Forming an LLC in Florida is an excellent option for entrepreneurs looking for flexibility and a lower tax rate. However, it’s important to choose a service that is right for your specific business needs and budget.
Luckily, there are several Florida LLC services to help you form your limited liability company (LLC). They range from affordable to high-end options and all have their pros and cons.
Florida is a great place for small business owners to form LLCs because they have fewer corporate formalities and have the option of taxing as an S corporation or C corporation. However, it is important to choose a company formation service that offers high-quality services at affordable prices.
The best Florida LLC services offer a simple and hassle-free order process that allows you to fill out the necessary paperwork online. They also have a dedicated customer support team that can answer your questions.
BizFilings is a good choice for the beginner because of its affordable rates and low-cost packages that include compliance alerts, assistance with filing your initial papers, and a free year of registered agent service. However, its $99 basic package lacks many of the features of similar services and doesn’t include a business tax consultation or an online document-storage portal.
IncFile is another low-cost Florida LLC formation service that is well-recommended by users. It has an intuitive, easy-to-use application that can be completed in just five minutes. Its pricing is transparent and it does not hide or alter its service charges, unlike many Limited Liability Company services.
In addition, the Standard LLC Package includes an EIN that you can use to open a bank account for your business. This is a federally issued nine-digit identification number that you can get from the IRS by providing them with some basic information about your LLC.
Besides, all Incorporate Fast creation packages include a year of registered agent service at no extra charge. While the service is cheap, it is important to note that IncFile outsources its registered agent services from third-party companies.
Northwest Registered Agent is a low-cost Florida LLC formation service that is also a solid option for new business owners. Its $39 formation package includes an operating agreement template, a US-based Corporate Guide, and a free trial of VoIP service.
If you’re looking for a cheap LLC Florida formation service, BizFilings is a good choice. They offer packages that include everything you need to form an LLC, plus a few additional features to help you get off on the right foot.
They also have a standard package that includes a company kit and seal, an operating agreement template, and expedited processing. These are all useful for any entrepreneur, and they’ll help you save money and time in the process.
Another option is their Complete package, which includes everything in the Standard package plus a Federal Tax ID number. This number is like a social security number for your business, and it’s required to open a bank account, hire employees, and more.
Getting an EIN is one of the most important steps to getting your business up and running, so you’ll want to make sure it’s done correctly. If you’re a non-US resident, you’ll have to get an Individual Tax Number before you can apply for an EIN.
Registered agent service is included in their packages, and it lasts for six months before they charge $220/year for the privilege (you don’t have to pay for this service if you purchase the Basic plan). They also include a compliance management tool that lets you keep track of all your state’s rules and regulations.
In some states, you’ll need to publish proof that your business has been formed in local newspapers. If you don’t have time to do it yourself, or you want someone else to handle it for you, you can use BizFilings’ publication service for $100.
While they don’t have as many reviews as some of their competitors, BizFilings has plenty of experience and a wide range of services that will meet most needs. They also provide great customer support via phone and email, so you can always get the answers you need quickly.