What are the steps I need to take to form a limited liability company (LLC) in Florida?
To Form a Limited Liability Company (LLC) in Florida
There are several steps that must be taken:
- Choose a name for your LLC: The name of your LLC must be unique and distinguishable from the names of other LLCs and business entities registered in Florida. You can search for available names on the Florida Division of Corporations website.
- File Articles of Organization: You will need to file Articles of Organization with the Florida Division of Corporations. These articles should include the name of your LLC, principal place of business, name and address of the registered agent, and the name and address of the LLC's organizers. The filing fee for the Articles of Organization is $100.
- Obtain necessary licenses and permits: Depending on the nature of your business, you may need to obtain certain licenses and permits before you can operate your LLC. You can check with the Florida Department of Business and Professional Regulation to determine what licenses and permits you may need.
- Draft an Operating Agreement: Although not required by law, it is recommended that you draft an Operating Agreement outlining the management structure of the LLC and the rights and responsibilities of its members. This document can help prevent disputes among members down the road.
- File an Annual Report: Every LLC in Florida is required to file an annual report with the Florida Division of Corporations. The annual report is due by May 1st of each year and the filing fee is $138.75.
It is important to note that this advice is general in nature and there may be additional steps or requirements depending on the specific circumstances of your LLC. It is always recommended that you seek legal advice from a licensed attorney to ensure that you are in compliance with all applicable laws and regulations.