Launching your own business is a huge decision, one not to take lightly. From developing your product or service and getting funding to taking measures to protect your business, entrepreneurs must do their homework. As a business and tax attorney, one question I often hear is:

What is the best way to set up a new business?”

While the answer varies depending on the goals of each client, an LLC is often chosen.

What is an LLC?

An LLC, or limited liability company, is a U.S. business structure that combines the simplicity, flexibility, and tax advantages of a partnership with the personal liability protection of a corporation. The owners of LLCs are called members. An LLC can have one or many members. Members can be individuals or other businesses, and there is no limit to the number of members an LLC can have. With an LLC structure, members’ personal assets are protected from the LLC’s creditors. LLCs are more cost effective and simpler to form than a corporation. This, in addition to the discussion below, has led to LLCs becoming the ‘go-to’ business structure to form.

Who should form an LLC?

Continue Reading What is an LLC and why do I need one?

Two Fort Myers tax lawyers will once again host a complimentary webinar to help the Southwest Florida community understand the tax law changes in light of the COVID-19 crisis. On Friday, May 1, 2020, from 12:00 to 1:00 pm, Lindsay Sablan, a journalist and WINK News morning anchor, will serve as moderator, with speakers attorney Shanthy Bala, the Tax Clinic Director and Supervising Associate at Florida Rural Legal Services, Inc., and Sara Qureshi, a business and tax attorney at Henderson, Franklin, Starnes & Holt, P.A., will present “Tax Law Changes Amidst COVID-19: Further Guidance Providing Relief to Individuals and Small Businesses” in association with the Lee County Bar Association and its Pro Bono Committee.

This one-hour session will go over recent updates and frequently asked questions regarding federal tax relief available for individuals and businesses during COVID-19, including questions that were submitted to the clinic after the last webinar on April 3rd. Questions may be submitted in advance by email to Shanthy.Bala@FRLS.org.

Continuing EducationContinue Reading May 1 Webinar to Provide Guidance on COVID-19 Tax Relief for Individuals and Small Businesses

Join us for a complimentary Community Q&A Webinar on The Coronavirus Stimulus Package: Tax Relief for Individuals and Small Businesses to be held on Friday, April 3, 2020, from 12:00 to 1:00 pm.

Lindsey Sablan (WINK News Journalist and Morning Anchor) will moderate the discussion with panelists Shanthy Bala, Esq., (Tax Clinic Director for Florida Rural Legal Services) and Sara Qureshi, Esq., LL.M. (Business & Tax Attorney at Henderson, Franklin, Starnes & Holt, P.A.).Continue Reading COVID-19 Community Q&A Webinar: The Coronavirus Stimulus Package: Tax Relief for Individuals and Small Businesses

We know business owners and HR professionals have questions and need answers quickly to rapidly changing laws concerning the coronavirus (“COVID-19”).

Grab a cup of coffee, login in and join me for a complimentary webinar on Monday morning, March 23, at 10:00 a.m., as I share information on:

  • Families First Coronavirus Response Act
  • Emergency Paid