Wednesday, June 17th, 2009 at
8:05 am
Florida is the state that forms the most limited liability companies over any other state. This is a combination of Florida being a tax friendly, an asset protection friendly state, a pro business state, and one with lots of real estate activity (an LLC is the ideal vehicle for holding, developing, and/or renting property).
The Florida Limited Liability Company Act is also one of the first to be adopted in the US. It has been constantly improved throughout the years.
Florida LLC Formation requires that a filing be prepared and submitted with the Department of State. The filing must contain certain statutorily required information. A Florida resident registered agent is also required to be appoint and continuously maintained.
The LLC Expert has a special Florida division dedicated to providing services for forming an LLC in Florida. Visit us where you can get Florida specific LLC information: http://www.FloridaLLCFormation.com
Monday, June 15th, 2009 at
1:41 pm
One of the unique benefits of a limited liability company over a sole proprietorship is longevity when it comes to the life of a business.
A sole proprietor is inextricably associated with the sole individual owner and so when that owner dies, the business really dies. It becomes a bit of a legal nightmare to determine how to handle the business of a deceased owner. Many times, because of this problem, thriving businesses face major issues and sometimes are forced to go out of business.
A limited liability company is a legal person separate and apart from its owners so its life and its ability to conduct and continue running its business operations are not affected by the capacity or death of any owner.
Just as you as an individual should always focus on longevity now for your body and overall health, you should always be thinking about what you can do for your business to ensure it remains healthy and self sufficient regardless of issues that may come up with owners or employees.
The first step is to operate your business through a separate entity such as an LLC. Then, you should always have longevity principles and goals in mind when making decisions about your business and its operations.
Wednesday, June 10th, 2009 at
8:10 am
Florida forms more limited liability company entities than any other state. This is a combination of the state being very business, tax and asset protection friendly.
Florida was one of the earlier states to adopt a Limited Liability Company Act back in 1982 and since then, the Florida legislature has made several major changes to the laws to make it even more beneficial for business owners to operate through this type of legal entity.
It is quite inexpensive to form and maintain a Florida LLC. Current filing fees to get one formed on an expedited basis are around $130 and annual fees are less than $100 a year if paid on time.
The LLC Expert has been very active in forming Florida limited liability companies and recently set up a specialized Florida expert division to focus on servicing our Florida customers and keeping up to date with the rules and processes in the state.
We also have a Florida specific website where you can access Florida articles and learn more about Florida LLC Formation and services to form one in 3 Business Days- stress free, hassle free and guaranteed.
Monday, June 8th, 2009 at
9:12 am
If you have not seen the press lately, there have been many articles discussing a wave of entrepreneurship by necessity. Many educated and experienced men and women are finding that in this job market, it may be easier to set up their own business to create a level of income for themselves.
Because a limited liability company is so inexpensive and relatively straightforward to form and maintain, the costs to start a business can be very low. And the rewards can be significant. While these people start to think about this by necessity, many are finding a true blessing in this activity.
We have customers who are already replacing their old income with consulting and services based businesses. Others are writing in raving about their increased fulfillment in doing something they really have passion for.
Many are still employed but well aware of the insecurity of the market. They are creating LLC businesses as a part time endeavor to add another income stream and a financial cushion in the even they later lose their jobs.
For more information on LLC formation, which is the first step to starting a business, visit our LLC Learning Center.