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Written by : Moses Ockimey |
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how to form an LLC in Florida Florida is an excellent place to form a new LLC the Sunshine State has the lowest income taxes in the country and is number one in economic growth prospects every state has slightly different requirements performing an LLC follow along closely to learn the required steps for creating your own limited liability company in the state of Florida there are two ways to form an LLC in Florida you can form one yourself or you can hire a service to do it for you let's start by looking at the five basic requirements to form an LLC in Florida on your own you can also find these steps in more detail on our website linked in the description below 1 name your LLC every state has its own rules about what kind of names are allowed for LLC's in general you will need to observe these naming guidelines your name must include the phrase limited liability company or one of its abbreviations LLC or LLC with a period following H letter restricted words such as Bank Attorney law office etc may require additional paperwork and may also need a licensed professional to be part of the LLC your name cannot include words that could confuse your LLC with a government agency such as FBI Treasury State Department etc you cannot use a name that has already been registered to see if your name is available in your state you'll need to do a name search this free service is available on your state's Secretary of State website check out our free guide for finding the direct link to your state we also recommend that you check to see if your business name is available as a web domain even if you don't plan to make a business website today you may want to buy the URL in order to prevent others from acquiring it to choose a registered agent Florida requires that you nominate a registered agent for your LLC who is the business's point of contact with the state the registered agent can be an individual within the company including yourself or you can hire a professional service authorized to do business in Florida they will send and receive legal papers on your behalf these documents include official correspondence like legal summons and document filings which your registered agent will receive and forward to you your registered agent will help remind you to file the nest Cerie reports failure to properly maintain your LLC can result in fines and dissolution so this assistance is valuable 3 file the articles of organization to register your LLC you will need to file the articles of organization with the state of Florida this can be done online at the my Florida Sun biz website or by mail when filing you will need to consider the management structure of your LLC we recommend learning more about member managed versus manager managed LLC's before you file in Section 4 of the articles of organization you will be asked about your LLC's management structure this section can be left blank however if you plan to open a business banking account the bank may require you to list the name of at least one authorized representative this can be a manager or member in your articles of organization since it's important to open a separate bank account for your LLC most people add the name of the person who will open the account you do not need to list every member for create an operating agreement although not every state requires it you should always create an operating agreement to establish ownership terms and member roles for your LLC this foundational document is the core of your LLC and will help you maintain your organization as well as further establish your LLC is a separate legal entity there are six main sections of an operating agreement organization outlines when and where the company was created who the members are and how the ownership is structured management and voting addresses how the company is managed as well as how the members vote capital contributions covers which members financially support the LLC and how more funds will be raised in the future distributions outlines how the company's profits and losses are shared among members membership changes describes the process for adding or removing members as well as if and when members can transfer their ownership shares and dissolution which explains the circumstances in which the LLC may be dissolved an operating agreement is an internal document it does not need to be filed with the state however it should be updated every time there is a change in membership or management at the company you can download a free sample operating agreement or create a custom one using our free operating agreement tool at how to start an LLC com 5 obtain an ein lastly you'll need to get an employer identification number or ein from the IRS also known as a federal tax identification number your EIN is like a social security number for your LLC and is how the IRS tracks your business for tax purposes an ein is also necessary to open a business banking account and legally hire employees Aeons are free of charge and can be obtained from the IRS online or through the mail and with that you'll have formed a Florida LLC on your own option to hire a professional service the second way to create a Florida LLC is the hire professional service to create your LLC for you hiring a professional service to file your forms and act as your registered agent for the LLC will cost you an additional fifty to one hundred and fifty dollars however there are several benefits to working with a pro a hired registered agent helps with getting your reports filed on time helps you stay organized by keeping your business mail separate and is available at all regular business hours to accept official mail and legal papers on your LLC's behalf a final and important additional benefit of using a service is privacy the professional service will provide a level of privacy by withholding your personal name and home address from the LLC's contact information there are many reasons you might not want your personal information easily accessible and associated with your business hiring a professional LLC for mation service is an easy way to accomplish this now that you have seen the different requirements and ways you can form an LLC in Florida visit our site and take some time to research your options and establish a solid foundation for your business activities click on the links in the description below to research the top five professional formation services or get more information on how to form a Florida LLC on your own now you know all the steps to form an LLC in your state for a more detailed guide go to how to start an LLC com you can also create an operating agreement and use our business plan tool free of charge give the video a like if you found it useful and subscribe if you'd like to see more and if you have questions or encounter any roadblocks leave a comment below good luck and starting your small business you
Thanks for your comment Peggie Tangabekyan, have a nice day.
- Moses Ockimey, Staff Member
the time required for florida corporation or llc to be formed will depend entirely upon the florida secretary of state's office many states process filings promptly and efficiently but many don't and can be very slow unless expedited processing is used if time is important you should consider the following processing options that will substantially reduce the time required to form your business priority processing time to process your corporation or llc formation varies by state with routine processing taking four to six weeks or even more in the slowest states priority processing will reduce that time we will put your processing ahead of non-priority processing and send your documents to the state electronically or by overnight delivery service we will also use overnight delivery service to send your documents to you if time is important you should use expedited or rush processing expedited processing time to process your corporation or llc formation varies by state with routine processing taking four to six weeks or even more in the slowest states expedited processing will reduce that time to about 10 business days or less with the exception of just a few states your processing will be put ahead of non-priority processing and overnight delivery service will be used to send your documents to you your documents will either be hand delivered to the state or sent electronically or by overnight delivery service in addition any expediting service offered by the state will be used state fees may apply if time is important you should use expedited or rush processing rush processing time to process your corporation or llc formation varies by state with routine processing taking four to six weeks or even more in the slowest states in states where it is available rush processing will reduce the time to form your business to about two to three business days your processing is assigned top priority and overnight delivery service will be used to send your documents to you your documents will either be hand delivered to the state or sent electronically or by overnight delivery service in addition all state expedited and rush processing services offered will be used state fees may apply if time is important you should use expedited or rush processing time required by max filings to process your order can be measured in hours so you can rest assured any delays are due to circumstances beyond our control
Thanks Rosariab your participation is very much appreciated
- Moses Ockimey
About the author
I've studied zootomy at Montana Tech in Butte and I am an expert in atmospheric science. I usually feel hyper. My previous job was personal service supervisor I held this position for 7 years, I love talking about gaming (tabletop games, role-playing games, and record collecting. Huge fan of John Wayne I practice athletics and collect rocks.
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