Leiva CPA - Certified Public Accountant
Business Start Up and Corporate Communications
After carefully evaluating your unique situation, Rolando Leiva will guide you through the process of starting your business. If a corporation is your ideal entity type, rolando will prepare all the required documents in order to open your corporation .

Assist in preparing tax advantageous articles of incorporation for a florida corporation

Prepare ss-4 irs form in order o obtain employer id #

Prepare form 2553 in order to apply for s-corp status (designed to minimize overall federal & state tax liability)

Prepare fla dept of revenue form dr-1 in order to apply for a sales tax # (if applicable)

Prepare fla dept of rev ucs-1 form in order to apply for state of fla div of unemployment compensation tax id# (needed if corp will have employees).
Choose your entity type S-Corp vs Schedule C vs C-Corp
Entity Tpe Net Income Special Condition
S-Corporation Over $ 15,000 All owners are US residents
Schedule C Under $ 15,000 US Resident
Limited Liability Company Over $ 15,000 Some owners are not US residents
C-Corporation Over $ 15,000 Owners are planning to be reinvesting the profits (not taking out any dividend distribtutions)

Why is S-corp the best entity type ?
 The following example explains why presently the S-Corp is the favorite entity type of our PA

Entity
C-Corp
S-Corp
Sched C
LLC
Sales
$100,000
$100,000
$100,000
$100,000
Deductible costs
($60,000)
($60,000)
($60,000)
($60,000)
Taxable income
$40,000
$40,000
$40,000
$40,000
Tax corp 20%
$ 8,000
-0-
-0-
-0-
Tax indiv 15%
$ 4,800
$ 7,500
$12,000
$12,000
Total taxes paid
$ 12,800
$ 7,500
$ 12,000
$ 12,000

To contact Rolando Leiva with business startup inquires, please click here
CERTIFIED PUBLIC ACCOUNTANT
Rolando Leiva C.P.A., is the President of the wholly owned Professional Association (P.A.). Rolando manages all aspects of the PA on a day to day basis and is ultimately responsible for the quality of all services rendered. Rolando graduated from Florida International University in 1982 with a major in Accounting and Bachelors in Business Administration.

Rolando Leiva, CPA