LLC license requirements florida [Expert Advice]

Last updated : Sept 22, 2022

What are the requirements for an LLC in Florida?

• The LLC's name and principal place of business.
• Registered agent's name and Florida street address (P.O.
• Registered agent's signature.
• Names and addresses of the LLC's members.
• Name and address of the LLC's manager if manager-managed.

Do I need a license for an LLC in Florida?

While Florida does not require all businesses to obtain a business license, many types of businesses are required to do so at a city or county level. Because LLCs are legal entities, they are still required to obtain any appropriate business licensing depending on the type of work conducted.

WHAT ARE LLC requirements?

• Business Name. Your LLC must have a name that is unique and is not the same or confusingly similar to another business.
• Registered Agent.
• Operating Agreement.
• Articles of Organization.
• Business Licenses and Permits.
• Statement of Information Form.
• Tax Forms.

Does a Florida LLC file a tax return?

LLC in Florida is not required to file a tax return. Its income passes through to its members, who subsequently pay individual income taxes on their shares. For this reason, there are no tax return filing requirements for LLCs in Florida.

Can a Florida LLC have an out of state address?

No. Your business address must be the street address of a physical location. If you want to receive your business's mail at a different address, including a PO box, Florida includes an optional “mailing address” category for that purpose.

How much is a Florida business license?

Florida business license fees vary by locality, as well as the nature and size of your business. They could range from as low as $25 to as high as a few hundred dollars. You have to renew the license and pay a fee every year.

Do you need a license to start a business at home?

Any business, including home-based businesses, must obtain a local city or county business license. This is a basic license that allows the holder to engage in business activities within the local jurisdiction.

Do you need a license to operate a business in Florida?

In Florida, you will need a general business license, called a business tax receipt, if you provide goods and/or services to the general public whether you are operating your new business at home or in a separate commercial location.

Do you have to pay for an LLC Every year in Florida?

After formation, there are two annual costs to maintain a Florida LLC: an annual report fee and a registered agent payment. The annual report fee for a Florida LLC is $138.75 (Florida corporations are $150) due annually between January 1st and May 1st.

Do I need to renew my LLC Every year in Florida?

The State of Florida requires you to file an annual report for your LLC. File your annual report online at the Sunbiz website. To complete the report you mainly just need to confirm preexisting information regarding addresses, your registered agent, and the people authorized to manage your LLC.

Does an LLC expire in Florida?

Florida LLC Renewal is a process that businesses registered as Limited Liability Corporations (LLCs) must undergo each year to remain in good standing with the State of Florida.

What are the 3 types of LLC?

• Single-member LLC for the sole-proprietorship (solo entrepreneur)
• Multi-member LLC (member-managed LLC or manager-member LLC)
• Domestic LLC and Foreign LLC.
• Series LLC.
• L3C Company (low-profit LLC)
• Anonymous LLC.
• Restricted LLC.
• PLLC and LLC.

Can I use my personal bank account for my LLC?

Yes, you can operate a sole proprietorship or an LLC using your personal bank account, but it isn't advisable. Sole proprietorships aren't required to have a separate business bank account unless they trade using a fictitious DBA name (doing business as).

What is the downside of an LLC?

Disadvantages of creating an LLC Cost: An LLC usually costs more to form and maintain than a sole proprietorship or general partnership. States charge an initial formation fee. Many states also impose ongoing fees, such as annual report and/or franchise tax fees. Check with your Secretary of State's office.

How much taxes does an LLC pay in Florida?

Florida is a tax-friendly state that does not impose an income tax on individuals, and has a 6% sales tax. Corporations that do business in Florida are subject to a 5.5% income tax. However, LLCs, sole proprietorships and S corporations are, however, exempt from paying state income tax.

How does an LLC avoid paying taxes?

A general Corporation making a Subchapter “S” Election or an LLC with or without a Subchapter S Election pays no federal tax on its taxable income and no employment taxes on its distributions to stockholders.

What are the benefits of an LLC in Florida?

• Pass-through taxation. LLCs typically enjoy pass-through taxation where the members (owners) report their share of the LLC's profit or loss on their individual tax returns.
• Flexibility.
• Fewer formalities.

Can I use a PO Box for my LLC in Florida?

In Florida, you're required to provide a business address when you form an LLC or start a corporation. This can't be a PO box. It has to be the street address of a physical location.

How do I hide my LLC address?

1. Immediately establish a P.O. Box or CMRA (commercial mail-receiving agency) and NEVER receive mail or packages at home.
2. Remove your home address from any of your company filings with the State and DO NOT serve as your own Registered Agent sharing your home/street address.

How long does it take Sunbiz to approve LLC?

This depends on how you filed. If your Articles of Organization were submitted and paid for online, they will usually be processed within two to three business days. Submissions and payments made by mail will take three to five business days to be processed.

