Florida Corporations & Florida LLC's
FLORIDA PROFESSIONAL ASSOCIATION (P.A.)
$131.95.00 Florida P.A. will include:
Corporation BookSpeed of service We normally get you your documents in about 1 to 3 weeks. If you need your corporation completed quicker we have the following speeds:
Same day incorporation additional $200.00
Next day Incorporation additional $100.00
3 Days Incorporation additional $55.00$131.95 CLICK HERE TO FORM YOUR FLORIDA P.A. NOW FLORIDA P.A. $131.95
A professional association is a person or group of people, all of whom are required by law to be licensed in their profession or to acquire other legal authorization, incorporated for the purpose of rendering the same professional service to the public.
Those who are allowed to form professional associations may receive several tax benefits over operating as a sole proprietorship or partnership while at the same time avoid filing a Schedule C with their own IRS form 1040. Expenses that most businesses incur or needlessly avoid because of cost can create huge benefits and tax deductions.
Take for example, the escalating cost of health care which makes it necessary for people to carry health insurance. Sole proprietorships and partnerships currently may deduct only a portion of the health insurance costs from their taxes, which can be excessive to many or prevent obtaining insurance coverage. However, a professional association is able to fully deduct the cost of accident and health insurance plans for its employees and their families. This deduction may allow the cost of reimbursing employees for their uninsured medical expenses. Furthermore, a professional association may be able to deduct the cost of life and disability insurance.
Additionally, the tax deductions for accident and health insurance may be realized by forming a professional association. Moreover, a professional association may deduct up to 80% of the dividends, which it receives from a domestic corporation that is subject to taxation. This differs from a self-employed professional who owns dividend-producing stock which must include the entire amount of dividends in their gross income. Lastly, upon the sale of stock in a professional association, the gain realized would be taxed at a maximum rate of 28%, whereas a self-employed professional could be taxed at a rate as high as 39.6% on the sale of their interest in such a business.
Appropriate use of a Professional Association.
State and Federal Tax law authorize the formation and maintenance of a Professional Association. Although a Professional will be personally liable for their own malpractice, the professional Association will shield the shareholder Professional from the malpractice of the employees, partners and other Professional shareholders, and from countless other general business activities that can occur in a profession. To benefit from the tax advantages as well as the limited liability of a Professional Association, it is vital that contracts, activities, and other details be appropriately tended to so the Professional Association will be treated as a separate entity.Reimbursements. The appropriate use of a Professional Association will limit personal liability of a professional for reimbursements that may be insisted from carriers.
Protection for receivables. Your advisors can easily consult you with the methods to protect your receivables.
Employee liability. Consult your malpractice carrier concerning your employment agreements.
Notify your insurance carriers. Your insurance carriers should be notified that your Professional Association exists. Additionally, your DBA/Fictitious name should be registered with Tallahassee and should be disclosed to your Insurance carriers.
Appropriate maintenance for a Professional Association. You must keep sound financial records, maintain corporate minutes, updated employment agreements, lease agreements, loan agreements and never forget to file your Annual Uniform Business Report with the state. Such maintenance will keep the IRS and creditors at bay.
