What is a Virtual Address?

When you register your business in Florida, you have to supply three addresses: your principal address, registered address, and mailing address. Business owners who do not have a physical storefront can run into problems with the first two. For starters, your company’s addresses are a matter of public record. It’s sensible to keep your home address private. Unfortunately, you are not permitted to use a P.O. Box for Read More

There Are Options Besides Using Your Home Address For Your Business

If you’re one of the countless Floridians who decided to start an e-business in the doldrums of the COVID-19 pandemic, Bryant Taylor Law applauds you for your initiative and bravery. The e-commerce explosion that occurred out of necessity will never fully subside. As a result, there has never been a better time to begin selling your products or services online.  At some point, you should consider incorporating your Read More

One LLC for Each Rental Property? Or Not?

In our two previous blog posts, we discussed the basics of holding companies and the merits of using them to hold title to real estate properties. We explained, in the most recent blog, that the optimal structure to use in this context is the limited liability company (LLC)—mostly due to the protection your personal finances get.  Many real estate and legal professionals advise real estate investors to form an LLC Read More

Should I Form a Company to Own Real Estate?

Many business-minded Floridians find that investing in real estate is one of the most effective (and tax-efficient) ways to make money from a stable source of passive income. With minimal effort, real estate owners can set up entities that also allow them to enjoy limited personal financial liability in case investments go south. For that reason (and many others), Bryant Taylor Law often recommends potential Read More

What is a Holding Company, and How Can it Save You Taxes?

Some of the most widely known and successful companies never make a single product or provide any services. Consumers will never cut a check to these companies. How can this be? Well, the reason for this is due to the existence of holding companies. Holding companies are businesses that exist to hold assets. These assets can include hedge funds, intellectual property, and even (or especially) other companies. Read More

How Can an LLC Raise Money?

On the top of every business owner's mind as they try to help their startup survive is capital. No matter what structure you choose for your business, there will be significant challenges associated with getting the money you need to keep your company operating. As the limited liability company (LLC) is a rather popular structure among entrepreneurs, we will focus on some ways that LLC owners can raise money for Read More

When do Business Owners Become Liable for Company Debt?

Typically, the most reliable indicator of whether or not you will be personally liable for your company’s debt has to do with the legal structure of the company itself. Sole proprietorships, which are the choice for many first-time entrepreneurs and small outfits, are quite easy to set up but do not offer protection for owners when it comes to personal liability.  On the other end of the spectrum, corporations Read More

Single Member vs. Multi-Member LLC in Florida

Many first-time and seasoned entrepreneurs alike often choose to structure their companies as a limited liability company (LLC). This legal structure combines many of the favorable characteristics from sole proprietorships (one end of the spectrum) and C-corporations (the other end). Owners are referred to as members in the context of LLCs; depending on your particular situation, you might prefer to be the sole Read More

2020 Changes to Florida’s Corporations Act

The Florida legislature has been busy updating state laws governing various businesses the past few years; recently, the Florida Revised Limited Liability Company Act (FRLLCA) was passed. In January, the New Chapter 607 went into effect. This update is more commonly known as the Florida Revised Corporations Act, which amended parts of nearly every section of Chapter 607. This blog will give an overview of just a few Read More

Manager-Managed LLC vs. Member-Managed LLC

The limited liability company (LLC) structure remains a popular choice among entrepreneurs looking to start their own business. This type of business combines desirable elements of corporations with sole proprietorships. Differing from corporations, though, LLCs are not required to have Board of Directors making and voting on important decisions related to the direction of the company. Instead, the owners (called Read More