Topic: Business Services for Florida Contractors
Business Services for Florida Contractors
Our business services include starting businesses from the very first step of choosing a business name to the final step of filing your annual report each year. Our team will help you choose the right business structure, apply for an EIN, register your foreign entity, and file annual reports. We have incorporated hundreds of clients and can promise you will be up and running in just 2-3 business days.
There are multiple types of businesses to choose from. We help you decide if forming an LLC is a better option than filing as an S-Corporation. We also help assign officer designations and percentages of ownership.
Starting a business for the first time is overwhelming and time consuming. Let our experts help you through the process.
Business Entity Comparison
| Characteristics / Entities | Ownership | Personal Liability of Owners | Tax Treatment |
| C Corporations | Unlimited number of shareholders allowed; no limit on stock classes | Generally no personal liability of the shareholders for the obligations of the corporation | Corporation taxed on its earnings at the corporate level and the shareholders have a further tax on any dividends distributed (double taxation) |
| S Corporations | Up to 75 shareholders allowed; only one basic class of stock allowed | Generally no personal liability of the shareholders for the obligations of the corporation | Entity generally not taxed as the profits and losses are passed through to the shareholders (pass-through taxation) |
| Sole Proprietorship | One owner | Unlimited personal liability for the obligations of the business | Entity not taxed, as the profits and losses are passed through to the sole proprietor |
| General Partnership | Unlimited number of general partners allowed | Unlimited personal liability of the general partners for the obligations of the business | Entity not taxed as the profits and losses are passed through to the general partners |
| Limited Partnership (LP) | Unlimited number of general and limited partners allowed | Unlimited personal liability of the general partners for the obligations of the business; limited partners generally have no personal liability | Entity not taxed, as the profits and losses are passed through to the general and limited partners |
| Limited Liability Company (LLC) | Unlimited number of members allowed | Generally no personal liability of the members for obligations of the business | Entity not taxed (unless chosen to be taxed), as the profits and losses are passed through to the members |
Comparison provided by publiclegal.com.
Business Name Selection
One of our business services is business name selection. Choosing a business name takes creativity and availability! Brainstorming ideas together helps get the creative juices flowing! We check the Florida Department of State for name availability. Together we can come up with a name that best suits your business plan.
Other Business Services
- EIN Application
- Foreign Entity Registration
- Stock Certificate Production
- IRS Form 2553 Filing
- Corporate Book Compilation
- Partnership buy/sell agreement
- Insurance Solutions
Contractor Licensing Inc. provides assistance in obtaining business licenses, as well as aiding in the establishment and management of your company. To learn more about our range of services, please contact us.
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