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What are the requirements for forming a limited liability company (LLC) in Florida?

To form a limited liability company (LLC) in Florida, there are certain legal requirements that must be met. This advice is based on the current laws in Florida regarding LLCs.

Firstly, the name of the LLC must be chosen and checked for availability with the Florida Department of State. The chosen name must be distinguishable from all other LLCs registered in Florida.

Secondly, articles of organization must be filed with the Florida Department of State. These articles must include:

  • The name of the LLC
  • The address of the principal place of business
  • The registered agent's name and address
  • The purpose of the LLC
  • The names and addresses of the LLC's members

Thirdly, an operating agreement must be created for the LLC. While Florida law does not require an LLC to have an operating agreement, it is highly recommended as it provides important guidelines for the management and operation of the LLC. The operating agreement should include provisions for how profits and losses are distributed, how the LLC is managed, and how the LLC can be dissolved.

Fourthly, the LLC must obtain any necessary licenses and permits required for its business operations in Florida.

Finally, the LLC must obtain an employer identification number (EIN) from the Internal Revenue Service (IRS). This is a unique identification number used for tax purposes.

It is important to note that there may be limitations or exceptions to these requirements based on the specific nature of the LLC's business or location. Consulting with a licensed attorney can provide further guidance and recommendations specific to each individual LLC's needs.

In summary, to form an LLC in Florida, the name must be checked for availability, articles of organization must be filed, an operating agreement must be created, necessary licenses and permits must be obtained, and an EIN must be obtained from the IRS.