How to Start an LLC in Florida – Short Version

How to Start an LLC in Florida – Short Version


How to form an LLC in Florida Florida is a excellent place to form a new
LLC. The Sunshine State has the lowest income taxes
in the country, and is number one in
economic growth prospects. Every state has slightly different requirements
for forming an LLC. Follow along closely to learn the required steps for creating your own Limited Liability Company
in the state of Florida. There are two ways to form an LLC in Florida: You can form one yourself, or you can hire a service to do it for you. Let’s start by looking at the five basic
requirements to form an LLC in Florida on your own: 1. Name your LLC You’ll need to choose a company name that
complies with Florida naming requirements, and do a name search on the State of Florida Sunbiz website to make sure the name isn’t already taken. You should go ahead and register the URL for
your business website and email as well. 2. Choose a registered agent. Florida requires that you nominate a
registered agent for your LLC, who is your business’s point of contact with the state. The registered agent can be an individual
within the company including yourself, or you can hire a professional service authorized
to do business in Florida. 3. File the Articles of Organization. To register your LLC, you will need to file
the Articles of Organization with the State of Florida. This can be done online at the MyFlorida Sunbiz
website or by mail. When filing, you will need to consider the
management structure of your LLC. We recommend learning more about member-managed vs manager-managed LLCs before you file. In Section IV of the Articles of Organization,
you will be asked about your LLC’s management structure. This Section can be left blank; however If
you plan to open a business banking account, the bank may require you to list the name
of at least one Authorized representative. This can be a manager or member in your Articles
of Organization. Since it’s important to open a separate
bank account for your LLC, most people add the name of the person who will open the account. You do not need to list every member. 4. Create an Operating Agreement. You should also create an operating agreement
to establish ownership terms and member roles. This is an internal document for reference,
and does not need to be filed with the state of Florida. This foundational document is the core of
your LLC, and will help you maintain your organization, as well as further establish
your LLC as a separate legal entity. 5. Obtain an EIN. Lastly, then you’ll need to get an Employer
Identification Number, or EIN, from the IRS. Also known as a Federal Tax Identification
Number, your EIN is like a social security number for your LLC and is important for taxes
and banking. EIN’s are free of charge, and can be obtained
from the IRS online or through the mail. And with that, you will have formed a Florida
LLC on your own. Option 2. Hire a Professional Service The second way to create a Florida LLC is
to hire a professional service to create your LLC for you. Hiring a professional service to file your
forms and act as your registered agent for the LLC will cost you an additional 50 to
150 dollars. However, there are several benefits to working
with a pro: A hired registered agent helps with getting
your reports filed on time, helps you stay organized by keeping your business mail separate, and is available at all regular business hours to accept official mail and legal papers on your LLC’s behalf. A final and important additional benefit of
using a service is privacy: a professional service will provide a level of privacy by withholding your personal name and home address from the LLC’s contact information. There are many reasons you might not want
your personal information easily accessible and associated with your business-hiring
a professional LLC formation service is an easy way to accomplish this. Research your options Now that you have seen the different requirements
and ways you can form an LLC in Florida, visit our site and take some time to
research your options and establish a solid foundation for your business activities. Click on the links in the description below
to research the top 5 professional formation services, or get more information on how to
form a Florida LLC on your own. We offer a host of free templates and tools
to help accelerate your small business, from operating agreements to business plans – all
free of charge. Visit us at HowtostartanLLC.com

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About the Author: Oren Garnes

3 Comments

  1. Watch our new in-depth video on starting an LLC in Florida here: https://www.youtube.com/watch?v=4WPXI_-dAbM

    And for a more detailed guide on starting an LLC in Florida visit: https://howtostartanllc.com/florida-llc

  2. Awesome! I'd like to run business in Florida in the future. Thank you for publishing this excellent video

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