SERVICES FOR YOUR FLORIDA P.A. CORPORATION
Services can be order in the Florida P.A. form
Services Agreements $45.00 Anonymous Services
$120.00 Shareholders Agreement Anonymity. If you do not want to be identified on the public record as an officer or director of a Florida Corporation you do not have to be listed. Instead we can file you anonymous for a one time fee of $45.00. You may also want to take your anonymity a step further and have a nominee, a person other than yourself, to serve as the director and officers, thus maintaining your privacy. Our office provides an individual to serve in this capacity for $1,585.00 per year. (This fee includes the indemnification service) When a non-publicly traded corporation is formed, we strongly recommend having an agreement among the Shareholders as to how the corporation will be organized and operate. The Agreement drafted is in addition to the By-laws of the corporation and should contain clauses concerning the Buying and selling of the company's stock. It is a good idea that corporate governing procedures should be establish and memorialized in a written Shareholders Agreement at the time of incorporating because after the formation of the corporation matters may not be so easily agreed upon. Our document spells out the rights and obligations of the parties in the event disagreements come up. Even family corporations should consider a SHAREHOLDERS AGREEMENT, since it could settle issues without the expense of litigation. Issues covered in the agreement are the rights of the shareholders to vote, rights of the directors, salaries, nominating officers and employees, buy-sell agreement concerning stock transfers of shares and endorsement rights. This agreement only costs 120.00 dollars at the time of incorporating. $35.00 Federal Tax ID Number The Federal Tax ID Number is required to open a business account and to put your license into the corporate name. It is also necessary for those who need to get exempt from workers compensation insurance. The tax Id is only $35.00 dollars at the time of incorporation and we will acquire the actual number for your convenience. $50.00 1244 stock (TAX TIP) $55.00 Independent Contract Agreement A Corporate Shareholder is normally allowed to write off only a capital loss of $3,000 dollars. However, the issuance of 1244 stock provides the Shareholder with a maximum ordinary loss of $50,000 (or $100,000 in the case of the husband and wife filing a joint return.) Take advantage of this special stock issuance plan complete with resolutions for only $50.00 dollars. If you would like to 1099 a worker as an independent contractor without the worry of the IRS coming after you because of the worker's failure to do their own tax withholdings, having an executed Independent Contractors Agreement is a good beginning. Additionally, if vicarious liability (being sued because of a worker's negligent actions) is of a concern, again an executed Independent Contractors Agreement is the layer of protection your company needs. The cost for an independent contractors agreement is only $120.00 dollars at the time of incorporating. $60.00 Sub-Chapter S Election $150.00 Security Agreement with a Loan Agreement The Sub-Chapter S Corporation allows the Shareholders to avoid having their profits taxed twice because there are no corporate taxes with a Sub-Chapter S Corporation. This type of Corporation also allows the owner to avoid all of his/her profits from being hit with a self employment tax. Lastly, the Shareholders of an S-Corporation are able to write off their losses on their personal taxes, even against separate income (money from other employment or a spouse's income on a joint return.) If you want your business to have these major tax advantages it costs an additional 60.00 dollars. We will complete the Federal requirements and draft the Corporate articles, bylaws, resolutions and stock certificates to reflect the company's status as an S-Corporation. The flow of money is the grease that lubricates the wheels of commerce. Over the years important rights and protections have been developed to insure this flow continues. If you would like to loan money into your company other than that which you give in exchange for your ownership interest, a loan agreement and promissory note is the proper way to do so. This works by having the loan agreement and promissory note signed between the corporation and owner so the extra money is seen by the IRS as a loan to be repaid and not capital without strings attached. Additionally, a security agreement, when recorded acts as a buffer securing the loan against subsequent corporate creditors, thus keeping you first in line to recover the loaned money. The cost for the security agreement and help with its UCC registration is $150.00. The loan agreement and promissory note is $65.00 dollars additional. $69.00 Registered Agent Service/Attorney Counsel FREE Single Member LLC Operating Agreement (Free of Charge) (LLC only) Our Law Firm has a vital and effective service that no entrepreneur at any level should be without. The Registered agent Attorney Counsel Service. The service includes: Our firms news letter, “The Business Tax Periodical”, which is available 8 times a year and offers legal information to help run your business without fear; our firm will examine your Uniform Business Report as well all other State corporation filing documents and file them timely and correctly for your business, this will ensure that your business remains in good standing with the state and business community. Our firm will help you keep up your ongoing minutes for your corporation's meetings so to avoid problems in case of a