An S corporation is a specific type of corporation formation that chooses to be taxed under Subchapter S regulations in the tax code. To qualify for S corporation structure and taxation, you’ll first need to create a limited liability company (LLC) or corporation. There are a variety of benefits to choosing an S corp structure for your Florida business. S corps get limited liability protections, meaning they’re treated as separate legal entities. Shareholders of S corps are protected from the debts and liabilities of the company, so they do not have to worry about being held legally liable for the... View Article
When a person dies with a will, that’s only the first step in distributing their assets. The person they named as their personal representative (also known as an executor) must file the will and initiate the probate process, if necessary. Here’s what you need to know about estate planning in Miami, FL. Recording the will Generally, it is unwise to record a will before a person dies. Wills become public documents, which means that it could jeopardize their privacy—the general public would be privy to their assets as well as their end of life wishes and who they choose to... View Article
Choosing your business structure affects a number of things, including your personal liability, tax structure and more. Many business owners decide to incorporate in Miami, FL. While you can do it on your own, it’s wise to work with a corporate attorney. This will ensure that all the paperwork is done properly, and both your business and personal assets will be protected. Here’s an overview of the corporation formation process. Choose the right type of corporation First, you need to decide which type of corporation is right for your business: S corporation: This business entity allows the corporate tax returns... View Article
The rise of cryptocurrency has given estate planning attorneys in Miami, FL something new to be concerned about: what are the best practices when leaving your digital investments to your heirs? Too many people have belatedly found out that their loved ones have died with Bitcoin and other cryptocurrency, now worth millions, with no way to access it. Alternatively, they may never realize that the deceased owned any cryptocurrency at all. Whether you’re a seasoned cryptocurrency investor or just dabbling, it’s important to work with an estate planning attorney. Don’t risk letting your investments languish in inaccessibility. Put your cryptocurrency... View Article
Any time you transfer property, whether buying, selling or inheriting, you’ll deal with a deed. A real estate deed is a legally binding instrument that determines title and ownership. There are several types of real estate deeds that you can use in Miami, FL. Since not every deed is appropriate for every situation, it’s important that you consult a real estate attorney in Miami before transferring property. Otherwise, you could run into issues that affect who legally owns the property. Here’s an overview of the main types of real estate deeds: General warranty: General warranty deeds are the most common... View Article
