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LLC Taxing

Law Office of David M. Goldman PLLC represents individuals and Florida Businesses in Jacksonville and the surrounding areas in Florida Business law and Florida Business Formation. Our Florida Business Attorneys and Florida Business Lawyers work with clients in to help them choose the correct entity to use when conducting business. The IRS has changed the way in which a Limited Liability can be taxed. Originally LLC's were taxing schema was based upon meeting a set of criteria. Today, when the LLC is formed, you simply "check the box" and send in the S-Election if the company will be taxed as a LLC. If you do not "check the box" or fail to send in the s-election the entity will be taxed as a partnership.

There are some advantages of being taxed as an S-Corporation if your income justifies the additional expense associated with the tax reporting and you are willing to have ownership interest equal to the allocation of profits and losses.

Do not worry; the tax choice has no affect on the asset protection available for a Limited Liability Company.

If you need help with starting or managing a Florida Business CONTACT our Florida Business Lawyers by email or call us at 904-685-1200 to discuss your situation today.

Client Reviews
★★★★★
After years of trying to protect my assets from creditors, I was shocked to find out that my assets were unprotected in ways I had never considered. Not only had I placed my assets at risk from my mother's creditors, but I had placed my assets at risk from other family members who were intent on manipulation. When my mother died, I discovered that a family member had changed my mother's estate planning documents. Mr. Goldman and his team were able to explain what went wrong and successfully defended my position in court. During the case, I learned that I could have had much better protection from family and creditors, thus avoiding years of litigation and undue familial stress. When it comes to protecting your assets and your family, I would highly recommend hiring Mr. Goldman and his team. Bill H.
★★★★★
As a real estate agent, I have been involved with many property transactions where I needed a probate attorney to help facilitate the transaction. I have used the services of Mr. Goldman and his staff over the last several years and continue to use them on a regular basis. His office has been able to navigate the court system and help estates sell their property quickly and efficiently. In addition, Mr. Goldman can help real estate investors structure trusts to protect their assets from creditors. Michael Starling
★★★★★
This office is fantastic. I was faced with a horrible situation and this office helped to put an end to the untenable situation. Ms. Kendal Schoepfer was always available before, during, and after office hours to answer any questions that I had. I highly recommend this law office to all. Tisha Brown
★★★★★
Kendal was an amazing answer to a difficult time. Highly recommend her!!! Dana Ramsey