Anybody familiar with Florida LLC/Tax rules?

070707

070707

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Mar 13, 2008
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I do not live in Florida, so I have no idea.

If I have a basic LLC, Other than Federal and Self-Employment tax... does Florida induce any other sort of Business tax?

For example, in my state, a basic LLC gets federal and self-employment tax, but if I generate over 82k in revenue, they charge an additional 7.5%.

Thanks!
 


A FL single member LLC pays no State taxes. I'm pretty sure you do not even have to file a State tax return. If the LLC has a corporate owner, then it's different.

If you are sole owner, then the only fees you're looking at is formation and I believe a small annual fee to remain in good standing.

Obviously, all activity of the LLC passes through to you personally so you'll owe State taxes to your State.. assuming they have them.
 
exclusivewrites said:
A FL single member LLC pays no State taxes. I'm pretty sure you do not even have to file a State tax return. If the LLC has a corporate owner, then it's different.

If you are sole owner, then the only fees you're looking at is formation and I believe a small annual fee to remain in good standing.

Obviously, all activity of the LLC passes through to you personally so you'll owe State taxes to your State.. assuming they have them.
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I will have to contact a CPA obviously, but in my state (my numbers were wrong above, good thing I don't do my taxes) but if you generate over 50,000 in revenue, they tax you 8.5%, they are looking to increase it to 13.5% AND make it retroactive to Jan. 1st, 2009. Fucking fuck. Live free or die, my ass, NH is the new Massachusetts. My business is moving!
 
It would be between DE, NV, WY or FL. Ask your CPA which he recommends. WY is good because you can use a nominee owner.. if anonymity appeals to you.

There are services there which will move your LLC, give you a registered agent and a local mailing address and phone number.. for $600 or so total.
 
One word, accountant.

Don't take anybody's advice here. Contact a local, reputable accountant and listen to them. If something smells fishy, contact a second, reputable accountant and go with your GUT feeling, not what sounds best.
 
rileypool said:
One word, accountant.

Don't take anybody's advice here. Contact a local, reputable accountant and listen to them. If something smells fishy, contact a second, reputable accountant and go with your GUT feeling, not what sounds best.
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I know that. I already own an LLC... I am looking to move said LLC. Just casually looking for others input first.
 
070707 said:
I will have to contact a CPA obviously, but in my state (my numbers were wrong above, good thing I don't do my taxes) but if you generate over 50,000 in revenue, they tax you 8.5%, they are looking to increase it to 13.5% AND make it retroactive to Jan. 1st, 2009. Fucking fuck. Live free or die, my ass, NH is the new Massachusetts. My business is moving!
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Article 1 section 9 of the United States Constitution prohibits the passage of Ex Post Facto laws....so you can tell them to take their retroactivity and shove it up their ass!
 
JarredLv said:
Article 1 section 9 of the United States Constitution prohibits the passage of Ex Post Facto laws....so you can tell them to take their retroactivity and shove it up their ass!
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Uhm, haven't heard that argument, but I will be sure to research it before they have a public hearing near my area. They tried to pass this law before any public hearing because they added it into the new State Budget. Now it is hearing TONS of backlash.
 
You fuck with my money and I will rip you a new asshole. You are in spain dude, move your company to BVI or Channel Isles.
 
I'm in NH as well and my advice is talk to a fucking CPA. The amount of incorrect information in this thread is insane. Taking the advice of unqualified idiots on forums is a great way to fuck up your taxes.
 
aeisn said:
I'm in NH as well and my advice is talk to a fucking CPA. The amount of incorrect information in this thread is insane. Taking the advice of unqualified idiots on forums is a great way to fuck up your taxes.
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I guess you fail to read as well.

070707 said:
I know that. I already own an LLC... I am looking to move said LLC. Just [double-bold]casually[/double-bold] looking for others input first.
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I read that my point is asking for advice, even casually, is useless because 50% of what you hear will be wrong and without professional advice there is no way to tell what the real story is.
 
aeisn said:
I read that my point is asking for advice, even casually, is useless because 50% of what you hear will be wrong and without professional advice there is no way to tell what the real story is.
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No shit, pablo. Casual is better than nothing. Have a meeting with my CPA Monday. Let me guess, you have never casually looked for information online?

Why do you actively participate in this forum anyhow? A majority of the information is hearsay and assumptions.
 
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