If you are looking to start a new business, an LLC is the best way to go. It will protect you from personal liability and give you many state tax benefits.
Getting started as an LLC in Florida involves filing articles of organization with the Florida Division of Corporations. Once approved, your LLC can obtain an EIN and business licenses.
Articles of organization
Once you have a unique company name, have your EIN, and have hired your registered agent, the next step to starting an LLC in Florida is to file the articles of organization. This is one of the most important steps to getting your LLC off the ground, as it establishes your business with the state and enables you to do business in the state.
In most states, the Articles of Organization are a standard form you can fill out and submit for approval. Depending on your state, you can either file these documents in the mail with a check payment or online through your state’s Department of State website.
Once you have filed your articles, it will take the Florida Department of State approximately five business days to approve them. You can choose to have your company be effective on the date you file it, which will mean that it goes into existence immediately, or you can list an alternate effective date that is no more than 90 days later. This option can save you money on your annual report and can be helpful if you don’t expect to operate your business during certain months.
A Florida LLC operating agreement is a document that sets the rules and procedures for your business. It is not required by the state, but it can go a long way in solving any disputes that may arise between your members.
A good LLC operating agreement can also help preserve your limited liability status and add to your business’ credibility. It will spell out which management structure you use in your company and whether one or more managers are members of the LLC.
An LLC operating agreement is an important legal document and should be drafted by a professional. It can also be updated regularly to reflect any changes in the law or company operations.
When starting an LLC in Florida, it’s a good idea to obtain an Employer Identification Number (EIN). An EIN identifies your business and can be used for federal tax purposes as well as when applying for bank accounts, credit cards, and state licenses.
The best way to get an EIN for your LLC is to apply online. It takes about 15 minutes to complete the form, and you can receive your EIN instantly.
You can also call the IRS to get an EIN by phone. However, you’ll have to leave a message and it can take four weeks for a reply.
It’s a good idea to get an EIN soon after your LLC is formed, whether you plan on running it as a single-member or multi-member LLC. You’ll also want to make sure that you have the right name for your LLC, and that you comply with all of the applicable laws and regulations.
If you’re looking to start an LLC in Florida, one of the first steps is to hire a registered agent. This person can help you keep up with the paperwork and taxes that come with owning a business and will also be there to ensure that you’re staying in compliance with state law.
In addition, a registered agent will be available during normal business hours to accept legal notices and tax documents for your LLC. This will ensure that your important documents and correspondence are always sent to the right person.
In Florida, any consenting adult over the age of 18 with a Florida address can serve as your registered agent. This could be you, your partner, or a family member.