If you want to start a business in Florida, you should form a limited liability company. These companies are easy to set up, come with tax flexibility and offer legal protection for their owners.
To establish your LLC, you must choose a name and get a registered agent. Then, you can file the articles of organization with the state.
Choosing a Name
When you’re starting a new business in Florida, one of the most important decisions you must make is choosing your company’s name. The right name can help you create a strong brand message and differentiate your business from its competitors.
The first step in the process of naming your business is to do a search with the Florida Department of State to ensure that no other entity has chosen the same name as you. The Department of State’s database contains records of all registered businesses in Florida, including LLCs and corporations.
You can do this by visiting the Department of State’s website and using their online name search tool.
It’s also essential to check the Florida Division of Corporations’ database. This search will reveal whether there are any other entities that have the same or similar name as yours, making it essential to submit your formation documents as soon as possible.
Choosing a Registered Agent
Before you start an LLC online in Florida, you must appoint a registered agent. This person or company will be responsible for receiving legal notices on behalf of your LLC. This includes service of process (if someone sues your business).
You can choose to be your own registered agent, appoint a friend or family member, or hire a registered agent service. The choice is up to you, but be sure that the person you choose meets all of Florida’s requirements, including a Florida street address and availability during normal business hours.
A registered agent is essential for ensuring your LLC stays in compliance with the law and avoiding costly mistakes and penalties. They will send you reminders about filing your annual reports and other important documents, as well as accepting tax and legal mail on your behalf.
Filing the Articles of Organization
Filing the Articles of Organization is an important step to forming your LLC in Florida. It lays out the legal structure of your business and helps the state determine how it will operate.
You can file your articles of organization online through Sunbiz, which is the state’s online filing system. It’s the quickest way to start your LLC and get it registered.
Once you’ve filed your articles, you’ll need to set up a registered agent for your LLC. This person will receive all legal correspondence for your business, like service of process notices and government letters.
When you file your articles of organization, you’ll also need to specify an effective date for your LLC. This date must be no more than five days prior to the day that you filed with the Division of Corporations, or no more than 90 days after your filing was received by our office.
You can also choose to set up an operating agreement, which outlines the management and ownership of your LLC. This is a good idea for LLCs that aren’t member-managed, as it will provide some structure for the company to return to if a lawsuit or dispute arises.
Choosing an Owner
When choosing an owner for your LLC online in Florida, it’s important to make sure that the person you choose has a legal right to own or control the business. This can help to ensure that you’ll be able to operate the business legally and avoid any problems down the line.
Another important factor is how the owner will share profits and losses from the company with other owners. A good operating agreement for your LLC will make sure that all parties are on the same page when it comes to how profits and losses are divided up.
Getting an LLC is easy in Florida. Whether you’re a new business owner or a veteran, it’s a great way to reduce your personal liability and cut down on the amount of administrative work you have to do in order to run your business. In addition, Florida does not levy state income taxes on businesses like LLCs.