Pros and Cons of LLC in Florida: Everything You Need to Know
Want to know the pros and cons of LLC in Florida? Here is a helpful guide that can help you decide whether to establish your own LLC in the Sunshine State.3 min read
What Is an LLC?
A form of legal structure available for business owners in Florida is a limited liability company or LLC. Operating as an LLC, business owners, also referred to as members, can expect the same tax and management advantages along with other benefits that other businesses operating as a partnership or sole proprietorship enjoy. Still yet, a fairly new business entity, such as an LLC, can expect some uncertainty in regards to legal formalities that may or may not meet the members' needs and expectations.
The Benefit of Operating an LLC in Florida
One advantage of operating a business as an LLC in Florida is that the LLC is free from taxation on the state level. Another advantage is the fact that on the federal level, members have an option of deciding its own tax treatment. LLCs are treated as disregarded entities for tax purposes by the IRS.165px;" class="adsbygoogle">