.avif)
Work With A Pro
Starting a business in Miami is exciting, but choosing the right structure is one of the most important decisions you'll make. Whether you're launching a tech startup in Brickell, opening a fitness studio in Wynwood, or setting up a marketing agency in Coral Gables, the way you form your business affects your taxes, legal protection, and how much you can grow. Many local entrepreneurs ask us: should I form an S-Corp or a C-Corp? The answer depends on your goals—and it starts with understanding the basics of business formation services.
Florida is known for being business-friendly. It has no personal income tax and a growing market for all types of businesses. But every choice has its pros and cons. Forming your business the right way ensures you stay compliant and set yourself up for long-term success. That's where our business formation services come in to guide you through every step.
A C-Corp is a standard corporation. It’s separate from its owners and pays its own taxes. Many larger businesses choose this route because it allows for unlimited investors and multiple stock classes. However, it comes with something called “double taxation”—once on the corporate income, and again when shareholders receive dividends.
An S-Corp avoids double taxation by passing profits directly to owners, who then report it on their personal tax returns. It’s popular with small business owners in Miami looking to save on self-employment taxes. But there are limitations—only 100 shareholders allowed, all must be U.S. citizens, and you can only have one class of stock.
If you plan to raise money from investors or go public someday, a C-Corp is likely the better option. Venture capital firms often prefer this structure because of its flexibility. If you’re focused on staying small, local, and profitable, an S-Corp might suit your needs better.
As an S-Corp owner, you can pay yourself a salary and also receive distributions. This setup can save you thousands in self-employment taxes. However, you must follow strict rules about how much of your income is “reasonable compensation.”
Some industries, like real estate or law, may have specific rules around entity types. If you’re working with government contracts, having a C-Corp might be more attractive. If your business serves locals—like catering events in downtown Miami or managing rentals in South Beach—an S-Corp may be more efficient.
Florida doesn't tax personal income, which benefits S-Corp owners. However, C-Corps still pay a 5.5% state corporate tax. Choosing a structure that aligns with these rules can lower your total tax burden.
Miami businesses must register with the Florida Division of Corporations, apply for a business tax receipt, and often obtain zoning approval. Whether you form an S-Corp or C-Corp, you’ll still need to meet all local requirements to operate legally.
Filing the wrong paperwork or choosing the wrong structure can lead to tax issues, legal trouble, or delays in getting your business off the ground. Our expert business formation services at The Tax Team help you file the right forms, understand your responsibilities, and build a strong foundation for your company.
We know the Miami market. From the needs of Little Havana retailers to the demands of tech firms in Wynwood, we provide recommendations based on your location, industry, and long-term vision.
We’ll guide you through each step to make sure your launch is smooth and your structure is sound.
Yes, you can change your tax election, but it must be filed with the IRS properly. It’s best to do this with professional support.
It depends. S-Corps avoid double taxation, but C-Corps may benefit from lower corporate tax rates in some cases. Your business goals matter most.
With the right paperwork, it usually takes 3 to 5 business days. We help you file quickly and correctly.
LLCs are easier to manage but may offer fewer growth and investment options. We’ll help you compare all options before you decide.
Not always. With our business formation services, you get expert guidance without the high legal fees.
You’ll need Articles of Incorporation, an EIN, and possibly a business license, depending on your location and industry.
