cost to file a llc in florida [FAQs]

Last updated : Aug 9, 2022
Written by : Winston Matusek
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cost to file a llc in florida

How do I file an LLC in Florida for free?

Call the Florida Incorporation Service Toll Free: 800-370-2942. Florida Incorporation Service provides helpful information and clarification as you form your Limited Liability Company (LLC).

Is LLC free in Florida?

In Florida, you must pay the state a $125 filing fee to set up an LLC and designate a registered agent. You'll pay more if you hire someone else to fill out the paperwork.

How long does it take for an LLC to be approved in Florida?

Florida LLC Approval Times Mail filings: In total, mail filing approvals for Florida LLCs take 3-4 weeks. This accounts for the 5-7 business day processing time, plus the time your documents are in the mail. Online filings: In total, online filing approvals for Florida LLCs take 1-2 business days.

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 have to renew my LLC Every year 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.

How much is a EIN number in Florida?

Applying for an Employer Identification Number (EIN) is a free service offered by the Internal Revenue Service. Beware of websites on the Internet that charge for this free service.

What are the steps to forming an LLC in Florida?

  1. Name Your Florida LLC.
  2. Choose Your Registered Agent.
  3. Prepare and File Articles of Organization.
  4. Receive a Certificate From the State.
  5. Create an Operating Agreement.
  6. Get an Employer Identification Number.
  7. Obtain your Florida Business License.
  8. Establish a Bank Account.

How long does it take for 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.

How much does it cost to start a small business in Florida?

The rough estimate for starting a business in Florida is around $400 to $3,000. The bare minimum cost of $400 just covers the registration and paperwork required to start a business in Florida. The cost can go up to $3,000 or more depending on the size, industry, ownership and tax structure of your business.

How much is a business license in Florida?

Florida Business License Cost and Fees Generally, you can expect to spend less than $100 on a license. If you are unsure of the specific Florida business licenses and permits that you will need, then can help. We will compile the necessary licenses based on the information that you provide.

Can I be my own registered agent?

You can act as your own Registered Agent for a corporation or LLC as long as you have a physical street address in the state where your corporation or LLC is formed. The actual corporation or LLC being formed, however, cannot name itself as its own Registered Agent.

Do I need a registered agent for my LLC in Florida?

Florida requires a registered agent and a registered office for every corporation, limited liability company (LLC), and limited partnership that is either organized in Florida (a domestic entity) or organized in another state, territory, or country and that conducts business in Florida (a foreign entity).

How do I form a single member LLC in Florida?

How to Form an FL Single-Member LLC. A Florida single-member LLC is not formed any differently than a multi-member LLC. You form an LLC by filing Florida LLC Articles of Organization with the Division of Corporations and paying the appropriate fee. A single-member LLC can be formed online, by mail, fax or in-person.

Can you be your own registered agent in Florida?

A business entity with an active Florida filing or registration may serve as a registered agent. An entity cannot serve as its own registered agent. However, an individual or principal associated with the business may serve as the registered agent. The registered agent must have a physical street address in Florida.

Do LLCs pay taxes in Florida?

LLCs in Florida Like S corporations, LLCs, except those that are also incorporated, are shielded from state income tax, and their owners pay no tax to the state of Florida on the personal income that passes through to them from the businesses.

Is Florida a good state to form an LLC?

Yes, Florida is a good state to establish your LLC in. Some of the benefits include: Protection of your personal assets. Pass-through taxation.

How much does it cost to make an LLC?

You can file the LLC filing documents online, by mail, or in-person when visiting the local SOS office. The filing costs usually vary from $50 to $150 which is a single-time fee. If you plan to form your company in another state, then you might have to provide additional documentation and pay a higher formation fee.

Do you need a EIN to file annual report in Florida?

In addition, you can change both the principal and mailing addresses of your business, the address of your registered agent, and your business's employer identification number (EIN). But, even if there are no changes in your business information, you are still required to file an annual report.

