Forming a new LLC involves several steps beyond simply filing paperwork with the state, including obtaining an EIN and understanding your ongoing federal tax obligations. Castagnet Tax Consulting Group helps individuals and business owners, including foreign owners, understand the tax side of setting up a business in Florida. Learn more on our home page.
Who This Service Is For
- Individuals starting a new business in Florida
- Existing sole proprietors converting to an LLC
- Foreign individuals or companies forming a U.S. LLC
- Business partners setting up a multi-member LLC
What’s Involved in Setting Up a Business
- Choosing an appropriate business structure
- Obtaining an Employer Identification Number (EIN) from the IRS
- Understanding your federal tax filing obligations once the LLC is formed
- Setting up bookkeeping and payroll from the start
- Registering for Florida sales tax, if applicable
Considerations for Foreign Owners
Foreign individuals and foreign companies that form a U.S. LLC often face additional annual filing requirements, including Form 5472 and a pro forma Form 1120. See our Foreign-Owned LLC Tax Compliance page for details on these requirements.
How We Help
We help you understand the federal tax obligations that come with forming a new LLC, including EIN setup and ongoing filing requirements, and can connect you with our business tax preparation and bookkeeping services once your business is up and running.
Our Process
- Schedule a consultation to discuss your business plans and ownership structure
- We help you understand the EIN application process
- We review your ongoing federal tax filing obligations
- We help you set up bookkeeping and, if needed, sales tax registration
- We remain available as your business grows
Frequently Asked Questions
Do you file the LLC formation paperwork with the state?
State-level LLC formation is filed with the Florida Division of Corporations; we focus on the related federal tax setup, including your EIN and ongoing filing obligations.
I am not a U.S. resident. Can I still form a Florida LLC?
Yes, foreign individuals and companies can form a U.S. LLC, though additional annual filings such as Form 5472 typically apply. See our Foreign-Owned LLC Tax Compliance page for details.
What should I set up first, bookkeeping or tax filing?
We recommend setting up bookkeeping from the start so your records are accurate when it is time to prepare your first business tax return.
Contact Us
Castagnet Tax Consulting Group
12250 Menta Street #106 A, Orlando, FL 32837 (by appointment)
Phone: 407-868-5776
Email: info@castagnettax.com