If you are thinking about starting a business in these very challenging times and not really sure of the advantages and disadvantages of creating one of the different types of entity selection available, we have some very good news for you. At Heekin Law, P.A. we help business owners in choosing the right type of business structure they will need to be successful. Business Law is an exacting field practiced by experienced attorneys not only familiar with the legalities involved but also the practical application of sound business principles which help to guide all businesses and their shareholders. The forming of a business usually starts with Entity Selection as in creating either a partnership, sole proprietorship, limited liability company (LLC), or a corporate entity like an S Corp all having unique strengths and weaknesses that need to be considered. At Heekin Law, P.A. our lead business law attorneys, Geoff Heekin and Ariel Spires believe the most appropriate way to determine which type of entity selection best fits a particular business model, should be based on a review of the business concept, understand the structure, organizational makeup, product, and goals set forth. Out of that entity selection would come the transactional contracts and agreements necessary to support a Partnerships, Corporation, shareholder agreements, memberships, employee contracts, and others needed at the start-up stage. But choosing the correct entity that best fits the business’s needs, is foundational for long-term success.
One of the most important considerations for a small business start-up is how will the taxes be paid by the business as well as the individuals who own the company. An S Corporation, or S Corp as it is commonly referred to, is a business set up as a corporation that has applied for an S Corporation tax status, nothing more. Though this type of corporate business entity does still offer business owners certain protections against personal liability and business debt it allows income generated by the business to not be taxed as a corporation. Instead, the income generated by the business passes through as income on the principal’s or shareholder’s personal income taxes. The actual purpose of the pass-through income is to avoid double taxation, once at the corporate level and corporate rate and then again reported as personal income on the individual’s tax returns. The distinct advantage for a small business electing S Corp status is that the proceeds of monies paid to the S Corp are added to any other income the individual(s), if filing jointly, might have realized during the taxable year. S Corp rules include that the business must operate and be based solely in the United States, shareholders must be US citizens or legal residents, only one class of stock can be issued and no more than 100 shareholders can own common stock issued by the S Corporation. S Corp’s are also restricted to individuals, human beings; partnerships or corporations or even non-residents cannot be shareholders. Only certain types of companies are eligible for S Corp status prohibiting financial businesses and businesses that gain the majority of their profits from international sources. The disadvantages are marginal for most small business startups, which by their nature usually have a limited number of shareholders who would invest. Additionally, since individual income from the S Corp is passed through to their personal tax returns, the added income could place the shareholder into a higher tax bracket, meaning they would pay more tax.
At Heekin Law, P.A. we do so much more than our name implies. Though we are well seasoned in settling business matters in a court of law, usually as a last resort, we also provide guidance on creating a business so that we can help limit a business’s exposure to possible legal entanglements down the road. Proper name selection on a state-by-state basis, registration of the business in the state you will be incorporating and applying with the IRS for an Employer Identification Number (EIN) to secure the proper licensing and permits if required to operate your business and pay taxes. We can also provide legal counsel on the one class of stock that can be issued to shareholders. At Heekin Law, P.A. our consultations are always free and we perform both transactional and litigation services for clients throughout Florida. Give us a call at 904-355-7000. Our commercial and business law legal practice also includes guidance on HOA and COA matters, real estate/landlord disputes, and all types of construction law matters. We have over 50 years of shared business law experience and assisting clients in bringing and defending legal actions in all local, state, and federal courts.
We firmly believe that the internet should be available and accessible to anyone, and are committed to providing a website that is accessible to the widest possible audience, regardless of circumstance and ability.
To fulfill this, we aim to adhere as strictly as possible to the World Wide Web Consortium’s (W3C) Web Content Accessibility Guidelines 2.1 (WCAG 2.1) at the AA level. These guidelines explain how to make web content accessible to people with a wide array of disabilities. Complying with those guidelines helps us ensure that the website is accessible to all people: blind people, people with motor impairments, visual impairment, cognitive disabilities, and more.
This website utilizes various technologies that are meant to make it as accessible as possible at all times. We utilize an accessibility interface that allows persons with specific disabilities to adjust the website’s UI (user interface) and design it to their personal needs.
Additionally, the website utilizes an AI-based application that runs in the background and optimizes its accessibility level constantly. This application remediates the website’s HTML, adapts Its functionality and behavior for screen-readers used by the blind users, and for keyboard functions used by individuals with motor impairments.
If you’ve found a malfunction or have ideas for improvement, we’ll be happy to hear from you. You can reach out to the website’s operators by using the following email
Our website implements the ARIA attributes (Accessible Rich Internet Applications) technique, alongside various different behavioral changes, to ensure blind users visiting with screen-readers are able to read, comprehend, and enjoy the website’s functions. As soon as a user with a screen-reader enters your site, they immediately receive a prompt to enter the Screen-Reader Profile so they can browse and operate your site effectively. Here’s how our website covers some of the most important screen-reader requirements, alongside console screenshots of code examples:
Screen-reader optimization: we run a background process that learns the website’s components from top to bottom, to ensure ongoing compliance even when updating the website. In this process, we provide screen-readers with meaningful data using the ARIA set of attributes. For example, we provide accurate form labels; descriptions for actionable icons (social media icons, search icons, cart icons, etc.); validation guidance for form inputs; element roles such as buttons, menus, modal dialogues (popups), and others. Additionally, the background process scans all of the website’s images and provides an accurate and meaningful image-object-recognition-based description as an ALT (alternate text) tag for images that are not described. It will also extract texts that are embedded within the image, using an OCR (optical character recognition) technology. To turn on screen-reader adjustments at any time, users need only to press the Alt+1 keyboard combination. Screen-reader users also get automatic announcements to turn the Screen-reader mode on as soon as they enter the website.
These adjustments are compatible with all popular screen readers, including JAWS and NVDA.
Users can also use shortcuts such as “M” (menus), “H” (headings), “F” (forms), “B” (buttons), and “G” (graphics) to jump to specific elements.
We aim to support the widest array of browsers and assistive technologies as possible, so our users can choose the best fitting tools for them, with as few limitations as possible. Therefore, we have worked very hard to be able to support all major systems that comprise over 95% of the user market share including Google Chrome, Mozilla Firefox, Apple Safari, Opera and Microsoft Edge, JAWS and NVDA (screen readers), both for Windows and for MAC users.
Despite our very best efforts to allow anybody to adjust the website to their needs, there may still be pages or sections that are not fully accessible, are in the process of becoming accessible, or are lacking an adequate technological solution to make them accessible. Still, we are continually improving our accessibility, adding, updating and improving its options and features, and developing and adopting new technologies. All this is meant to reach the optimal level of accessibility, following technological advancements. For any assistance, please reach out to