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I just filed an LLC in the state of Florida. The name is "Alternative Hair, LLC". I want to do all of my branding and marketing under the name "Alternative Hair Co." Or "Alt Hair Co.". It's my understanding that an LLC is a "Co." (company) and that I... View More
answered on Oct 19, 2022
No.
"Corporations" are companies and can use "Co." in their title. They can also use the words "Corporation," "Company," "Incorporated," and "Inc."
LLCs are not "corporations." They are limited liability companies and must use "LLC."
Try to get a d/b/a.
How do I document the entire process and modify the corporation articles?
answered on Aug 12, 2022
It depends on a couple of things. First, what does the operating agreement say about the withdrawal of members. If there is no operating agreement, then the withdrawal has to comply with Florida's LLC act. This isn't an expensive thing for a business lawyer to do, but you should really... View More
What are the legal implications for doing this in Florida? What is the employer or technically landlord responsible for? Thank you
answered on Aug 9, 2022
I have a client that has done this as a franchisee. You have to find a location and negotiate a master lease with the landlord with the landlord understanding that you will be subdividing and subleasing the premises to various subtenants. You need to check that the zoning will allow the intended... View More
The paper restricts all HVAC jobs, both as an owner and employee for a 50-mile radius of a territory where he makes the most money. Im scared to sign it. It's an entire year id be unable to work in the industry if I left for any reason.
answered on Jul 21, 2022
The covenant not to compete will probably be enforceable as it appears reasonable in time, scope, duration and protects the legitimate interest of the owner.
My boyfriend and I started a Handyman business in Jan 2021. At the time, an LLC was established and he was listed as the single member. We decided to set it up that way until it was decided I was staying in FL with him. I do all of the accounting and I was a joint owner on the business bank... View More
answered on Jul 12, 2022
It appears you may have to file suit to establish your rights. Confer with an attorney.
I'm dissolving a Florida LLC and on the form it asks for "A description of occurrence that resulted in the limited liability company's dissolution" and I'm not sure of how to answer.
My operating agreement states:
The Company will operate until terminated... View More
answered on Jun 23, 2022
If the members have decided to dissolve the LLC, you should have a resolution contained in a Consent of Members in Luie of a Special Meeting signed by all members. You can then check the appropriate box.
answered on Jun 2, 2022
If you will have a presence in Florida, you have to domesticate your Ohio nonprofit here in Florida.
I filed an LLC, and then realized I made a mistake, an hour later. Assuming I have to send in an amendment to the state, when does that become legally binding? When does the LLC become recognized as a multi member llc and not as a single member ? I am setting up the LLC to give some of my assets a... View More
answered on May 24, 2022
The articles should be file-stamped to show the date when they received it, even if they are unable to update the web site (Sunbiz, if Florida) immediately.
answered on May 10, 2022
You would want to speak with a Florida Business Attorney and make changes to the LLC Operating Agreement and you would want to make any applicable changes to the Florida Department of State documents as they relate to business and ownership via an amendment probably as well.
answered on Apr 21, 2022
You do not have to register as a member. Your ownership should be reflected in the Operating Agreement.
I will be working under and doing business under a pen name and would like to keep my legal name as private as possible (I know there are limits to this) to separate this business from personal life. When filing for an LLC I understand that you can protect your address with a registered agent but... View More
answered on Apr 14, 2022
You can use series LLC, which would have to be registered in another state (FL does not have such a thing), then you register a business in FL. If you only register in FL, your name will have to be listed as an officer, but in other states it is not the same requirement.
Good luck.
Basically I am taking a short payroll course with NACPB. After I finish the course I plan on running payroll for my brothers business to start off. Once I gain experience I plan on taking in other clients for their payroll needs. I just wanted to know if a CPA license or anything along those lines... View More
answered on Apr 7, 2022
Florida does not require the owners of a "payroll bookkeeping business" to be CPAs.
However, I would bet that the Florida Department of Financial Services in Tallahassee has some level of certification and licensing requirements for this kind of financial because you will be dealing with OPM.
I believe I need to fill out up for an 8832 but not sure what to select.
answered on Mar 24, 2022
It depends on what you mean by having your business tax and personal tax returns filed separately. The following answer has some information that you appear to already know, but I'll give a full explanation for those who don't. The answer you're likely looking for is at the end.... View More
My current LLC sell female fashion apparel, shoes, intimates, & accessories. But there is some businesses that are very similar to mine that I have the right connections to start a new business per that product category or service. Can I run a new similar business under my LLC? Or better yet,... View More
answered on Mar 13, 2022
All income from a LLC is subject to employment taxes. Discuss with your accountant on making a special election for your LLC to be treated like an S corp. This will give you the ability to have a reasonable salary to subject to employment taxes and any excess income treated as a distribution not... View More
I have started a short term rental business and I am trying to scale.
answered on Feb 27, 2022
Rental business/property tends to be a high liability type of business and therefore you need to be sure to keep the business/properties compartmentalized from one another by limiting your potential exposure by separating all your businesses as much as you can. Separate LLC business entities is a... View More
answered on Feb 23, 2022
Legal age in Florida is 18. You can work at 17 but there are restrictions as to how early/late and how long you can work in a day.
Sole proprietorship simply means you work for yourself without the protection of a legal entity. You could do that. You will have difficulty entering into... View More
Money.. or does it come to me
answered on Feb 11, 2022
It's very unclear what you are asking about. Are you asking about your husband writing a will which would leave his assets to your son when he dies?
I'm starting a business in Florida and planning out my business name. I'd like the business to be known by an anacronym and by its full name. Do I need to register two DBAs?
Specifically, it's a ceramics business that I want to call "St. Lucie Inlet Pottery" or... View More
answered on Feb 10, 2022
I think you mean "acronym".
https://en.wiktionary.org/wiki/acronym
Specifically, I'm starting a business in Florida as a sole proprietor and want my business name to be my first initial, last name, and the word "Design" e.g. A. Smith Design. Do I need a DBA for this or does this meet the requirement for use of my legal name?
Advice is greatly appreciated.
answered on Feb 10, 2022
See F.S. 865.09 here: http://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute&Search_String=&URL=0800-0899/0865/Sections/0865.09.html
I would like to become a day trader of stocks and cryptocurrencies and saw S Corps may provide many tax benefits. I live in Florida. Would an S Corp allow me to pay less taxes / should I incorporate overseas in a tax haven such as the Cayman Islands?
Thank you,
answered on Feb 8, 2022
An S corp is superior to a regular or C corporation or a limited liability company. You would form a Florida corporation and within 75 days complete and file IRS Form 2553 with the IRS. Assuming your venture is profitable, you may be able to pay yourself a "reasonable" salary (subject... View More
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