law suit or audit against your company; our firm will comply with all applicable laws and statutes relating to your businesses' Registered Agent and Registered Office. Finally, you get limitless telephone consultations all year with regards to your business legal matters. If you order this service when you incorporate receive an additional two month Bonus you pay only $69.00 for the first 14 months of service. Every Limited Liability Company MUST have an Operating Agreement to complete the owner's personal protection in the face of Litigation. The Operating Agreement MUST provide a clear outline of the rights and responsibilities of all parties to the LLC. This Agreement's provisions cover the procedural issues such as voting rights; rights and responsibilities of the Managers and Owners; financial matters; methods for amending the Operating Agreement; Owner withdrawal; dissolution of the Company; and the Buying and selling of the company's Ownership interest. It is a good idea that LLC governing procedures be establish and memorialized in a written Operating Agreement at the time of incorporating because after the formation of the Florida LLC, matters may not be so easily agreed upon. Our tailor made Contract spells out the rights and obligations of the parties in the event disagreements come up. Even family owners should have an OPERATING AGREEMENT, since it could settle some issues without the expense of litigation. Having an Operating Agreement brings transparency and predictability with regards to issues mentioned above and thus tranquility when engaging in your day to day business activities. We include a single member operating agreement for free for single member LLCs; if the company is a Multi member LLC then the cost is only an additional $35.00 for the agreement. $135.00 DUNS Number and Central Contractor Registration $55.00 Employment Agreement The benefits of having a DUNS number are that you may list the number in the Duns and Bradstreet database; after you are listed you may use the D&B as a credit reference; and you will be able to update your record anytime with D&B. We will acquire your DUNS number within 30 days for $135.00 you may start the above process Prospective vendors must be registered in CCR prior to the award of a contract: basic agreement, basic ordering agreement, or blanket purchase agreement, unless the award results from a solicitation issued on or before May 31, 1998. Prime contractors are not required to have their subcontractors register in CCR. If a prime subcontractor wants to bid directly for contracts with the DOD, they should register in the CCR, we can acquire the CCR registration within 2-3 weeks for $135.00 dollars. Asset protection in case of an unforeseen bankruptcy is often overlooked when thinking of an employment agreement in Florida. A well drafted employment agreement would allow a shareholder to protect his money by paying himself a wage as an employee and utilize the unlimited cash account exemption. After we draft your contract set up your wage account so that no interest will be credited to it (have any interest earned on the wage account either mailed directly to you or credited to another account), deposit only the wages of the statutory head of the family into that account, and include the designation "WAGE ACCOUNT" in the account title.
There are of course the important elements for new hired employees such as protecting your trade secrets and other intellectual property from being stolen without recourse as well a non-competition clause to seal off any attempt damage your business with your own ideas. Additionally, the beginning and ending dates of the employment period, the amount of the salary and time period it will cover, a description of duties and title for employees, agreed paid vacation days and severance pay are all inclusive. We will provide a specific agreement that entails all the above elements and more. This agreement is only $55.00 dollars at the time of incorporation.$125.00 Occupational License If you are out of state or country or just too busy we will be glad to help you acquire your occupational license to help you do business. The fee to do this is $125.00 plus any additional filing fees per county or city. $700.00 State Certified Minority/Women Business Enterprises $65.00 Indemnification Agreement Minority/Women owned businesses receive first tier referrals which means they are the first businesses referred to state agencies seeking to include supplier diversity as a part of their purchase order and contract opportunities; Loan mobilization programs assist state certified minority business enterprises in obtaining funding when starting a state-funded project. The loans made through participating banks are designed to enhance relationships between the banking community and CMWBEs. We can complete the documents for your minority registration within 3-4 weeks for $700.00 When you incorporate you are protected as a Shareholder (owner of a company), however, when you act as a director or officer you have to understand there is no corporate protection if you are sued. Therefore it is strongly recommended to have us register an indemnification in your articles of incorporation and draft a standard contract between the corporation and the the directors/officers for an important layer of protection. The fee for this work is only $65.00 dollars at the time of incorporating. $95.00 Qualified Sub Chapter S Subsidiary Corporation FREE Medical Reimbursement Plan However, if QSSS status is desired for a subsidiary, the parent must wholly own the subsidiary. This service provides asset protection and tax saving possibilities that are almost