Entity Selection: Choosing the right business entity is crucial for your company's success and can have significant legal and tax implications.
Operating Agreement: A contract between the members of an LLC that outlines management roles and prevents disputes among members.
Foreign Earned Income Exclusion (FEIE): U.S. Citizens, Resident Aliens, and Digital Nomads working abroad to exclude up to $126,500 of their foreign-earned income from U.S. federal income taxes.
U.S Tax Brackets: U.S. tax brackets are progressive, meaning the tax rate increases as income increases. For 2024, there are seven federal income tax brackets: 10%, 12%, 22%, 24%, 32%, 35%, and 37%.
Beneficial Ownership Informational Reporting (BOIR): Starting January 1, 2024, Businesses in the United States must file a Beneficial Owner Information Report (BOIR) with Financial Crimes Enforcement Network (FinCEN).
Annual Compliance: Annual reports for your Florida Corporation or LLC with Sunbiz and other Secretary of State divisions nationwide.