Different states have distinct rules regarding the ownership of a property through a legal entity, such as transferring the title of real property to a limited liability company (LLC). Although Florida offers several tax advantages,…
With year-round warm weather, tax advantages, and a pro-business environment, the state of Florida is an excellent place to own a business. Forming a business in Florida requires strategic planning and accurate execution, especially when…
When forming a limited liability company (LLC) in Florida, the future owners of the business must file the company’s Articles of Organization with Florida’s State Department – Division of Corporations. Once the company is registered,…
When a corporation is originally formed with the Florida Division of Corporations, it exists as a C Corporation. Unless the corporate shareholders decide otherwise, the company will remain as a “C-corp” throughout its existence. Nonetheless,…
In the United States, some states accept community property while others do not. The term “community property” is generally applied to any asset acquired by either spouse during a marriage, making it a property of…
A limited liability company (LLC) is a business structure where the owners (also referred to as “members”) are not personally liable for the company’s obligations or debts. Instead, each member is limited to the amount…
A limited liability company (LLC) is a hybrid business structure that reunites the limited liability aspect of corporations with the flexibility of partnerships. At a glance, it is not hard to identify why it is…
Flexible by nature, limited liability companies (LLCs) are the favorite business structure of small business owners in Florida (and nationwide, perhaps). However, while the business advantages of limited liability companies are well-known, the estate planning…
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