As you begin to build the foundation of your career as a general contractor in Florida, it is important to pick the right base for your business. The structure of your business will depend vastly on whether you choose to set up your business as a Limited Liability Company LLC setup services or an S-Corporation (S-Corp). These structures will help you determine how you want your business to operate logistically.
At Contractors Reporting Services, we have a team of experts who can help you make this logistical decision about your new career. Our staff has been helping contractors create their businesses successfully since 1965, which means that we have 50 years of experience to pass along to you. Our Florida Contractor Corporate/LLC Set up Service will help you determine the right business plan to fit your individual needs and goals for your career.
Our goal is to help you build your business with structural integrity. As a contractor, you understand that the structural integrity of your projects is one of the most important aspects of the building. Likewise, the way your business is set up, as either an LLC or an S-Corp, is one of the most important structures on which to build your career.
What are the advantages of incorporating your Florida general contractor business?
There are several advantages to both LLC and S-Corp structures. The bottom line depends on your goals for your business and how you want your internal operations to run. Our Florida Contractor Corporate/LLC Setup team will help you determine the best option for you.
Below are some of the advantages of incorporating your business, as listed on our website:
- Protection for your personal assets. In our opinion, this is the biggest advantage of incorporating your contractor business. When you form an LLC or S-Corp, you separate your business from your personal assets. That means, if something goes wrong and you are facing a huge lawsuit in your business, your personal assets are protected. This is not the case with Sole Proprietors. Being a General Contractor in a booming area like Florida does come with its risks. Having an LLC setup services or S-Corp setup for your business will protect your personal assets in the event that your business is sued.
- Better tax benefits. When you incorporate your contractor business to an LLC or S-Corp, you have more flexibility in how you file your taxes at the end of the year. An LLC setup services can choose to be taxed as a corporation, which allows the business to show a profit and loss statement. Additionally, incorporating your business as an S-Corp can help you avoid a double taxation at the end of the year. By incorporating your business, you also have the ability to deduct certain business expenses, which may help you with your tax returns. These are options that we would discuss with you when deciding what type of corporation to choose for your contractor business.
- Reputation Boost. As a new General Contractor looking for projects, it’s important to have a business that people can trust. By incorporating your company, you are telling your future clients that you are someone who does things the right way. You also give them reassurance that you are insured and protected, should something on the job site go wrong. Incorporating your company will help you generate more opportunity and success than those who are not incorporated.
Our goal is to help you find the path for your business that brings you the most success. When you begin to create your business, you will sit down with our expert staff and discuss your goals and expectations of your new business. From that information, our staff will determine what type of corporation would work best for your business.
If you are ready to move forward with your career as a general contractor in Florida and you would like to learn more about our Contractor Corporate/LLC Setup Services, please call our office and schedule an appointment.
Contractor Reporting Service
13795 N Nebraska Ave
Tampa, FL 33613