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Corporate Amendment LLC

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Corporate
Amendment LLC

Get Started for $

Create your new company in the state of Florida for only $599.* A Professional will help you choose the best type of company for you. Could come handy if you want some tax benefits and liability protection.
* government and state fees charged separately

Start Now

Florida is a great place for new companies. Many people choose Florida for it’s State Tax Policy which is No State Income Tax. That’s right, people in Florida don’t pay a state level tax. This comes in handy if your new company files as a pass-through type of company. Just ask us how. Step into your nearest location today!

Create Your New Company Today

  • Only $599 Service and Processing Fee
  • 1 Year Free Registered Agent Service
  • SS-4 EIN Request
  • State fees depend on what type of company you choose.
    • - CORP
    • - LLC
  • Optional: Corporate Book with Certificates $100
  • Free Consulting

Advantages of Forming an LLC in Florida

Pass-through taxation. LLCs typically enjoy pass-through taxation where the members (owners) report their share of the LLC’s profit or loss on their individual tax returns. Any tax due is then paid at the individual level. In most cases, the individual tax bracket is lower than the corporate tax bracket.

Multi-member LLCs file an informational (partnership) tax return for the LLC, while single-member LLCs report all income or loss on Schedule C. Pass-through taxation sidesteps the double taxation incurred by C corporations when income is taxed at the corporate level and again at the individual level if corporate profits are distributed as dividends to owners (shareholders).

Flexibility LLCs generally have no restrictions on the number of members allowed, and members have flexibility in structuring management of the company. Florida LLCs can also select varying types of distribution of profits. Unlike a common partnership where the split is 50-50, an LLC has room for much more flexibility.

Fewer formalities. The LLC business entity requires no corporate minutes or resolutions, making it easier to manage. Holding annual meetings of members and documenting major business decisions is still recommended, however.

Subsidiaries. Unlike Florida S corporations, Florida LLCs are allowed to have subsidiaries without restriction.

Advantages of a Corporation

  • Limited Liability
  • Unlimited Growth Potential (through sale of stock)
  • No Shareholder Limits
  • Certain Tax Advantages

Disadvantages of a Corporation

  • Double Taxation
  • No deduction of corporate losses
  • Higher Tax Bracket
  • Certain Tax Advantages

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