For those of you who know more about Florida:
In my state (Tennessee), there is no income tax. However if you form an LLC in Tennessee, it becomes taxable as a Tennessee Corporation, and there is a 6% ding.
Florida is another state with no income tax. If an LLC is created in Florida, does that change the tax structure? If so, how?
Thanks in advance.
In my state (Tennessee), there is no income tax. However if you form an LLC in Tennessee, it becomes taxable as a Tennessee Corporation, and there is a 6% ding.
Florida is another state with no income tax. If an LLC is created in Florida, does that change the tax structure? If so, how?
Thanks in advance.
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