4 Business Entities That Your Florida Partnership Should Consider
A partnership is exactly what is sounds like – a business owned by two or more people who share in the business’s profits, losses, and responsibilities. Each partner typically commits to participating in the business as a whole rather than their own segment of the …
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
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 raising capital. Here are some of the ways …
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, 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 and understand just what it is that they …
How to Find the Right Time to Sell a Florida Business
Deciding to sell a Florida 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 make. Below we have a few of the most …
The Benefits of Creating a Florida Rental Property LLC
The Benefits of Creating a Florida Rental Property LLC Too few landlords in Florida know 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 for …
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 for enjoying LLC liability protections, and it makes …
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 exemption for charitable organizations comes with …
Introducing Entity Guard
