Corporate Tax in Davie, Florida

Find the right Corporate Tax attorney in Davie, FL

Corporate Tax Lawyers in Davie

In Davie, Florida, a "corporation" is specified as a legal entity that's separate from its owners. Therefore, from a legal standpoint, the owner of a corporation and the corporation itself are not the same "person."

This concept is referred to as "corporate personhood" in Florida, and it basically means that, for many purposes under the law, corporations are treated the same as individual people, being subject to many of the same rights and responsibilities.

One of a corporation's primary legal commitments is its duty to pay income taxes, as an actual person would.

Corporate Tax Rate in Davie, Florida

Basically every for-profit corporation in the U.S. is required to pay taxes on its income each year. Most states also have their own corporate income tax. All corporations in Davie, Florida are required to pay it.

In most states, and at the federal level, corporations are taxed at a different rate than individuals. At the federal level, the corporate income tax maxes out at 35% for corporations that earn more than .3 million per year. Corporations that earn less than ,000 per year are taxed at 15%. There are many tax brackets in between. Nonetheless, the individual federal income tax rate tops at 33%.

There's also a good chance that the tax rate applicable to corporations in Florida differ from the individual tax rates. Some states feel that the best economic policy is to attract as many businesses as they can. Therefore, in some states, the corporate tax rate is lower than the individual tax rate.

In any case, Davie, Florida corporations have to pay both the state and federal income tax. If they fail to do so, they can be subject to grave penalties, such as very large fines. These fines can be big enough to put some smaller companies out of business. Suffice to say, it's normally cheaper for corporations to pay their taxes than to not.

How Can a Davie, Florida Corporate Tax Lawyer Help?

Many larger corporations have lawyers and accountants who guarantee that they are in complete compliance with both state and federal tax law.

But if you are the owner of a small corporation in Davie, chances are you don't have a full-service legal department on your payroll. Therefore, if you need help with your corporate taxes, it's essential that you speak with a lawyer in Davie, Florida who practices tax law.

Talk to a Tax Law Attorney now!

Life in Davie

Davie, Florida is a city filled with history. It was first named Zona. In 1909 a gentleman named Robert Parsell Davie, who was a developer, came into Zona and drained out the swamplands, which were filled with mosquitoes. The people of the city were so thankful that they renamed the city Davie after the developer. Davie is known to many as a "Western town," rather than a city because many people own horses and herd cattle.

Some popular attractions in Davie include the Flamingo Gardens, Miami Dolphins Training Facility, Bergeron Rodeo Grounds, Bamford Sports Complex, and Young At Art Museum.

Now, Davie has become more city-like, and it not just a place filled with horses and cattle. Davie, in fact, is home to many small law offices. Attorneys in Davie are very intelligent, and devoted to serving their community.

All in all, if you are looking for a small town with a lot of love, hospitality, and a legal force presence, Davie is the place to be!

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