Category Archives: Limited Liability Company

Investment Property

Post Image

Use an LLC to Protect Your Property A lot of people have rental property or vacation homes, but don’t to consider the risks. While having a vacation home signals success, it can also put a target on your back.¬† Renters see you as “rich” while attorneys see you as having “deep pockets”!¬†Setting up a Florida limited liability company and moving that property into the LLC can protect you and your assets. Have a questions? Give […]

Continue reading

When to register your corporation in Florida

Post Image

If your business has a physical presence in Florida then you must register your corporation with the State of Florida, regardless of where the corporation was formed. If you also happen to be a Florida resident, then there is a good chance that being registered anywhere else could actually be detrimental to your business and expose you to additional, unnecessary liabilities. If you doing business in Florida but are registered in another state, or are […]

Continue reading

Corporation or a limited liability company?

Post Image

Most people starting a business ask “should I be a S corporation or a LLC?” The real question, however, is “should I be a corporation or a LLC?” Corporations and LLCs are legal entities created under state law and offer the protections provided by state law. Whereas, a S corporation is a tax designation filed with the IRS … what make matters more confusing is that a LLC can be classified as a S corporation […]

Continue reading

Protection by Corporations and LLCs for Personal Services

Post Image

I was recently told by an individual that they had formed an LLC to protect their assets from liabilities and lawsuits associated with the work they were doing through the LLC. The work they were providing was personal services in the medical field. Unfortunately for them, the LLC would be of little protection. It may protect you personally from a breach of contract, however, as a professional we are all responsible for our own actions. […]

Continue reading