What do I need to start an LLC in Florida?
Starting an LLC in Florida requires the accomplishment of some crucial steps to make your company orderly and lawful based on state laws.
1. Choose a Unique Name
Your LLC's name should be distinctive and shouldn't be ambiguous with other corporations in Florida. It should incorporate a "Limited Liability Company" or an authorized abridgement like "LLC." Check name availability on the website of the Florida Division of Corporations.
2. Designate a Registered Agent
Every Florida LLC must have a registered agent — a person or business organization entitled to receive official government mailings and legal documents. The agent must be provided with a Florida address (no P.O. Boxes allowed). You may act yourself or hire a professional service.
3. File the Articles of Organization
Then, file your Articles of Organization with the Florida Department of State, Division of Corporations. The form includes the name of the LLC, principal address, registered agent details, and member or manager names. The filing fee is usually around $125. You can file by mail or electronically.
4. Draw up an Operating Agreement
Although it is not required by Florida law, it is highly recommended to create an operating agreement. This internal document outlines the management structure, the members' duties, the sharing of profit and loss, and other operational procedures. An operating agreement can keep members from fighting with one another by outlining roles and rules.
5. Get an Employer Identification Number (EIN)
You will need an IRS-issued EIN for tax reporting, business checking accounts, and the employment of employees. Get an EIN free of charge at the IRS website.
6. Comply with Additional Permits and Licensing Requirements
Depending on the type of your business as well as your location, you may need additional local, state, or federal licenses or permits. Get more information from local government agencies and regulatory offices to ensure proper compliance.
7. File Annual Reports
Florida LLCs, once formed, are required to file an annual report with the Division of Corporations by May 1st of each year to remain "active." This report is filed with a filing fee.
By following these instructions and ensuring all paperwork is completed, your Florida LLC will be underway. Having a legal or business expert guide, such as One IBC USA, you can also simplify the process and make sure that you are meeting all state requirements.
