If you’re interested in forming an LLC in Florida, it’s important to know how long the process takes. The time from start to finish will depend on a number of factors, including how you file your documents and the state’s processing times.
Once your paperwork is in the state’s hands, you will need to select a registered agent and an EIN (employer identification number). An EIN is a federally issued nine-digit identification number that identifies your business with the government like a social security number. It’s free and easy to get.
Articles of organization
Articles of organization are a legal document that tells the state key information about your business. This is important because the articles will help your state decide if your LLC has been established legally.
While the articles of organization process varies from state to state, all states require some basic information before your LLC can be formed. You’ll need to make sure you have all the correct documents and complete them accurately to avoid delays or denials.
Choosing the right registered agent is also a critical step in creating an LLC in Florida. The registered agent is responsible for delivering your business mail and other communications to the state.
The registered agent must be a Florida resident with a Florida address and accept mail and other communications on behalf of your company.
When you file your articles of organization, you must list a Florida registered agent and the name and address of each member or manager authorized to manage the LLC. This is an important decision because it can affect the way your LLC operates and can even give you legal liability protection.
Operating agreement
A Florida LLC operating agreement is a legal document that sets the rules, regulations and ownership structure for an LLC. Creating one isn’t mandatory in the state, but it’s a smart move that can help protect your business and its limited liability status.
The operating agreement should define how profits will be allocated among members, who manages the business and how disputes will be resolved. It should also include provisions for how the LLC will dissolve.
In addition, your operating agreement should include a statement that the LLC will be governed by state law and interpreted according to that law. It should also deny voting rights to involuntary transferees. It should also provide for proper provisions for compliance with S-corp taxation rules where appropriate.
Registered agent
Having a registered agent can save you time and hassle. They’ll receive legal, tax and other official mail on your behalf, forward it to you at a convenient location and help ensure that you’re kept informed of deadlines and important events.
The state of Florida requires that every LLC has a registered agent. They can be an individual resident of the state or a business entity that is authorized to do business in the state.
When forming an LLC in Florida, you must list the registered agent’s name and Florida street address (P.O. boxes are not acceptable).
You can be the registered agent yourself, or you can ask a family member, friend, lawyer or commercial registered agent to handle this task for you. Having a designated registered agent allows you to focus on growing your business while making sure that you stay up-to-date on any official paperwork. If you fail to update your registered agent information, the state can administratively dissolve your business.
EIN
In the US, there are different kinds of tax identification numbers (TINs). They include the EIN, which stands for Employer Identification Number.
If your business is legally formed and employs employees, or if it is taxed as a corporation, you’ll need an EIN. You can get one yourself or have a third-party obtain it for you.
Alternatively, you can apply for an EIN online through the IRS website. This process takes just a few minutes and is free of charge.
The EIN is used for a variety of things, including filing federal business taxes, opening bank accounts and credit cards, and registering with the labor department in each state in which your LLC does business.
In Florida, it takes about a week to ten business days to get an LLC approved. However, there are certain times of the year when it can take longer.