To form a limited liability company (LLC) in Florida, you need to take the following steps:
- Choose a name for your LLC: You must choose a name that is distinguishable from any other existing entity registered with the Florida Division of Corporations. You can reserve a name for 120 days by filing a Name Reservation Request form with the Division of Corporations.
- File articles of organization: You must file articles of organization with the Florida Division of Corporations. The articles must include the LLC's name, the address, the names and addresses of the initial members or managers, and a statement indicating whether the LLC will be member-managed or manager-managed.
- Obtain an Employer Identification Number (EIN): You must obtain an EIN from the Internal Revenue Service (IRS). This number is used for tax purposes and is necessary for opening a bank account, filing tax returns, and hiring employees.
- Register with the Florida Department of Revenue: You may need to register for a sales tax or use tax registration number with the Florida Department of Revenue depending on the nature of your business.
- Obtain necessary licenses and permits: Depending on the nature of your business, you may need to obtain certain licenses or permits from state and local government agencies.
- Prepare an operating agreement: Although not required by law, it is recommended that you prepare an operating agreement that outlines the rights and responsibilities of each member or manager of the LLC.
- Pay an annual fee: LLCs in Florida are required to pay an annual fee of $138.75 to the Florida Department of State.
It is important to note that these steps may vary depending on the specific circumstances of your business. It is recommended that you consult with a licensed attorney to ensure that you are fully compliant with Florida law and to address any potential limitations or exceptions to the advice given above.
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