What are the requirements for forming a limited liability company in Florida?
In order to form a limited liability company (LLC) in Florida, there are several requirements that must be met.
Firstly, the LLC must choose a name that is distinguishable from other businesses in Florida. This can be confirmed by conducting a search of the Florida Division of Corporations database to ensure that the name is available.
Next, a registered agent must be appointed. A registered agent is an individual or entity designated to receive legal and tax documents on behalf of the LLC. The registered agent must have a physical address in Florida, and must be available to receive documents during regular business hours.
The LLC must also file Articles of Organization with the Florida Division of Corporations. The Articles of Organization must include the name and address of the LLC, the name and address of the registered agent, the purpose of the LLC, and the names and addresses of the LLC's members.
The LLC must also obtain any necessary business licenses and permits required for its particular business activities. This can vary depending on the industry and location of the business.
Additionally, the LLC must create an operating agreement, which outlines the management and operation of the LLC. This is not required by Florida law, but is strongly recommended.
Once these requirements have been met, the LLC will be officially formed and will have limited liability protection for its members.
It is important to note that there may be specific limitations or exceptions that apply to certain types of LLCs, particularly those involved in professional services. It is recommended that individuals seeking to form an LLC in Florida consult with a licensed attorney for specific legal advice tailored to their individual circumstances.