Business Incorporation
Business Incorporation
As a business owner, investor, or philanthropist, safeguarding your assets from legal action and minimizing your tax burden are essential goals.
At our CPA firm, we offer expert advice on choosing the most suitable entity for your specific requirements. We carefully study every scenario, considering factors such as the entity’s purpose and how it can be dissolved, to ensure that you make the right decision.
We will also take care of applying for the federal tax ID and registering the company with Florida for the collection and submission of sales tax, as well as paying reemployment tax.
There are various options to consider when incorporating, such as:
- Limited Liability Company (LLC)
- Limited Partnership (LLP, LLLP)
- Profit Corporation (Inc, PA)
- Non- Profit Corporation
- Fictitious Name Registration
Sub Chapter S Election
A Limited Liability Company or Incorporated business has the option to be treated as a Sub Chapter S Corporation (S-Corp) by submitting Form 2553 with the IRS within the appropriate time frame. The standard procedure for making this election involves submitting form 2553:
- No more than 2 months and 15 days after the beginning of the tax year the election is to take effect, or
- At any time during the tax year preceding the tax year it is to take effect.
