Tag: business

Investing in Florida

Generally, there are five types of corporations in Florida: C corporations, S corporations, Limited Liability Corporations, Partnerships, and Sole Proprietorships. Florida LLC What is it? The three letters “LLC” go at the end of a limited liability company’s name and actually become part of its official name. A limited liability company is a legal entity…

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Florida LLCs

What is a Pass Through Entity? Most small business owners form what are called “pass-through” entities. Sole proprietorships, partnerships, LLCs and S Corporations are pass through entities for federal income tax purposes.  A pass through entity is a special business structure that reduces the effects of double taxation.  Pass through entities do not pay income taxes at…

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Terminating a Commercial Lease

The Lease Agreement In any landlord-tenant relationship, the most important document is the lease agreement.  The lease agreement is the contract between the landlord and tenant that lays out the terms of the lease.  These terms include payment, duties, liabilities, utilities, renewal, conditions, and termination.  To be enforceable, the contract must be signed by both…

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