As the oldest business organization in the world, you might think that a general partnership is the best type of organization to choose, but actually, this couldn’t be further from the truth. Without the right insight and skill (and a degree of luck), your organization could fall prey to a whole host of traps with […]
What Are the Tax Advantages of Forming An LLC?
Affording business owners the greatest degree of flexibility, LLC operating agreements include management provisions and buy-sell provisions, which make it a popular entity top own real estate, boats and airplanes. It’s also popular among foreign citizens seeking to render services or sell products. Here’s a more in-depth look at LLC’s and its potential tax advantages: […]
How Do You Form a Non-Profit in Florida?
As with starting a business in Florida, if you’re thinking about forming a non-profit, it pays to conduct plenty of research before doing so; that way you can be sure of exactly what will be required of you, and what steps you need to take to get it registered. You should also start thinking about […]
Why Business Tax Planning Should Be More Than a Year End Exercise
Helping businesses to greatly reduce the amount of taxes they owe, tax planning is an important task that’s often confused with tax preparation; however, the two are entirely different things. Tax preparation is when you – or a tax professional – arranges your taxes for quarterly or annual filing, while tax planning helps you to […]
Why All Florida Entities Must Appoint a Registered Agent
Whether you’re running a non-profit, corporation or LLC in the state of Florida, you’re required by law to appoint a registered agent, who will accept ‘service of process’ from the state on your behalf. Why, you might ask? If you’re ever required to be notified by the state regarding a lawsuit or upcoming annual report […]
The Pros and Cons of Changing Your Business Name
There are many reasons why a business owner might want to change the name of their company, but it’s important to carefully weigh up the pros and cons before doing so: What are the pros of changing your businesses name? It might be that you had to come up with a name for your business […]