Bad Grammar Although spoken language is full of slang and double negatives, respected professionals will not be so forgiving when it comes to the language of your business plan. Even honest mistakes like types can count against you in a serious way – no matter …
Introducing Entity Guard
