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Taxation Breaks for new startups

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kongking

Junior Member
What is the name of your state (only U.S. law)?
Florida

I am searching for the best option as far as taxes are concerned in consideration of filing with the state of Florida as an LLC or a Corporation (C,S). What advice can you guys give to someone who is starting a business investing in the acquisitions of foreclosed properties throughout Florida? We buy and resell tax certificates, buy and resell tax deeded properties, and we buy and sell mortgage foreclosed properties. We are figuring an annual net of around $50,000.00...Obviously this stuff will be handled by an attorney but I am seeking all advice. We would like to take into consideration that we have to travel a lot and have expenses that relate to travel such as mileage, meals, lodging, and entertainment. Thank for your help guys...
J
 


seniorjudge

Senior Member
What is the name of your state (only U.S. law)?
Florida

I am searching for the best option as far as taxes are concerned in consideration of filing with the state of Florida as an LLC or a Corporation (C,S). What advice can you guys give to someone who is starting a business investing in the acquisitions of foreclosed properties throughout Florida? We buy and resell tax certificates, buy and resell tax deeded properties, and we buy and sell mortgage foreclosed properties. We are figuring an annual net of around $50,000.00...Obviously this stuff will be handled by an attorney but I am seeking all advice. We would like to take into consideration that we have to travel a lot and have expenses that relate to travel such as mileage, meals, lodging, and entertainment. Thank for your help guys...
J
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