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
Thinking about starting your own business with a friend? Have you already started one, only to find out that you don’t quite see eye to eye on major issues? The best way to solve (or avoid) partnership disputes in Miami, FL is to clearly define your partnership at the outset—and that requires help from an attorney. Here’s how to handle or avoid partnership disputes in your business: A written partnership agreement: Every business owned by two or more people needs a written partnership agreement. The format may change depending on your business structure, but the general idea is the same.... View Article
Mergers and acquisitions are often mentioned together in corporate law in Miami, FL, and laypeople often assume the terms are interchangeable. However, they refer to completely different legal processes. Even if you do not run a company, chances are you work for one or buy products from them. That makes it important to know the difference—you will know what to expect if you discover your employer or favorite producer of consumer goods faces a merger or acquisition. Here are the differences. Acquisitions Mergers and acquisitions have the same goal: to make a business more profitable. Both of these options support... View Article
A Limited Liability Company (LLC) is the best option for startups because it contains all the protections of a corporation without the complex maintenance. You can form an LLC as one person or if you have one partner—it does not have to be a large company (although it works for big businesses as well). Here are the steps you need to take for LLC corporation formation in Miami, FL: Choose a name: Your business requires a unique name that must contain the initials “LLC” or state “Limited Liability Company.” Most company names have LLC following their primary name (for example,... View Article
When you start a new business, one of the first steps you need to take is determining the business structure you will use. Forming a corporation is more complicated than, say, forming a sole proprietorship or partnership, but so long as you go through all of the appropriate steps, you’ll be able to have your new corporation up and running in no time. Here’s some information about contract law in Miami, FL to help you get your corporation started: Choose your business name: Choosing a name for your new corporation is a natural first step. You’ll need to make sure... View Article
