How To Form A Limited Liability Company In Florida

THE FIVE STEPS TO START AN LLC IN FLORIDA Your Florida Limited Liability Company

Select a Florida Registered Agent
Fill up and submit the Florida Articles of Organization.
Make an Operating Agreement for a Florida LLC.
Get an EIN.

It is simple to form an LLC in Florida.

To form a Florida LLC, submit the Articles of Organization to the Florida Division of Corporations. The price for filing is $125. This may be done either online or by mail via the SunBiz website. The Articles of Organization are the legal documents that establish your Florida limited liability corporation.

STEP 1: Give Your Florida LLC a Name

The first and most significant step in founding an LLC in Florida is selecting a business name. Make certain that the name you chose conforms with Florida naming regulations and criteria, and that it is readily searchable by prospective company customers.

1. Follow the Florida LLC naming guidelines:

The word “limited liability corporation” or one of its acronyms must be in your name (LLC or L.L.C.).
Your LLC’s name cannot include terms that may be confused with a government organisation (FBI, Treasury, State Department, etc.).
Restricted terms (e.g., bank, attorney, university) may need extra documentation and the participation of a licenced professional, such as a doctor or lawyer, in your Florida LLC.
2. Does the name exist in Florida? Do a name search on the Sunbiz Florida website to ensure that the name you desire isn’t already used.

STEP 2: Select a Florida Registered Agent

For your Florida LLC, you must choose a Florida Registered Agent.

What exactly is a Registered Agent? A registered agent is a person or corporate organisation that receives vital tax forms, legal papers, lawsuit notices, and other government communication on your behalf. Consider your registered agent to be your company’s point of contact with the state.

Who is eligible to be a Registered Agent? A registered agent must be a full-time resident of Florida or a company allowed to do business in the state of Florida, such as a registered agent service. You may choose someone from your organisation, even yourself.

STEP 3: File the Articles of Organization for your Florida LLC.

Form LLC-1 – Articles of Organization must be filed with the Florida Division of Corporations to register your Florida LLC. You may apply both online and by mail.

Now is a good moment to decide whether your LLC will be administered by members or by managers.

STEP 4: Draft an Operating Agreement for a Florida LLC.

An operating agreement is not necessary for an LLC in Florida, although it is recommended.

What exactly is an operating agreement? An operating agreement is a legal document that outlines an LLC’s ownership and running processes.

Why are operating agreements necessary? A detailed operating agreement guarantees that all firm owners are on the same page and decreases the likelihood of future disagreement.

STEP 5: Apply for an EIN for your Florida LLC.

What exactly is an EIN? The Employer Identification Number (EIN), also known as the Federal Employer Identification Number (FEIN) or the Federal Tax Identification Number (FTIN), is a nine-digit number issued by the Internal Revenue Service (IRS) that is used to identify a business entity and keep track of a business’s tax reporting. It is basically the company’s social security number (SSN). It is effectively the company’s Social Security number.

Why do I need an EIN? An EIN is necessary for the following purposes:

To create a commercial bank account for the corporation
In terms of federal and state taxation
To hire workers for the company
Where can I get an EIN? After forming the company, the business owner obtains an EIN from the IRS (free of charge). This may be done online or in the mail.