Tax Aspects

When established correctly, an Limited Liability Company can minimize or even eliminate federal and state income tax on the business.  Instead of tax on the company, each members is taxed on an individual basis.  This eliminates being taxed twice on the profits.  The IRS requirements are different depending on whether you select to be taxed as a corporation or a partnership.  Once a corporate election is made, you can further elect to be taxed as a S corporation by filing the S election.  Let our attorneys help you create and file the proper documents to take advantage of the benefits of lower taxes, personal asset protection, and individualized management objectives while reducing the risk of invalidation by the IRS, or claims against the personal assets of the owners.

Your continued success in business is our goal. To learn more about our business formation services, set up an appointment for your free consultation today by calling us at (904) 355-8888 or fill out our online Contact Form and one of our business specialists will call you today.