Incorporate a PA Florida
TURN YOUR TAXES INTO PROFITS!
Every professional who earns commission should form a PA (Professional Association). Besides having the benefits of a company, a PA makes it possible to lower your taxes.
Very few real estate agents know that they can make more money by creating a business entity and not filing Schedule C of their 1040. You may be under the impression that it is confusing and expensive. We are here to debunk these myths and show you that partnering with Dominium Consulting will help you earn more money each year.
Real Estate Agents are subject to income tax and self-employment tax of 13.3%. Both these taxes combined are the cause of why you pay so much tax to the IRS every year.
Dominium Consulting will help you profit more by changing your business classification.
- We'll guide you
STEP
01
LET US FORM A PA FOR YOU!
Call us today to set up your FREE consultation!
Call 1.407.374.2329
STEP
02
Minimize your Taxes
At Dominium Consulting Services, we are committed to helping Real Estate professionals do two things:
- Minimize your taxes
- Maximize your deductions.
STEP
03
Trust and Credibility
Establishing your entity is the first step to reducing your tax liabilities.
Start Today by Contacting us!
- Questions about the Virtual Office?
– Separation of Liability
– More Professional Title
– Less Audits by IRS
– Excellent Tax Benefits for Realtors
– More Deductible Expenses
– S-Corp Election (Pass Through Taxation)
-Please note that although licensees are allowed to incorporate, they may not be licensed or compensated in any way except their legal name; no trade names allowed.
Example; legal name with the proper entity designation would be(Jane Doe, PA) and not as a trade name (Team Jane Doe, PA)
In order to ensure that the process is done correctly, Dominium Consulting can set everything up for you.
“P.A.” is the abbreviation for “Professional Association”, a business corporation engaged in a primary business that provides a professional service. Dominium Consulting Services can also complete the documents necessary to create your professional corporation.
A professional corporation/professional association is an individual or group of individuals, who are licensed in their profession as required by law, and have incorporated for the purpose of rendering the same professional service (doctors, dentists, architects, etc.).
Professional corporations generally may not conduct any other business, must comply with particular conventions in their choice of corporate name (Example, Johnson & Apple, P.A.), and must comply with regulatory requirements of their respective regulating agency.
A professional corporation may be taxed as either a traditional C corporation or as an S corporation.
You would complete the designated section the Sales Associate or Broker Sales Associate Transaction Form (DBPR RE 16) and send with the designated fee. The form and fee will be sent to:
DBPR-CIU-Real Estate
2601 Blair Stone Road
Tallahassee, Florida 32399
The form can be found from the department’s home page, click on “Apply For/Update a License” and follow the applicable links.
Articles of Incorporation $78.75
Apply for EIN $150
Submit S-Corp Form to IRS $275
PA form to DBPR* $100
Registered Agent $95
YOU DISCOUNTED PRICE $395
*YES! Includes Florida Filing Fee
- Form a PA Florida
Guide to US Virtual Office Use
Using your entity
One of the biggest mistakes many agents make is forming a PA or PL, but never changing their license with Florida Real Estate Commission (FREC). The problem is that commission checks will continue to come to your individual name and you won’t reap the benefits of your business entity.
Here is how to properly use your entity:
Tax your entity properly
80% of agents report their income on a Schedule-C of their 1040, which is the best way to ensure you are PAYING THE HIGHEST TAX
We recommend taxing your PA or PL as an S-Corp for two big reasons:
- Save 7.65% – the employer portion of the employment tax.
- Certain deductions are less interesting to IRS for audit purposes.
Guide to US Virtual Office Use
Using your entity
One of the biggest mistakes many agents make is forming a PA or PL, but never changing their license with Florida Real Estate Commission (FREC). The problem is that commission checks will continue to come to your individual name and you won’t reap the benefits of your business entity.
Here is how to properly use your entity:
Break down of Benefits
Personal Asset Protection: Both corporations (PAs) and LLCs allow owners to separate and protect their personal assets. The State of Florida and DBPR offer Realtors some of the best liability protection against lawsuits and business debts in the US yet so few even know about these benefits.
Why Every Realtor Should be a PA;
Why more realtors are not incorporating? That’s a question we ask everyday. It is relatively inexpensive, protects you from lawsuits, and saves a whole lot of money on your taxes.
PA, LLC, LP, PLLC ?
Uma PA, ou associação profissional, é uma entidade empresarial que se limita a profissões específicas. Em contrapartida, uma LLC, ou empresa de responsabilidade limitada, é um híbrido entre uma corporação e uma parceria.
We not only provide accounting, consulting, and investment services, but we also establish a relationship of trust and partnership with our clients. We serve both Brazilian clients and foreigners residing in Brazil, the United States, Europe, Asia, and the United Arab Emirates. Many of them are going through the immigration process and have businesses and investments both in the US and abroad. We would be happy to assist you. Please contact us and schedule a consultation.
Want to receive more information?
[contact-form-7 id=”3061″]- Learn How the Virtual Office Works in the United States
STEP1
Ask for a safe, online and with accompanying of a professional Consultant of Dominium Consulting.
STEP2
We facilitate the entire process from start to finish, for the payment we work accepting all types of card, credit, debit and bank transfer.
STEP3
Get your documents at home or in the office. Your convenience is our priority!
