Who can sign for an LLC in Florida?

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.Are you planning to set up a Florida LLC b

Who can sign for an LLC in Florida?

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

Are you planning to set up a Florida LLC but dont know where to begin? The nuances of LLCs can be confusing enough, let alone the state-specific rules. Follow our simple guide on how to start an LLC in Florida so you can form your business with ease.

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Setting Up Your Florida LLC in 3 Key Steps

Filing for an LLC in Florida is fairly straightforward and affordable.

Choose Your LLCs Name

Whats in a name? Quite a lot if you want to get it right the first time. Florida requires that all business names in the state be distinguishable from one another. So, begin with a search of the state records to ensure no one else has a business with the name you wish to use. You can quickly do that through the Florida Department of Commerces business entity search engine.

If youre worried someone else will snag your name before you can submit your business formation paperwork, you can reserve your LLC business name by submitting a signed letter to the Secretary of State containing:

  • Your desired business name
  • Your full name
  • Your current address
  • A $25 filing fee

If the Florida Secretary of State finds the name is available, it will be reserved for up to 120 days.

Avoid future complications by following the state rules regarding business naming practices. For instance, remember by law the words limited liability company LLC, or L.L.C. must appear as part of the official name.

Designate a Registered Agent

Each LLC must have a registered agent. In short, a registered agent is either an individual or a legal service firm that accepts official mail and correspondence on behalf of your business.

Florida allows a person who is 18 or older and has a physical address within the state to act as registered agent. This includes an owner or employee of the LLC. The agent can also be another business that is formed or authorized to do business in Florida, such as a registered agent service. That said, an LLC cant be its own registered agent. Additionally, Florida requires applicants to pay a $25 registered agent fee when applying for an LLC.

To keep costs minimal, you may want to elect yourself as the LLCs registered agent, though that comes with additional responsibility. Alternatively, you can pay to have a registered agent service perform the role for you.

Submit Forms for Your Florida LLC

Once you have a name and purpose in mind for your LLC, file all necessary documentation with the Department of States Division of Corporations.

Though domestic and foreign LLCs require separate paperwork, Florida charges the same fees for both entities. Whether youre a domestic or foreign business entity, youll pay $125a $100 filing fee and a $25 registered agent fee. There are additional fees for certified copies and certificates of status.

Set Up Your LLC in Florida? What to Do Next

Once you submit your forms, await confirmation your application got accepted. If you filed online, confirmation would arrive via email. If you physically applied, confirmation will be sent to you by mail. Below are additional helpful details to know once you set up the LLC.

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Operating Agreement

Once your Florida LLC gets established, consider setting up an operating agreement. This document isnt a requirement, but its existence is ideal for laying the functional groundwork for your organization. It establishes your LLCs management structure, the contributions of each member and the way youll share profits and losses. Creating an operating agreement is also a way to demonstrate your intent to create a new business entity with assets completely separate from your personal finances.

Dissolving an LLC

Just as theres a process for establishing an LLC in Florida, theres also one to bring it to an end. You may submit your Articles of Dissolution online. Otherwise, mail these printed documents. Theres a $25 filing fee for articles of dissolution.

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Frequently Asked Questions

LLC or limited liability company is a type of business formation. LLCs act as hybrids in that they can provide the pass-through tax benefits of a sole proprietorship or partnership while offering the added liability protection of a corporation. For more information, check out how to set up an LLC.

How much does it cost to start an LLC?

The price of registering an LLC varies by location. In Florida, you must pay the state a $125 filing fee to set up an LLC and designate a registered agent. Youll pay more if you hire someone else to fill out the paperwork. Your startup costs may also include consultations with lawyers and accountants to make sure an LLC is right for your business, registered agent fees, and fees for state or local licenses.

Can I dissolve my LLC in one state and establish it in another?

Yes, through a process of LLC domestication. Filling out articles of LLC domestication allows you to change the governing law that applies to the entity, transferring authority from the originating state to the new one. This option is especially desirable for those wanting to avoid heftier fees paid out by foreign business entities. While domestication is an option in Florida and certain other states, the process isnt available everywhere.

What do I do if my LLC filings get rejected?

If your application gets rejected, read the accompanying rejection letter to determine what went wrong. Then, follow any mentioned instructions for submitting your corrected LLC application. If you continue to have difficulty setting up your LLC, consider speaking with an attorney or using one of the best LLC services.

What kind of tax flexibility does an LLC provide?

LLCs can be taxed as sole proprietorships, partnerships, C corporations or S corporations. This choice allows members of an LLC to minimize their tax burden.

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