In the United States, the incorporation or formalization of a business must be done by a trained professional who knows what kind of legal structure to take and knows the tax impact of the new business.
Our corporate services are intended to teach and inform you of the advantages, disadvantages, tax consequences and impacts of your new company; whether this is your first or one of many. In conjunction with our knowledge of tax laws, tax returns and the wide range of accounting services we manage, we will develop a comprehensive plan that will enable your company to grow rapidly in the U.S. market.
Also known as (Sole) is what the Internal Revenue Service (IRS) considers all who operate a business that is not a formal corporation.
This is when one or more persons join and form a business in which the two share the earnings and losses. This is a business that has not been officially incorporated as a corporation in front of the Division of Corporations of Florida and has not signed any agreements of a society.
Limited Liability Company (Limited Responsibility)
A Limited Liability (LLC) is a hybrid between a Partnership and a Corporation. The LLC is a formally incorporated company that differentiates itself from a Partnership in which the owners (named members) are not personally responsible for debt to third parties with the exception of labor debt, in which the IRS can go after the personal assets of the members. On the other hand, an LLC is different from a Corporation in which the earnings and losses are transferred over to the members via a Schedule K-1. Meanwhile in a Corporation remains the property of itself.
A corporation is a legal entity created under the laws of the State of Florida that have all the rights and duties of a natural person, but who has the privilege of limited liability, centralized management, a period of indefinite or long-term and have the option to transfer their interests.
Types of Corporations:
– C Corporation
– S Corporation