Beginner’s Guide to Filing Business Taxes in Florida Tax compliance can be a hassle, especially when you’re juggling a busy schedule and the demands of running a company in the Sunshine State. Overwhelming as it may be, filing business taxes in Florida correctly is key to setting your small business up for success. But where should you start? Our guide …
Renewing your business entity status is crucial to maintain the legal status and operational continuity of your business. As a corporate lawyer and small business owner, I want to share some information that will help you renew your LLC in Florida this year (and every year) and offer a few insider tips to make the process go more smoothly. Which …
The day you set up a limited liability company (LLC) is like your business’s first birthday. It’s big enough to stand on its own, growing bigger by the day, and facing challenges it’s never met before. However, mistakes lurk around each corner of LLC formation in Florida, so we’re here to help you get it right the first time. What Are …
You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …
There may come a time when a relative’s behavior warrants their removal from your estate plan. Such a decision normally does not come lightly, and the person seeking to make the change has often agonized over the decision for several weeks (if not months). Completely disinheriting an heir in the immediate family, such as a child or grandchild, should be …
Most people consider themselves too young to start estate planning. It’s something their parents should think about, or their grandparents need to do. The truth is that there are advantages to estate planning at different ages — and significant drawbacks to putting off the task for another day. Every generation has different priorities and circumstances, but they all have one …
There’s a new standard in place for virtually every company incorporated or registered to do business in the United States. Beginning on January 1, 2024, all legal entities and organizations are bound by the Corporate Transparency Act, which requires them to disclose information about their owners, officers, and controlling persons. Read on for an experienced business attorney’s recommendations on compliance with the new …
Filing your taxes for the first time can be overwhelming. The good news is that a little preparation can reduce a lot of the stress and anxiety new filers experience at tax time. Here, our legal practice breaks down the key steps and offers a peek behind the curtain, exploring best practices for record-keeping and minimizing tax liability. This intro …
Many couples share the same home, finances, and children for decades without ever walking down the aisle. While you may not need a piece of paper to define your relationship, the law unfortunately does—and without proper estate planning for unmarried couples, your partner could lose everything at the same time they lose you.The good news is that you don’t need …
S Corp Tax Saving Strategies: Smart Planning and Words of Warning Small business owners operate on slim margins, so it’s only natural to look for ways to save money. If you’re an owner of an LLC, you could reduce the amount of taxes you owe by electing to become an S Corporation (S Corp), a popular business structure that couples …
