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Forming an LLC in Florida
Forming an LLC in Florida is quite uncomplicated and you do not have to hire an attorney or incorporation company unless you want to. For those who do not like filling out forms and taking care of administrative work, there are however several reputable incorporation companies that can take care of the process for you. Even if you decide to do most of the work yourself, letting a legal expert go over your Operating Agreement is always a good idea, since improper or vague Operating Agreements can give you trouble with the IRS farther down the road.
Forming an LLC in Florida in 5 easy steps
- Start the formation process by selecting a name for you LLC. The name must be unique (i.e. not used by any other LLC) and cannot violate trademark law. It must also contain an LLC identifier, such as “Ltd Liability Company” or “L.L.C.” The name cannot in any way imply that the LLC is connected with a state or federal government agency, or a corporation chartered under the laws of the United States.
- The next step is to file your Articles of Organization at the Florida State filing office.
- Once the papers are filed it is time to hold an organizational meeting where you adopt an Operating Agreement for your new company.
- The fourth step is to get a Federal Employer Identification Number (FEIN) and arrange a bank account for your company.
- The last step is to get the necessary business licenses. Remember that you must have a license for each city or county that you plan on doing business in.
Important facts to take into consideration before forming an LLC in Florida
- The minimum LLC state filing fee in Florida is $155.00. (For 20 business days.)
- For an LLC formed in Florida, the annual report must be handed in prior to May 1 each year. The annual report fee in Florida is $150.
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