LLCs & S Corporations

Setting up a business is exciting. But, choosing between LLCs, Sub chapter S, or a full corporation can appear to be complicated. In many cases you want to best plan how to protect your personal assets from the company liabilities. This can be tax liabilities, business debt or legal settlements. But, you also need to understand the needs of the individual owners if there are more than one. One may have a income requirements while another may want to reduce income. Choosing an LLC versus a Sub Chapter S entity is an important first step. Together with your tax advisor I can help clarify the better choice.

The important thing to understand is an LLC or S Corporation are tax entities and not business structures. Beyond the initial creation of your company you also need to consider the documents you’ll need to fulfill the legal requirements of your corporate registration. Florida has an annual reporting requirement. And, in order to ensure the protection of your assets, there are requirements such as annual board meetings, stockholder filings, intellectual property protection, employment agreements, and buy/sell agreements.

I help my clients form corporations (including Subchapter S corporations) and limited liability companies. I will discuss with my clients the pros and cons of each type of entity and help them determine which type of entity will best serve their needs. My services include:

• Filing the appropriate documents with the Florida Division of Corporations

• Obtaining and preparing a company book and stock/membership certificates

• Preparing any necessary shareholder agreements, buy-sell agreements or operating agreements

• Register a fictitious name and/or trademark, if necessary

I’ve worked with many clients starting new businesses, or bought and sold businesses, to help protect their personal financial assets. To find out more about how I can assist you with the formation of a corporation or LLC, please call me today at 386-585-8027.