Florida Asset Protection Law Blog

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Reducing Self Employment Tax With LLC Taxed as Partnership

Reduction of employment taxes is part of asset protection planning involving limited liability companies. An LLC may elect to be treated for income tax purposes as either a partnership or a Subchapter S corporation. Advisors typically suggest taxation as an S corporation in order to minimize the amount of LLC…

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Are Employee Benefits Subject To Wage Garnishment?

A client wanted to know if his employee benefits would be subject to garnishment. Most judgment debtors do not qualify for a head of household exemption from continuing garnishment of salary and wages provided by Florida Statutes. This particular client asked about whether certain forms of compensation from his employer…