An LLC is an excellent choice for many entrepreneurs, offering protection from personal liability and tax flexibility. In this article, we’ll cover the steps to start your Florida LLC.
Before launching your company, make sure the name you want is available. You can search for names on the state database. Additionally, you’ll need a registered agent. A reputable registered agent will receive service of process and correspondence on behalf of your LLC.
Articles of organization
The articles of organization for an LLC are the documents that create a legal entity. They are filed with the Division of Corporations and include the company name, purpose, address, authorized representatives, managers, members, and an effective date. You can file the articles online or in person. It is important to decide whether your LLC will be managed by members or managers. To learn more, read our LLC Management guide. You also need a registered agent, which is a person or business that will accept service of process and important tax information on behalf of your LLC. Florida requires that registered agents have a physical address in the state.
After filing the articles, you should also prepare an operating agreement. While Florida does not require LLCs to have an operating agreement, they provide a framework for how the company will be run and help distinguish personal assets from those associated with the business.
Certificate of formation
The Florida LLC certificate of formation confirms that your business formally exists. It will help you obtain an EIN, business licenses and a business bank account. It will also provide you with a legal separation between your personal assets and those of the company.
It’s important to choose a unique and memorable name for your business. It should not suggest a government unit or be similar to any other existing name. It’s also a good idea to consider how your LLC will be taxed. LLCs can be taxed as pass-through entities or corporations.
You must also appoint a registered agent for your LLC in Florida. The agent must be available during business hours to receive service of process. BetterLegal can serve as your registered agent for a low price.
Operating agreement
The operating agreement outlines the internal structure of your LLC, such as management and how profits or losses will be shared. It’s not a requirement in Florida, but it can help prevent conflicts between members later on.
You’ll also need to choose a registered agent. This is the person or service that will receive service of process and other legal notices on behalf of your LLC. You can choose someone you know or use a commercial registered agent service.
Many businesses in Florida need a business license and permits, which vary by industry. You can find information about requirements on the state’s website. Getting your business licensed can establish credibility with customers and help avoid future problems. It can also provide liability protection for you and your family.
Employer identification number (EIN)
Once your Florida LLC is approved by the state, you need to get an EIN for it. This number is used to identify your business for tax purposes. You can apply online, by fax or mail. The application should include the following information:
You must also provide a registered agent. This is a person or entity that receives official documents and notices on behalf of the LLC. This individual or entity must be available during normal business hours. You can appoint yourself as your own registered agent or hire a service for an additional fee.
Finally, you must determine whether your LLC will be manager-managed or member-managed. BetterLegal recommends establishing your LLC as manager-managed to avoid issues later on. You can find more information about this topic here.
Business bank account
The first step to starting a Florida LLC is choosing a name. It’s important to pick a business name that is both legal and memorable. It should also be indicative of your company’s future offerings. It’s also a good idea to check availability of the name with the Florida Division of Corporations.
A limited liability company (LLC) is a relatively new structure that combines the tax benefits of corporations with the flexibility of a sole proprietorship or partnership. It also provides personal asset protection by separating business assets from your personal ones.
Florida LLCs are required to have a registered agent. This is a person or business that receives official documents from the state and from lawsuits served on the company. The registered agent must be available during regular business hours and have a physical address in the state of Florida.