123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Legal >> View Article

How Law Firms In Tampa Can Help You In Choosing Right Business Entity For Your Small Business?

Profile Picture
By Author: Savage Solution
Total Articles: 2
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

Are you located in Tampa, Florida and running a small business but feeling puzzled about what business entity to choose from? Law firms in Tampa will help you to get out of this confusing state by giving you proper guidance. Let us discuss the various types of business structures to choose from:

• Sole Proprietorship: In sole proprietorship, you are the sole owner of the business. No sort of any separate entity exists in this business structure. Any business that is operating as a sole proprietorship must get itself registered with county clerk in the county which the business is being conducted out. From the respective county clerk websites, you can file the certificate for business by paying an estimated fee of around $35-40. In this you will be taxed once and tax liability will depend upon your earnings.

• Corporation: Corporation implies incorporated business structure. To get an Inc. status you need to submit the required documents to Florida Department of State along with required charges. However it is recommended that you pay extra for expedited serviced and other certified documents so as to avoid ...
... week-long delay in the starting of your business. Generally, most of the banks ask for a filing receipt and a certified copy of INC. certificate to open a business account for your small business. There are two types of Incorporations namely:

o C-Corporation: You will be taxed twice. First on the basis of your earnings. Secondly your business shareholders will be taxed on the basis of dividend received by them.

o S-Corporation: You’ll be taxed once. Individual shareholders are taxed for their share of tax liability of the corporation.

• Partnership: Partnerships are of two types namely:

o General Partnership: It is formed when two or more than two people start running out a business without specifying a business entity for their small business. In such a scenario you need to file for a certificate of business with your respective country or state. It is recommended that you take assistance from a qualified business lawyer in Tampa before opting for this business structure.

o Limited Partnership: It is an acceptable business type. You can file the paperwork to Florida Department of State by paying the required charges. Don’t forget to pay extra for expedited services and two copies of the filing of certificate.

• Limited Liability Company (LLC): LLC offer great deal if flexibility due top which most of the businesses are opting for this business form. Flexibilities come in the form of benefits that one can enjoy be it flexibility in terms of partnership or protection from business liabilities as in case of incorporated business. But it is more complex and expensive business form. Article of organization n needs to be filed and assistance can be taken from law firms in Tampa.

Besides, these small businesses also require various special licenses and permissions to operate their business efficiently in the state of Florida. Business lawyers in Tampa will help you to choose a correct business entity for your small business along by ensuring that you get enough time to focus upon your business competencies. Based upon the involved liability and tax issues it is recommended that you take help from a business lawyer in Tampa. It will enable you to get a better insight of consequences of your choice for your small business.

Want to consult a Law Firms in Tampa, Florida? The Savage Law Firm is a reliable Florida business lawyer firm that offers wide range of quality legal services. Learn more about Business Lawyer Tampa by visiting our website www.savagelaw.us

Total Views: 162Word Count: 581See All articles From Author

Add Comment

Legal Articles

1. Bringing Your Loved Ones To The Uk: Your Guide To The Skilled Worker Dependant Visa
Author: Conroy Baker

2. How Long Does Llp Registration Take? Timeline Explained
Author: Jishan Khan

3. Starting A Business In Pune? 7 Essential Online Registrations You Shouldn’t Miss!
Author: Startupporta Business Services

4. Top Materials We Use In Our Best Custom Cnc Machining Parts
Author: YuYao QiDi Plastic Mold Factory

5. Why Every Business Needs A Corporate Lawyer In Dubai
Author: Dr. Hassan Elhais

6. Potential Benefits Of Hiring Minnesota Truck Accident Lawyers
Author: sussmanlaw

7. Conroy Baker Ltd.- Your Dedicated Uk Personal Immigration Lawyers In London
Author: Conroy Baker

8. Apply For Australia Pr Visa From India In 2025
Author: Atul

9. Self-deporting Facts And Consequences
Author: Berd & Klauss, PLLC

10. Best Loan Settlement Company In Delhi
Author: loanrelief

11. How Legal Experts Assist In Energy And Resource Industry Compliance
Author: Haider

12. How To Issue A Legal Notice To Your Spouse For Divorce: A Complete Guide By Vrinlegal
Author: vrinlegal

13. The Essential Elements Of A Contract: Building Blocks Of Legal Agreements
Author: John Rame

14. Dreaming Of Joining Your Partner In The Uk? Here's Your Guide To The Uk Spouse Visa!
Author: The SmartMove2UK

15. Family Lawyers In Saskatoon: Guiding You Through The Most Personal Legal Matters In Life
Author: John Smith

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: