In 2026, a Florida LLC can generally reduce self-employment tax by electing S-corp tax treatment and paying the owner a “reasonable salary” subject to FICA while taking remaining profits as distributions. Florida’s lack of a state personal income tax makes the federal payroll tax planning around S-corp status especially impactful for owner-operators. This article explains […]
Florida LLCs can elect S corporation tax status by filing IRS Form 2553—typically within 75 days of formation or by March 15 for a calendar-year entity—without changing the LLC under Florida law. In 2026, the biggest risks are late/invalid elections, ineligible ownership, and payroll and accounting missteps that invite IRS reclassification. This article explains the
Converting a Florida LLC to be taxed as an S‑corp in 2026 is usually done by filing IRS Form 2553 within 75 days of the intended effective date (or within 75 days of forming the LLC) to avoid late‑election penalties. Florida law generally does not require “converting” the entity to a corporation—most owners keep the
Miami e-commerce founders can usually cut self-employment tax once profits consistently exceed about $60,000–$80,000 by using an S-corp, but an LLC is often the fastest, lowest-maintenance start. In Miami-Dade, your choice also affects Florida filings, payroll setup, and investor readiness. This article explains how to choose between a Florida LLC and S-corp in 2026 for
How to Choose Between an LLC and S-Corp for a Miami, Florida E-Commerce Business in 2026 Read More »
