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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
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 dos.myflorida.com backslash sunbiz backslash click on the start a business tab at the top just under the sunbiz.org 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
About the author
I've studied military geography at Huntingdon College in Montgomery and I am an expert in systems philosophy. I usually feel dorky. My previous job was newspaper editor I held this position for 22 years, I love talking about dog walking and etching. Huge fan of Diana Ross I practice motocross racing and collect disney pin trading.
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