Business Formations

 

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.

International Taxation

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 BracketsU.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%. 

 

Compliance

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.