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(+1) 718-5225575
LLCs do not pay state taxes in Florida.
The most immediate benefit of opening an LLC in Florida relates to taxation: Since Florida has no personal income tax, an LLC owned by one or more individuals offers an immediate tax advantage. Why? Because LLCs are taxed pass-through [*] and therefore the income of the LLC is directly transferred to the members who must then report their income and pay taxes in America for their share of the LLC's profits. And if the LLC members are individuals, there is a tax advantage to opening an LLC in Florida because Florida does not tax personal income.
[*] [LLCs do not file annual income returns and do not pay taxes at either the federal or state level in America.
Florida is a state where the real estate sector has always offered excellent investment opportunities. Opening an LLC and registering the real estate in the name of the LLC is the best solution from the perspective of operational management and tax optimization.
The steps and information necessary to open an LLC in Florida are as follows:
Once the confirmation of the LLC opening is received, you will then need to request the EIN [this is the tax ID of the LLC] from the US Revenue Agency [IRS - irs.gov] and open the account at the federal level to pay federal income taxes [at the state level, this is not necessary because Florida does not have a personal income tax]
Opening an LLC in Florida does not guarantee a high level of privacy regarding the identity/name of the members. Every year, Florida LLCs must submit an annual report to the Department of State of Florida - Division of Corporations where, among other information, the name of at least one manager or member of the LLC must appear. This is public information. For example, try examining the data that appears in this annual report of a Florida LLC, where it clearly states who the reference member or manager of the LLC is.
If a high level of privacy is important to you, contact us because we can provide the perfect solution while staying within strict legality.
Opening an LLC in Florida, as in any other US state, limits the risk of personal liability for the members because, precisely, the LLC is a capital company and therefore, if certain precautions are taken, the creditor of the LLC can only claim the net asset value of the LLC. The situation is different for the creditor of the LLC member: The creditor has the right to seize the LLC shares belonging to the debtor and claim them. Again, ExportUSA has a solution that eliminates this type of risk in a completely legal manner.
ExportUSA has been active in the US market since 1997. We have opened thousands of companies, Corporations, and LLCs in all US states, including Florida. We have extensive experience in both administrative and tax procedures. We know how to structure corporate solutions that are effective from a tax and operational standpoint while considering all your other goals: Privacy, limitation of member liability, logistics, visa applications, import/customs clearance issues, succession, sales tax, ecommerce, and investment plans in Florida or the rest of the United States.