Do I Need to Create A Florida LLC?

Florida LLC“Do I need to create a Florida LLC, or Corporation?”

If you conduct business in the State of Florida, then the answer is YES!

For over 100 years, corporations have been in existence, and Limited Liability Companies (LLCs) have been in existence since 1982. Florida LLCs gained popularity in 1999 after the repeal of the Florida corporation income tax on LLC’s income and further government initiated tax breaks.

Issues involving taxes and asset protection are the main reason you should consult with a Florida Corporate Attorney when forming your business. A Florida Corporate Attorney will be able to explain the differences between the different types of companies and assess which type best fits your individual needs.

One of the principle purposes of creating a company is for asset protection. When you create a Florida LLC or Corporation, especially if you are a single-member Florida LLC, you should be separating your corporate assets from your personal assets, including real estate, cash, and other assets. This is creating what is called the “Corporate Veil.”

By separating your assets, you are limiting the ability of creditors to access your personal assets for debts owed by the company. These debts may include unpaid bills, Court judgments, liens, etc. If you do not properly separate your assets, then you risk the chance of never creating the “Corporate Veil” asset protection.

Employment in Jacksonville Third Best in the Nation

Employment in Jacksonville | Business Law Attorney Jacksonville, Orlando, Miami, Florida | Doing business in FloridaForbes magazine has named Jacksonville, Florida the third best city to find employment in the United States based on information provided by Adecco Staffing U.S.

Employment in Jacksonville is seeing the heaviest growth in the areas of higher education, health care, IT services, food services, transportation and government work from the three military bases. The city is also seeing the addition of several companies and headquarters, especially in the areas of finance and manufacturing.

These new businesses like Jacksonville as a location because it has a diverse and highly educated labor force, with multiple colleges in the city including the University of North Florida, Jacksonville University, and Florida State College of Jacksonville.

If you are interested in starting a company in Jacksonville or employment in Jacksonville, contact Boyer Law Firm’s business law attorneys today.

Source: Forbes

*Image courtesy of Stockfreeimages.com

Jaxport Looking for New CEO

JaxportThe Jacksonville Port Authority (JAXPORT) is looking for a new CEO, and a state representative and the current interim CEO both want the job. The position opened last month when the former CEO Paul Anderson left to take the top post at the Tampa Port Authority.

Jaxport is a full-service, international trade seaport in Jacksonville, Florida. It handles containerized cargo, automobiles, recreational boats and construction equipment, dry and liquid bulks, breakbulk commodities, and oversized and specialty cargo.

The facilities owned by Jaxport include dock and wharfs, cranes, a passenger cruise terminal, warehouses, paved open storage areas, and road connections to the public highway system. Their mission is to contribute to the economic growth and vitality of Northeast Florida by fostering and stimulating commerce through the Port of Jacksonville.

Here at Boyer Law Firm, we have assisted clients through the processes of trade, importing and exporting goods, and customs law. If you need help with any of these areas in Jacksonville or other parts of Florida, please contact us today.

Sources: Jacksonville Business Journal ; Jaxport.com