This guide provides a comprehensive overview of the tax obligations for event planning LLCs in Florida for 2026. Understanding these requirements is crucial for financial stability and compliance. For related guidance, see our article on starting a business in Florida. Leverage Lovie's AI-powered platform to automate your tax management and ensure accurate filings.
As an event planning LLC in Florida, your tax structure depends on elections made with the IRS. By default, a single-member LLC is taxed as a sole proprietorship, while a multi-member LLC is taxed as a partnership. You can also elect to be taxed as an S-Corp or C-Corp, each having different implications for self-employment tax and corporate income tax. For more details, see our guide on how to register an LLC in Florida. Florida also has no state personal income tax, which can be a significant advantage.
Single-member LLCs pay self-employment tax (15.3%) plus income tax on all net profits, reported on Schedule C of the owner's personal tax return.
If you use a portion of your home exclusively and regularly for business, you may deduct expenses related to that area.
Deduct ordinary and necessary expenses, such as marketing, advertising, insurance, travel, and office supplies. Deduct the actual expenses of operating your vehicle or take the standard mileage rate ($0.67 per mile in 2024, adjust for 2026).
Pay estimated federal income and self-employment taxes to avoid penalties.
File and pay sales tax collected from taxable sales. File and pay payroll taxes withheld from employee wages.
Start your formation with Lovie — $499 one-time, state filing fee included.
State-specific formation guides, cost breakdowns, compliance checklists, and expert comparisons — updated for 2026.