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Form Instructions 2553 Florida Hillsborough: What You Should Know

Form 2553 and the S Corporation Possess Your Business, Not Your Life. “The only thing better than owning a business is running a business.” — Charles Schwab, CEO/Founder Charles Schwab & Co. “The biggest benefit of a limited liability will be the flexibility to hire and fire people. It will allow you to make the right decisions for your organization at the right time or just after a bad day.” — Michael L. Hoffman, president and CEO ATR Direct  The S Corporation is a business that is owned by a non-profit. This will ensure that if for some reason your business goes under, you and your family don't lose every last penny of your life's savings. You don't have to worry about creditors or taxes — your business is your business and your personal finances are separate from your business's money.   When you are ready to set up a limited liability company in Hillsborough County and operate your business, we can set it up for you and help you get going. The first step in getting started is filling out our limited liability company (LLC) application. Once we have received your application, you will need to fill out the S Corp. Operating Agreement. The Operating Agreement outlines your responsibilities for operating your LLC and provides a schedule for each of your financial and accounting decisions.

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