Forming an LLC in Florida is a great way to get limited liability protection. It also allows you to set up a company with more tax flexibility.
To get started, you need to find a name that’s available and meet the state’s requirements for limited liability. You should also consider designating a registered agent.
LLC Formation
A Florida LLC is an excellent option for small businesses, especially if they are looking to avoid freelance taxes. They are also popular for owners who want to keep their personal assets private.
The most important step in forming an LLC is to prepare and file your Articles of Organization with the state. This will officially register your business and give you a certificate of authority that allows you to get an EIN, open a business bank account, and obtain other necessary legal documents.
In addition to this, you’ll need to choose the management structure of your LLC. You can decide whether you want to be manager-managed or member-managed on your Articles of Organization form.
If you want to get started with your LLC formation, look for a company that offers an affordable package that includes all the essentials. ZenBusiness is one option that’s a good choice for Florida small businesses, as their $39 LLC Formation Package includes all the services you need to start your business. It comes with assistance filing your Articles of Organization, a draft operating agreement, compliance alerts so you don’t miss key filing deadlines, an online document storage portal, and a free year of registered agent service.
LLC Registration
LLC registration services in Florida are available to help you create a legal business entity. They can also help you obtain the appropriate business licenses and permits and file taxes.
Choosing an LLC service that offers a simple, hassle-free order process and excellent customer support is important for your business success. Make sure to read online client reviews and testimonials to see if the company offers good value for your money and has a strong reputation in the business community.
Northwest Registered Agent is our top choice overall thanks to its affordable LLC formation packages and great customer support. Their US-based Corporate Guides are former lawyers and accountants who understand your specific needs and can offer invaluable business advice when needed.
IncFile is another great choice for budget-conscious small businesses. They provide vital features like a $0 document filing fee and a free year of registered agent service in their basic package for only $399.
LLC Taxes
LLCs offer a lot of benefits to small business owners. They provide liability protection and help business owners separate personal assets from the company’s. This protects them from the business’s debts and liabilities should a lawsuit or bankruptcy occur.
In addition, LLCs can choose how they will be taxed. These choices may be advantageous to the business owner depending on their earnings, deductions and filing status.
Florida is a state that is considered to be one of the most tax-friendly states for LLCs. For example, unless the LLC is a C corporation, they don’t have to pay state income taxes on their profits made in the state of Florida.
Besides federal and state taxes, LLCs may also be required to pay franchise or transaction taxes, depending on their industry. These taxes are not always easy to determine, so it’s important to discuss these with your accountant or professional tax preparer.
Registered Agent
Registered agent services are important to Florida LLCs, as they are the person or entity that is responsible for receiving and delivering legal notices and paperwork. This includes service of process, a legal notice from the Division of Corporations, and other business filing deadlines.
There are many different registered agent services in Florida, but you need to choose one that has a reliable customer service team and abundant additional services. Northwest Registered Agent has a great reputation for providing excellent customer support and quality business advice, plus their US-based Corporate Guides are a team of former lawyers, accountants, and entrepreneurs who have experience in Florida LLC formation and business advisory.
Their $39 Formation Package includes help with submitting your Certificate of Formation, an operating agreement template, a document storage portal, a free consultation with their in-house accounting department, a free year of registered agent services, and more. They also offer compliance alerts so you don’t miss key filing deadlines.