infinite, depending on how many subsidiaries there are. However, if the Subsidiary qualifications is desired, one Sub Chapter S corporation must wholly own the other Sub Chapter S Corporation. The fee for this service is $95.00 per qualification. Hire your spouse and get fully deductible health benefits for yourself. A Small business can fully tax-deduct health insurance and doctor’s bills for a spouse who is working and on the payroll. The owner spouse can get medical benefits not as an owner, but as a spouse of the employee-spouse. The business deduction is 100%- not the 70% as for the self-employed. The fee for this is only $60.00 dollars. FREE with company. $35.00 Sales Tax ID Number LEASES If you are going to purchase products for resale you will need a Sales Tax ID Number. we can prepare the paperwork for $35.00 dollars or if you like we will acquire the actual tax ID for $70.00 dollars. Leases for your Company. $70.00 Unemployment Tax Account Number and new Hire Report $70.00 Home Office Lease If you are going to be paying a wage state law requires you to have an unemployment tax ID to do your state withholdings and new hire report to report your new hires so to avoid penalties from the Department of revenue. The preparation fee for the Unemployment number paper work is $35.00 and there is a $30.00 fee to prepare 10 new hire reports. Alternatively, we can acquire the actual unemployment number for your business for $70.00. If you would like to take valuable deductions from the use of your home office you must have a lease agreement since land is involved. We will draft home office lease for just $70.00 dollars at the time of incorporating. $70.00 Vehicle Lease Do you use your vehicle for business purposes, if so a vehicle lease agreement is a tremendous tax break that you must not pass up. We will draft a vehicle lease for only $70.00 dollars at the time of incorporating. $65.00 Workers Compensation Exemption Applicant $135.00 Business Equipment Lease We can prepare the workers compensation documentation correctly and timely so there is no delay in your obtaining an exemption from costly insurance premiums. If your business is non-construction related you may exempt all of your officers from Workers Compensation Insurance. If your business is construction related you may get up to three officers exempt, however, they must also be 10% owners of the new corporation. We will prepare the documentation and the cost will be $65.00 for the first officer and $40.00 dollars for the second and $25.00 per officer thereafter. Do you have office equipment, construction equipment or other expensive equipment that you would like to protect from a law suit and yet still receive a valuable tax write off. If so, have us draft a standard Equipment Lease for only $135.00 dollars at the time of incorporating. COPYRIGHT - TRADEMARK $70.00 Heavy Use Tax ID (For Hauling/Trucking Companies) $695.00 Trademark If your vehicle weighs over 55k lbs loaded then you will need a heavy use tax ID to travel on highways or risk fines with the Department of Transportation. We can prepare the documents for $70.00 dollars and have it ready to sign for you in your company book. If you want your corporate name to be protected from others using it, a Trademark is a must. We can have your name Trademarked for $695.00 dollars, $350.00 extra for a logo and additionally we will perform the crucial due diligence (Trademark name searches) at the Federal and most importantly at the Common Law level for $399.00 dollars and continue to monitor and keep up the formalities for $850.00 a year. The Search normally takes about two weeks, however the process can be expedited to Same Day completion for an additional $225.00, 2 day service for $150.00 additional and 4 day service for $75.00 dollars additional. With regards to the Trademark registration, normally 10 full months are necessary for the Federal Government to determine if the name will be awarded a Trademark. $125.00 Living Trust (LLC Only) If you are purchasing an LLC to hold Real Estate, we sugest purchasing a Living Trust to hold the LLC. This way the Trust will protect the LLC and the properties that it holds from going to probate. The fee for the Trust is $125.00. $125.00 DBA (fictitious name) $275.00 Copyright If you would like to have a secondary name to advertise your corporation under it is required to have what is called a DBA or fictitious name registered correctly under the corporation. We will have this registered with the required resolutions for only $125.00 dollars and will be completed in two weeks.
Same Day Service is an additional $225.00
2 days for $150.00
4 days for $75.00
Every person who regularly transacts business in this state for profit under a fictitious business name must file. Corporations do not file unless doing business under a name other than the corporate name.A copyright gives the owner of a creative work the right to keep others from using the work without the owner's permission. Copyright protection may be applied for with regards to all original expressions, including art, sculpture, music, songs, choreography, crafts, poetry, flow charts, software, photography, movies, CD-ROMS, video games, videos, web sited and graphic designs. Copyright protection lasts for many years. Most often it lasts for the life of the work's creator (its author) plus 70 years. In cases where the creator is a business, the copyright lasts between 95 and 120 years.
We will register your Copyright for $275.00 We can also get your immediate confirmation evidence for an additional $500.00
FLORIDA PROFESSIONAL ASSOCIATION (P.A.)
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