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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 Ivelisse Nanke, have a nice day.
- Josiah Musty, Staff Member

hello everybody i want to first and foremost say thank you thank you so much for taking your time to basically listen to my tutorial on how to fill out an llc in the state of florida i just want to first and foremost say that i am not an attorney i'm not a licensed attorney um i'm just going to i'm just basically explaining to you my process and how i've been able to find llc without an attorney and it's been successful 100 of time that i've done it thank you okay hello everybody so to begin the filing information you basically want to put the date that you actually are filling out this application i mean ideally if you are going to be filling out this application with multiple people have everybody there if not if you if you're by yourself you don't have to worry about that but i would highly recommend if you are a multi-member llc to have everybody with you while you're doing this so the effective date is the date that um you want to fill this out which is why i have the six today's the sixth of january uh 2020 happy new year by the way once again and the filing fee is 125 so now as you can see here you can actually check off the certificate status or certified copy essentially the certificate status lets you know or lets other people know if your llc is in good standing which means have they paid their annual fees by the end of the year or beginning of the year i should say and a certified copy is basically a certified copy of the email that you'll get once your llc is actually approved i really if i wouldn't i never actually checked either those off uh there's not really any need in my opinion even when you have to fill up go to the bank and open the bank account they could easily just go on sunbiz.org search and um find your company there and see that you're in good standing and that should be able to help you get your bank open i've never had any issues with that so with your company name as you can see i just put a you know just a random company name tim jim shack llc make sure you have llc after the name or l period l period c period it specifies that below as you can see but ideally for the company name just to give you a quick pointer you want your company name to a not be taken already be not be taken by any other means and by that i mean make sure all the social handles whether it's facebook instagram twitter linkedin anything else is not taken um the email is not taken as well as a domain is not taken so those are very important um because what you can do an issue that you can actually run into is if you have if you thought of the name of a company and you really like the name and then you realize oh man the domain is taken now you're gonna have to either switch everything for the domain or like switch to email a little bit i mean it's it's just a lot smoother if everything is coherent and is the same rather than you having to put on the email the tim jim shack gmail.com or the the tim jim shack dot com um things like that because it's it just looks a little bit sloppy so do your research on the company name a good pointer is a app i've actually used in the past it's called name checker essentially what it does is you have uh it actually shows you the social handles the email and i believe the domain as well uh in regards to a company name that you might be looking for and it lets you know what's available was taken if everything's available you're good to go if not you might want to reconsider but you know the company name is very important so once you fill out the company name you want to put the principal place of business um basically you know put put wherever um the the place of business the company is is pretty self-explanatory the mailing address typically is the same if you have a po box i'd recommend you putting stuff in the po box essentially because if you are using your home address as the principal place of business then you you don't want your other males to get mixed up within your your company mail so po box could be good for that if not just use your your principal mailing address it's not a big deal but i would highly highly recommend a po box now a name of a registered agent so basically registered agent is someone that's going to report to the department when you have to file things the registered agent can be a member of the company or it can be um somebody a third party essentially um but the address cannot be the appeal box as i mentioned before so essentially after that you have to um put the signature of the registered agent that you decide now any provisions for any other provisions i've never actually never filled this out um i've never had to and i never had any issues with it so this is now going to talk about the notice of annual reporting like i mentioned earlier by the end of the year and starting of every new year you're going to have until january 1st to may 1st of every year to basically pay your dues which is a little bit under 140 dollars uh to remain active in the department of florida's eyes if not you either may suffer a hefty late fee of about 400 or you just will remain inactive um so just keep up to date with that if i were you i'd put a reminder on your phone just like hey i gotta pay um the annual fee with to to basically avoid any confusion or any problems in the future so correspondence name and email essentially this is going to be where everything's going to be emailed to you it can be the owner you can put you can be it could be the owner it could be the company's email it could be um just a side email just for business uh documents from the government whatever you want to do i just put an email for this like you mentioned before you want to do electronic signature do that now it's going to go a little bit into more of the personnel in your company so this part is actually very important now in terms of llc you can either be a member um llc member based llc or a manager-based llc so basically the difference is a manager can be a member and members are typically the owners of the llc but a manager can also be a third-party entity that kind of makes the decisions of the companies for you now the difference between that and a member based llc is the members aka the owners actually make all decisions for the company they don't have a third party to do that and lastly you can also have a authorized representative or authorized person authorized by either the members or the managers to make the decision to excuse me to sign off documents for you for the articles of florida to get things done for you but ideally if you are just a couple people um you you might as well just put members um because you are the owners if you actually have a large group of individuals that are going to be a part of this llc then that's probably the time i would i might want to consider you know consulting with an attorney just for a asset perfect protection purposes uh because there's gonna be a lot of you um and if you are actually a large group and you are you want to kind of third party this operation to a to a different entity you can do that as well but essentially let's say you you're two or t

Thanks Kym your participation is very much appreciated
- Josiah Musty

About the author

Josiah Musty

I've studied chaos theory at Franklin W. Olin College of Engineering in Needham and I am an expert in artificial neural network. I usually feel excited. My previous job was procurement clerks I held this position for 13 years, I love talking about leather crafting and bagpipes. Huge fan of Led Zeppelin I practice skeleton and collect brands.