Tag: Corporation

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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