How do I pay my business taxes in Florida?

Electronically File and Pay with the Department File the Florida Corporate Short Form Income Tax Return (Form F-1120A) File Form F-7004. Pay the corporate income tax due on Forms F-1120 and F-1120A. Pay the tentative tax due on Form F-7004.

What is a sole proprietorship vs LLC?

An LLC exists separately from its owners—known as members. However, members are not personally responsible for business debts and liabilities. Instead, the LLC is responsible. A sole proprietorship is an unincorporated business owned and run by one person.

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cost to file a llc in florida

Comment by Randa Hawrylak

subscribe to our channel bpm helps you start and run your remote business and llc is one of the best asset protection tools available to entrepreneurs today it provides stronger credibility liability protection and no state income tax did you know there were over 530 000 llc's formed in the state of florida in 2021 alone before you join the fun in the sun here's everything you need to know about formation and maintenance costs when forming your florida llc cost of forming a florida llc the minimum you'll have to pay is 125 and it's broken up further into these costs the articles of organization for 100 this is a one-time fee to make your llc officially operate like the official birth certificate for your business next florida has a mandatory registered agent designation fee for 25 dollars you must pay this regardless of who you choose as your registered agent it's your placeholder to operate in the state of florida now i'm going to dive into the registered agent options you can be your own registered agent with no additional charge with the 25 but it's not recommended since it can compromise your security because your name and address will be publicly available online or you can use the third party registered agent service but again this isn't recommended because it can get very expensive or you can use a virtual mailbox with a bpm virtual mailbox you can get one for free just pay the virtual mailbox price you can have the best of both worlds with a business address from your virtual mailbox and a service to handle your registered agent responsibilities on your behalf because vpm is a virtual mailbox you'll be able to receive same-day notifications through your online account when service or process or legal correspondence is sent to you this ensures you'll never miss a time sensitive deadline business permits and licenses florida does not require a statewide business license so that's one less thing you'll have to worry about but if you're operating in a regulated industry think real estate food service or anything medical related there's a good chance you'll need to apply for a business license through the florida department of business and professional regulation one last formation fee you may have to worry about is a foreign qualification fee for 125 this is only necessary if your llc was formed in another state and is now expanding to florida for example if you're operating your online business in delaware and in florida what are the costs of maintaining your florida llc you'll have an annual report fee for 138.75 your llc's annual report is due may 1st of each calendar year if you forget you'll incur a hefty 400 late fee there's also an amended report fee for fifty dollars this is if you need to make changes to your articles of organization cost comparison chart if you made it this far in the video you're probably pretty confident in your choice to incorporate in florida but in case you're still on the fence here's a handy chart that displays different llc formation costs between some of the more popular states in the state of california llcs making over 250 thousand dollars in annual profits will have to pay additional fees to find out more details go to the article in the link below with that being said all states offer different benefits so be sure to evaluate what you want to achieve for your business because the location matters now that you've solidified your choice in starting your llc in florida be sure to check out all related articles and videos from our channel and for any more questions or things you want to know be sure to leave a comment in this video learn more

Thanks for your comment Randa Hawrylak, have a nice day.
- Winston Matusek, Staff Member

