Getting your business officially registered as an LLC in Florida helps protect you from personal liability. It also establishes your brand’s credibility with your future customers.
The formation process for a Florida LLC generally takes two to four weeks. It includes filing Articles of Organization and paying the state’s $125 filing fee.
Articles of Organization
An important part of forming an LLC is the creation of the Articles of Organization. These documents tell the state important information about your business. They must be filed with the government and can be completed online, by mail, or in person.
Depending on the requirements of your state, your articles of organization may list a purpose for your company. Professional companies are often required to do this, while non-professional businesses may choose not to.
Florida’s process for filing Articles of Organization is fairly straightforward, and it can be done online, in person, or by mail. The state charges $125 for the filing and offers 24-hour expedited processing for an additional $100.
If you have questions about preparing the Articles of Organization, it is recommended to speak with an experienced business lawyer. They can help you understand how to comply with the requirements and avoid future legal issues.
The Operating Agreement is a legally binding document that provides critical details about the articles of organization, how your LLC will operate and other important aspects upon which you and your business partners agree. They are often drafted from templates or by a professional and can be used as a way to establish important company policies and procedures, prevent conflicts, and protect your business.
If you are setting up a Florida LLC, it is recommended that you draft an operating agreement. This is because Florida does not require an LLC to have an operating agreement and, as a result, many business owners think that since they filed their articles of organization with the Division of Corporations, it will be accepted without further effort on their part.
An operating agreement can be customized to a member’s specific needs and may include provisions that solidify the asset protection benefits that are inherent to Florida’s LLC laws. Examples of such provisions include manager authority, distribution preferences, voting rights, and transferability standards.
If you’re forming an LLC in Florida, you will need to name a registered agent. A registered agent is a person or business that receives and forwards important legal documents on behalf of your company.
It’s important to choose a registered agent that is reliable, trustworthy and available during business hours. This can help ensure that your company gets timely notifications on deadlines or actions you need to take.
A registered agent service can also save you time on paperwork and other administrative tasks. They’ll accept and forward your legal and official correspondence on your behalf, giving you the peace of mind that everything will get to you on time.
When it comes to how long it takes for an LLC to be approved, there are many factors that can affect the process. This includes processing time and transit times (if you file by mail) as well as the amount of time it takes for the state to enter your documents into their records.
The EIN is a nine-digit federally issued tax identification number, also known as an employer identification number (TIN). An EIN is required for businesses that do not use their own social security numbers to file taxes.
An LLC is a business structure that can be formed in most states. They are one of the least taxed company structures and come with many benefits to business owners.
A Florida LLC can be formed by filing Articles of Organization with the state and paying the filing fee. These articles can be filed online, in person, or by mail.
After filing, the state reviews and enters your documents into their system. Depending on how fast the state processes formation documents, it may take 1 to 7 business days for your paperwork to be approved.
When forming your Florida LLC, make sure to choose a name that is both memorable and unique. This is important for your company’s branding, marketing, and legal needs.