Florida is a fantastic place to run a Limited Liability Company. The small business environment is conducive to helping entrepreneurs succeed, and the fact that there is no state tax is reason enough for many to start a business in Florida.
Why Consider a Florida LLC?
The LLC is a fantastic business option in Florida for many reasons. Because you as the business owner are separate from the business entity, your personal assets are protected in the event that your business accrues debt. Should you want to transfer ownership of the company down the road easily with the LLC. Unlike a sole proprietorship, an LLC can outlive you.
If the corporate formalities of a Florida corporation are more than you want for your small business, you’ll appreciate that the LLC requires fewer formalities like annual meetings and record keeping.
For business owners who aren’t American citizens, or who don’t have permanent residences in Florida, the LLC business structure provides a way to get the legal entity you need. And lastly, with an LLC, you benefit from pass-through taxation.
Now let’s look at a key component of becoming an LLC: your Florida LCC Articles of Organization.
Filing Your Articles of Organization For Your LLC in Florida
Once you have conducted a name search to ensure the name you want for your LLC is available, applied for an Employer Identification Name, and filed your LLC paperwork, you will need to file your Articles of Organization with the Florida Secretary of State, Corporations Division.
Your Articles of Organization should contain the following:
- Your LLC’s name, which must end with “Limited Liability Company” or “LLC”
- The mailing and physical addresses for your LLC
- The name and physical address of your LLC’s registered agent. This must be signed by the registered agent
- The name and address of any and all people authorized to manage and control the LLC
- The effective date for your LLC; this is the date your LLC becomes active as an LLC
The fee to file Florida LLC Articles of Organization is $125, and to designate your registered agent, the fee is $30. If you want a copy of your Articles, that is an extra $5, or you can get a certified copy for $30. It’s a good idea to get a certified copy, since some banks require it. Once your Articles of Organization are approved, you will receive a letter of acknowledgment at no charge.
Note: Florida no longer does reinstatements; the submission of the late annual reports will reinstate the company. This means the client is required to pay the $400 late fee and cannot use the Florida reinstatement loophole any longer.
Looking to form an LLC in the state of Florida? CorpNet’s Florida LLC formation services can provide you with the assistance you need in processing and filing the documents required to form a Limited Liability Company in Florida with minimal investment of your valuable time and money starting from just $79 plus state fees!