Steps for Forming an LLC in Florida:

1. Choose a Business Name - The first step is to choose a unique name that complies with Florida's naming requirements. Ensure that the name you choose is not already in use in Florida.
2. File Articles of Organization - The next step is to file Articles of Organization with the Florida Department of State. The articles of organization should include the name of the business, the purpose of the business, the name and address of the registered agent, and the names of the members or managers.
3. Publish Notice of Intent to Form an LLC - Within 30 days of filing the Articles of Organization, the LLC must publish a notice of intent to form an LLC in a local newspaper. This notice must include the name of the LLC, the address of the LLC's principal place of business, and the name and address of the LLC's registered agent.
4. Obtain Required Licenses and Permits - Depending on the specific business, the LLC may need to obtain certain licenses or permits before commencing operations.
5. Draft Operating Agreement - Although it is not mandatory, it is highly recommended to draft an operating agreement that sets forth the ownership, management, and operational structure of the LLC.
6. Obtain an EIN - The LLC must obtain a federal Employer Identification Number (EIN) from the Internal Revenue Service (IRS).

Benefits of Choosing an LLC Business Structure:

1. Limited Liability - One of the main advantages of an LLC is limited liability protection, which means that the personal assets of the owners are shielded from any business debts or legal judgments.
2. Pass-Through Taxation - LLCs are taxed as pass-through entities. This means that the profits and losses of the LLC are passed through to its owners and reported on their individual tax returns.
3. Flexible Management - LLCs can be managed by their owners or by appointed managers, giving them flexibility in terms of management structure.
4. Fewer Formalities - LLCs are not subject to the same formalities and regulations as corporations, making them less burdensome in terms of compliance requirements.

Limitations: LLCs may not be suitable for businesses that plan to go public or raise capital through equity financing, as they are not able to issue shares of stock.

In conclusion, forming an LLC in Florida involves a few key steps, such as choosing a unique business name, filing Articles of Organization, and publishing a notice of intent to form an LLC. The benefits of choosing an LLC include limited liability, pass-through taxation, flexible management, and fewer formalities. However, it is important to note that LLCs may not be suitable for businesses that plan to go public or raise capital through equity financing.