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What are the steps to set up a limited liability company (LLC) in Florida?

Picture of Chris Battis By   ·  1 minute read

To set up a limited liability company (LLC) in Florida, there are several steps that must be followed:

  1. Choose a Name for the LLC: The first step in setting up an LLC in Florida is to choose a name that is not already taken by another business. The name must end with the words "Limited Liability Company" or "LLC" or the abbreviation "L.L.C." or "LLC".
  2. Appoint a Registered Agent: All LLCs in Florida must have a registered agent who is a resident of the state or a business entity authorized to do business in the state. The registered agent will receive legal documents on behalf of the LLC.
  3. File Articles of Organization: The next step is to file Articles of Organization with the Florida Division of Corporations. This document must include the name and address of the LLC, the name and address of the registered agent, and the names and addresses of the members and managers of the LLC. The filing fee for the Articles of Organization is $125.
  4. Create an Operating Agreement: Although an operating agreement is not required in Florida, it is highly recommended. This agreement outlines the rights and responsibilities of the members, the management structure of the LLC, and the procedures for making decisions.
  5. Obtain any Necessary Licenses and Permits: Depending on the nature of the LLC's business, it may be necessary to obtain certain licenses and permits from state and local government agencies.
  6. Obtain an EIN: The LLC must obtain an Employer Identification Number (EIN) from the Internal Revenue Service (IRS) if it has employees or if it is taxed as a corporation.
  7. File Annual Reports: LLCs in Florida must file an Annual Report with the state each year. The report must be filed by May 1st and includes information about the LLC's name, address, registered agent, and managers or members.

It is important to note that there may be exceptions or limitations based on the specific circumstances of the LLC or the business in question. It is also recommended that individuals seek guidance from a licensed attorney to ensure compliance with all applicable laws and regulations.