How to Convert or Domesticate a California Corporation to Florida to Save Money on Taxes
Relocate, Transfer, Convert, or Domesticate a California Corporation to Florida Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Domicile a California C or S Corporation to Florida; Keep the same EIN and corporate identity; and Enjoy tax benefits provided to Florida residents. Entities: California Corporations …
6 Common Questions About Florida S Corporations
6 Things You Need to Know About Florida S-Corporations and S Corporation Election There are a lot of misconceptions out there about Florida S corporations. For example, many business owners don’t realize that it isn’t a type of business entity. Rather, Florida S corporations are …
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 are practically a job in and of themselves. Even innocent …
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 …
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 be best of your abilities, there’s always the concern that you forget to hold on to more than …
Setting Up a Business in Florida: 7 Questions to Ask
7 Questions to Ask Before Setting Up a Business in Florida 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 …
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 your corporate entity will impact you …
5 Situations Where You’ll Want Small Business Advice
There’s no shame in asking for a little help now and then, especially when it comes to ensuring the success of your business. You probably had a lawyer help with the formation of your company. But attorneys also assist with commercial leasing, licensing, employment, and …
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 …
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 …
Introducing Entity Guard
