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Limited liability corporations (LLCs) were and remain an attractive option for those with entrepreneurial ideas who want to start a business. The process of starting an LLC is not as time- and money-intensive as corporations, and it features pass-through taxation. In 2014, the Florida Revised Limited Liability Company Act (FRLLCA) went into effect, and on … Read more
A single member Limited liability company (LLC) is a business entity that offers both liability protection and tax benefits. However, a LLC involves a cost to properly establish and paperwork that is not required with a sole proprietorship. This may lead one to ask—is the single member LLC a good idea? From a business lawyer’s … Read more
Forming a Limited Liability Company (\”LLC\”) is fairly straightforward in Florida, and only requires a few steps to get you up and running. Before deciding on an LLC, you should know that this is a type of business entity that offers liability protection for its owners. Although an LLC is a relatively new type of … Read more
A non-profit corporation is a business entity that provides a benefit to the public. In exchange for the public benefit, the corporation is exempted from paying taxes on the money the corporation receives. We previously discussed how to form a business in Florida, but here are the steps to forming a non-profit corporation in Florida. … Read more
Florida recently passed legislation that will result in a re-write of Chapter 607 of the Florida Statutes otherwise known as Florida\’s corporate statutes. This is the first re-write of the corporate statutes in more than 30 years. The new changes are expected to address several topics such as corporate document filings, proxies, service of process, remote participation … Read more
What is an Operating Agreement? The LLC’s most important yet overlooked document is the operating agreement. An operating agreement is a formal document that describes how a Limited Liability Company (“LLC”) will operate. It typically describes how the LLC adds new members, the voting powers of the individual members, tax treatment, or how the members … Read more
One of the most overwhelming steps to owning a business is actually starting the business. The following is a step by step on how to start a business in Florida. How to Start A Business in Florida Step 1: Develop A plan It may sound cliché, but any successful business formation starts with a plan. … Read more
Behind every business is the idea that started it all. Many people believe these ideas occur by mistake or coincidence. This is not true. It takes more than just sitting on the couch waiting for an \”ah ha\” moment. It takes patience, effort and time. The good news is anyone can form a business idea. … Read more
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