A Limited Liability Company (LLC) is a business structure that combines the features of a corporation and a partnership. LLCs can be used to run a business or to hold assets, and they protect their owners, called members, from personal liabilities. This means that if the LLC goes bankrupt or is sued, the members’ personal assets, like their homes, cars, and savings, are not at risk.

Additional benefits of forming a Florida LLC include:

• Forming an LLC is relatively inexpensive and involves filing articles of organization with the Florida Department of State, Division of Corporations. Once formed, LLCs require minimal paperwork to maintain.

• LLCs can choose to be taxed as a corporation, which may result in significant tax benefits.

• LLCs can pass taxes through the business and have the owners pay them on their personal tax returns.

• LLC founders can create an operating agreement that outlines how the company will be run, including self-imposed accountability measures.

• LLCs aren’t required to have a specific number or type of members.

• LLC members can agree on how to distribute profits, such as giving a larger share to someone who contributed more money or labor during the startup phase.

Forming a Florida LLC can be a confusing process. If you are considering starting a business, it is best to seek the advice of a professional. A professional will be able to answer all of your questions and help you make a decision that is best for your business.

Our Florida business formation services can help you protect your assets, gain credibility and save on taxes. We assist with various business filings in a dependable and timely manner and keep your business in compliance with the State of Florida.

Florida Business Formation Services

Whether you’re a real estate investor or a small business owner, the Model Accountant will help you choose and maintain the right type of structure to meet your needs, whether it be a single member LLC, multi-member LLC or an S-Corporation. With a background in accounting, business & taxation, we can file the necessary paperwork to form your business, and help you take advantage of the built-in tax benefits for your business structure. Get started by calling 305 307-8322 or sign-up for a free 30-minute discovery call!

Disclaimer: The Model Accountant, LLC is not a law firm, does not hire lawyers and cannot give legal advice. This website and the services provided by The Model Accountant, LLC are not a substitute for legal advice from a qualified lawyer. You should always consult with a qualified lawyer for all your legal needs.