Business Succession & Wealth Strategy in Florida
Florida's lack of state income tax and strong homestead and asset-protection laws attract business owners nationwide — but the federal estate tax, buy-sell funding gaps, and key-person exposure don't disappear at the state line.
Why Florida Business Owners Need a Specialized Advisor
Florida's economy spans real estate development, healthcare, hospitality, logistics, and a rapidly growing financial services sector. Many business owners relocate to Florida for tax advantages, but federal estate tax, generation-skipping transfer tax, and key-person exposure still apply. Florida's tenancy-by-the-entirety protections and homestead laws provide certain creditor shields, but they do not replace the need for funded buy-sell agreements, ILITs, and coordinated trust planning.
SRG Consulting PLLC works with closely held business owners across Florida to connect commercial funding, succession planning, buy-sell funding, key-person protection, executive benefits, and estate strategy into a single coordinated architecture. We coordinate with your existing CPA and estate attorney rather than replacing them.
Succession Planning
Design an exit, transfer, or sale on your terms — not your successor's.
Buy-Sell Funding
Ensure ownership transfers are executable the moment they are triggered.
Key-Person Protection
Protect enterprise continuity from the sudden loss of critical leadership.
Executive Benefits
Retain top talent with deferred compensation and golden handcuffs.
Estate & Trust Strategy
Mitigate estate taxes and protect family wealth through advanced trusts.
Commercial Funding
SBA loans, equipment financing, and working capital for growth and acquisition.
Key Industries We Serve in Florida
- Real Estate & Development
- Healthcare & Life Sciences
- Hospitality & Tourism
- Logistics & Distribution
- Financial Services
- Construction
FL Regulatory & Tax Context
Florida offers strong homestead protection and tenancy-by-the-entirety creditor shields, but these do not protect business assets or replace trust-based planning. SRG Consulting PLLC coordinates with Florida estate attorneys to ensure trust structures comply with Florida's specific trust and entity rules.
Florida has no state income tax and no state estate tax, which simplifies state-level planning. However, federal gift, estate, and GST taxes remain the primary exposure. Business owners should not confuse state-level advantages with federal transfer tax liability.
Frequently Asked Questions
I moved my business to Florida for tax reasons — do I still need a buy-sell agreement?
Yes. Florida's tax advantages reduce state-level friction, but they don't address what happens when a partner dies, becomes disabled, or wants to exit. A funded buy-sell agreement is still essential to prevent ownership disputes, ensure business continuity, and provide liquidity for the deceased owner's family.
Does Florida's homestead protection cover my business assets?
No. Florida's homestead protection applies to your primary residence, not business assets. Business interests require separate protection through entity structuring (LLC charging-order protection), trust planning, and properly funded insurance. Homestead and tenancy-by-the-entirety protections are complementary, not substitutes.
How does Florida's lack of state estate tax affect my planning?
It eliminates state-level estate tax, but federal estate tax remains a significant exposure for business owners with appreciating enterprise value. The planning focus shifts to federal exemption utilization, valuation discounts, ILIT-funded liquidity, and trust-based freeze strategies.
Start With The Business Owner Exposure Score™
Identify your exposure across funding, succession, key-person protection, buy-sell planning, estate transfer, and wealth preservation.
Take the Exposure Score Assessment