Forming an LLC in Florida
Forming an LLC in Florida in 7 easy steps
- To begin with, you must select a name for your LLC. When forming an LLC in Florida, you are not allowed to pick a name that in any way implies that the LLC is connected with a state or federal government agency, or that it is a corporation chartered under the laws of the United States. The name of your LLC must contain an LLC identifier, such as “L.L.C.” or “Ltd Liability Co”. You must naturally refrain from violating trademark law and you can not pick a name that is already used by another LLC.
- You are not required to hire any legal expert when forming an LLC in Florida, but it can still be a good idea to pay an attorney to check your Operating Agreement. Problems in the Operating Agreements can lead to costly tax consequences in the future.
- Visit the Florida State filing office and file Articles of Organization for the LLC. When forming an LLC in Florida, the minimum state filing fee is $155.00. (For 20 business days.)
- Hold an Organizational Meeting where the members (owners) of the LLC formally adopt the Operating Agreement.
- One you have gotten this far into the process, it is possible to apply for a Federal Employer Identification Number (FEIN).
- Open up a bank account for your LLC.
- Obtain any necessary business licenses and permits for your newly formed LLC. Keep in mind that you must have licenses and permits from all the cities or counties where you plan on conducting business.
Maintaining an LLC in Florida
In the state of Florida, all LLC’s are required to hand in a report each year and pay a report fee of $150. The annual report must be handed in prior to May 1st.
