Florida real estate LLCs are common. Starting an LLC is easy and provides several advantages.
If your real estate firm is sued, an LLC may safeguard your personal assets (vehicle, home, money). LLCs are credible and tax-saving.
Easy to start a Florida real estate LLC
Florida’s Department of State accepts Articles of Organization for real estate LLCs. Florida LLCs cost $125.
Real estate LLC formation begins with a firm name. Your company name must fit Florida naming regulations.
Articles of Organization will register your name.
Check Florida for name availability. Online LLC name searches may help you find available company names.
Check whether your business name is a domain. Buy the URL to prevent others from using it.
Articles of Organization need a registered agent.
Your LLC’s registered agent accepts legal papers like service of process and tax notifications.
Registered agent might be a person or a service. Many company owners choose to employ a registered agent service.
Before hiring a registered agent, consider:
To register your Florida LLC, submit Articles of Organization with the state. Online or through mail.
Real estate LLCs should consider S Corp tax status. An S corp might bring tax advantages to your real estate firm.
An LLC operating agreement covers ownership and member obligations.
Operating agreements benefit even single-member LLCs.
Your operating agreement should include:
Your real estate LLC operating agreement may include clauses that don’t violate Florida law.
EINs are used by the IRS to identify and tax companies. It’s a business’s SSN.
After Forming an LLC
