Limited Liability Company (LLC)

How Fresh Legal Perspective Can Help You

When building a new business, it is vital to lay a solid foundation. At Fresh Legal Perspective, we can provide the legal counsel that you need to decide the best way to set up your limited liability company that will benefit you now and in your future success. With both business and tax law backgrounds, we will provide advice from both of these important perspectives.

We will guide you through considering the different tax election options and the various decisions involved in your company’s management structure. We will also work together to determine which other agreements and contracts may be needed to protect your personal and business legal interests, and we will provide you the information needed to legally and properly operate your business in the state of Florida.

Call or e-mail us today to schedule an appointment and take the first step to laying a solid foundation for your business and your future.

Tax Status

The IRS created rules that allow limited liability companies to “check the box” and decide how the company will be taxed. A limited liability company may elect to be taxed as an S-Corporation, C-Corporation, Partnership, or disregarded entity. Each of these four (4) options have advantages and disadvantages for the business and its owners. When creating the business structure, we will help you evaluate which tax status will be best for you based on the tax needs of the business owners.

Management Structure

The Florida legislature empowers limited liability companies to make a choice to either be controlled by the members of the company or to be controlled by managers for the company. While having options provides versatility for the company’s leaders, this decision has a significant, long-term effect on who will be able to make decisions on behalf of the company and how those decisions will be made.

Organizational Documents

In order to operate in the state of Florida, every limited liability company must have Articles of Organization identifying such information as the name of the business, its address, its registered agent authorized to accept legal service for the company, and members or managers of the company.

To enjoy some of the protections of the limited liability company structure, it is best practice to have organizational documents like Operating Agreements and Shareholder Agreements. Operating Agreements are the limited liability company equivalent of corporate bylaws. Business owners can use an operating agreement to creatively and clearly set forth the internal operations of their business.

Fresh Legal Perspective will help craft the organizational documents that will be beneficial for your limited liability company.

This portion of the site is for informational purposes only. The content is not legal advice.