Tax Law
Eric Gros-Dubois

Is There Self-Employment Tax for a LLC with Passive Income?

If a LLC member is not personally liable for the LLC’s debts, has no authority to contract for the LLC, or does not participate in the LLC’s business for more than 500 hours per year, their income is considered passive, and therefore, not subject to self-employment tax.

Read More »
Real Estate Law
Eric Gros-Dubois

What are the Setbacks Required on my Property?

A Setback is the distance from the Base Building Line (the officially mapped street line) to the point where a building may be constructed. The City of Miami provides setback requirements for property owners in the Miami 21 Zoning Code.

Read More »
Business Litigation
Eric Gros-Dubois

Don’t be Fooled by “Attorneys…”

Many states have tried providing education to the public to be careful in who they hire to help with their legal problems.  Additionally, many states, such as Florida, have established programs to protect the public against harm caused by individuals pretending to be attorneys.

Read More »
Business Law
Eric Gros-Dubois

What to Know About the British Virgin Island Economic Substance Act

The Act came into effect on January 1, 2019 and was amended on January 30, 2019.  The Act was established based on concerns rising from the EU (European Union) Code of Conduct Group for Business Taxation and OECD (Organization for Economic Co-operation and Development) guidance around the economic substance of entities in jurisdictions a very low to zero percent corporate tax.

Read More »
Business Law
Eric Gros-Dubois

Dissolving a Delaware Corporation

Corporations lean on Delaware’s favorable business laws when it is time to incorporate their business. However, what happens when you want to dissolve your Delaware corporation?

Read More »
Foreign Reporting
Eric Gros-Dubois

What’s the Deal with GILTI?

Introduced in 2017 as part of the Tax Cuts and Jobs Act, GILTI, or “Global Intangible Low Tax Income,” is an outbound provision that broadens the scope of foreign earnings subject to U.S. taxation with the goal of reducing the incentive to shift corporate profits out of the U.S. into low or zero-tax jurisdictions.[1] Applicable to large multinational companies and to U.S. shareholders of certain foreign corporations, GILTI is fundamentally an anti-deferral provision that limits the amount of foreign income a U.S. shareholder can defer from U.S. tax.

Read More »
FREE DOWNLOAD

The Entrepreneur's Handbook

This is a quick legal reference guide covering 16 topics that every business owner needs to have to start a business.

DESARGA GRATUITA

El Manual del Empresarios

Esta es una guía rápida de referencia jurídica que cubre 16 temas que cada empresario necesita saber para empezar un negocio.