Comment by Chiquita

this video provides step-by-step instructions for how to file a limited liability company in the state of florida online search for sunbiz using a search engine or type in backslash sunbiz backslash click on the start a business tab at the top just under the division of corporations logo and scroll down to limited liability company which is the first option under start e-filing you can click on the blue file or correct florida llc articles of organization button if you are ready or you can scroll down and read the instructions and answers to frequently asked questions under the more information section that section has very helpful information about how to pay how to figure out if your llc's name is already in use how to mail in your application etc if you are unsure if the name of your company is already in use click on the link search records under the more information subsection titled is the llc name already in use this is a good idea to do even if you are sure type the name of your llc in the search field at the top a list of llc's with the exact same name or similar names will pop up if a company already has the exact same name and has an active status that name is already taken and you can't use it if the name is marked enact ua then you have to wait to use that name keep checking back if the llc with your company name is marked inactive or an act their name is available for you to use if you want to keep your name and immediately file but you see a company with your name marked active or ua you can add or subtract something from your llc name to make it slightly different the cost to file is 125 you can add on a certified copy for thirty dollars and a certificate of status for five dollars if you want those items are optional but if you add them it will bring your total to a hundred and sixty dollars if you click on document processing dates you will be able to compare the actual date of when you are looking to file today's date for example and this was 11-121 which was the updated date to the dates of the submissions that the state is currently processing in this case it was processing online new filings of llc's that were submitted on the 27th and 28th so the state was one business day or three calendar days behind our llcs usually took florida one to four days to process okay now you are ready to file click on the blue file or correct florida llc articles of organization button check the box under file articles of organization and click the gray start new filing button fill in an effective date in the fields on the first line i just put the date i filed but you might have a reason to put another date if you want your llc to become effective on a particular date because you want to file your annual report at a particular time so your llc's first annual report is due january 1st of the calendar year following the year of formation if you create your llc late in the calendar year and don't expect to start doing business until on or after january 1st of the upcoming year you should add an effective date of january 1st for the coming year if the effective date is the next calendar year it will delay the requirement to file an annual report until the following calendar year for example if an llc formed on december 1st 2007 puts an effective date of january 1st 2008 the first annual report would not be due until january 1st 2009 i opted to purchase the optional certificate of status and therefore check that box enter the address of your principal place of business this could be your home if you work from home or the physical location of your business it has to be a street address it can't be a p.o box input your llc mailing address it could be your home or the physical location of your business if your business has a mailbox or a po box this is wherever you want to receive mail for your llc if your principal address will be the same as the mailing address check the box for me it was so i checked the box input the name of your registered agent for my llc i input my name title does not mean prefixes such as dr mr ms etc only suffixes such as junior and senior it does not mean a job title either if a business is registering for you input that business name the business registered agent must have a different name from the name of your llc that you are filing you can't fill in both the name and business to serve as registered agent fields under the name and address of registered agents section you have to pick i left the business field blank because i am serving as my own registered agent complete the address fields under the registered agents section this could be the same as the address you filed above or your home address if your business is located in your home and you are the registered agent repeat your home address for this section it can't be a po box i typed my name in the fields in the yellow box next to registered agent signature if a business is your registered agent an individual at that business most likely the one completing the filing will type his or her name here this section has to contain an individual's name not a business name the next box is optional but i chose to type in my llc's organizational mission under the correspondence name and email address i entered my name and personal email address this is because i have not set up a separate email for my business i typed in my name in electronic signature field of the yellow authorized representative box if you have authorized someone else to be a representative and sign and submit for you that person would type his or her name in the box now fill in the name and address under the manager section for each person you have designated as a manager authorized member authorized person or other designated title these are titles of people who can control the company in my llc it's just me so i only input my information it could be you again for this field again ignore the suffix field if you don't have a suffix to your name that's not a job title or prefix field input the address where the managers and authorized person resides repeat as necessary if you have more than one manager authorized member or authorized person it's 25 dollars to add someone on later press the gray continue button on the bottom and review the information if it is correct press the gray continue button you should be taken to a document tracking screen where you should see a document tracking number and a fee there is also a help desk number record the number if you want and press continue you will then be taken to a payment page i paid with a credit card input your credit card and billing information scroll down and press the gray continue button on the center right review your payment take a screenshot if you need to click the great button on the bottom right that says process payment you can save it as a pdf print or both if you want click finish don't worry if you didn't save it as a pdf print or take screenshots you will get email confirmation of your payment and the status of your application including that it was received you

Thanks Chiquita your participation is very much appreciated
- Winston Matusek

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