TAXPLANNING PLUSTM

Business services

From forming your company in any of the 50 states to its annual return. If your company's books are not up to date, we prepare the financial statements the return needs from your bank statements.

Company formation

We form LLCs and corporations in any of the 50 states. First we review your project to choose the right entity and tax classification, then obtain the employer identification number (EIN) directly from the IRS and prepare the documents the bank requires to open the account.

Corporations

Form 1120 for C corporations. If a foreign person owns at least 25% or there are transactions with foreign related parties, Form 5472 is added. Form 1120-S for S corporations, which cannot have nonresident alien shareholders.

LLCs

A single-member LLC reports on the owner's personal return unless it elects to be taxed as a corporation; if the owner is foreign, it needs an EIN and Form 5472 every year. A multi-member LLC files Form 1065 with a K-1 for each partner, unless it elects otherwise.

Nonprofit organizations

Formation and structure of nonprofit organizations in the United States and their annual compliance.

Florida sales tax

Registration with the Florida Department of Revenue and periodic filing of Form DR-15, so estimated assessments and penalties never arrive.

Registered agent and annual compliance

We serve as your company's Florida registered agent, file the Sunbiz annual report and prepare 1099 forms for your contractors. These are annual services that renew each year; their amounts are stated in the engagement letter.

Structuring or reorganizing your company?

Decisions about structure, partners and asset protection are handled by Padilla Advisory Group, our group's strategic advisory firm.

Go to Padilla Advisory Group

Credentials and memberships

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