What are the disadvantages to setting up an LLC in Florida?

 

Well, the disadvantages mainly have to do with cost and expense. It could be that you’re going to have to get a separate bank account, you’re going to have to file a report with the state every year, which means you’re going to have to file a fee with the state every year. Although you get liability protection, there may be certain tax consequences that go along with filing the LLC, and just a paperwork thing. Sometimes its time, paperwork, and cost, those are really the disadvantages that I can think of predominantly.

 

Together we can live in a biblical way and if need be take a biblical approach to law and life.

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