Step-by-Step Guide
To start a Florida LLC, you’ll need to file the Articles of Organization with the Florida Division of Corporations. Florida law requires LLC Registered Agents to have a physical street address in Florida. PO Boxes aren’t allowed.
In order to form your LLC in Florida, you will need to complete the following steps:
- Name Your LLC.
- Choose a Registered Agent.
- Filing articles of organization.
- Obtaining an EIN.
Costs of Starting an LLC in Florida
The main cost to start an LLC in Florida is $125.00 for filing your Certificate of Formation. You will also need to file an annual report with the state of Florida on a yearly basis, which also costs $138.75. Yes, you need an EIN for your Florida LLC. The EIN stands for "Employer Identification Number," and it’s like the social security number of your business.
Additional Costs
- Registered agent services range from $50 to over $300 per year.
- Licenses and permits, though most fees are minimal.
- Potential legal or financial risks if mistakes occur when handling ongoing tasks.
Why Choose an LLC?
Forming an LLC offers several advantages:
- Protects your personal assets.
- Offers pass-through taxation.
- Less paperwork than a C-corporation.
- Annual renewal fees are required.
Forming an LLC provides liability protection for any Florida business and adds legitimacy. Florida’s $1.03 trillion GDP offers opportunities if your LLC application is approved. Reasons for a Florida LLC include favorable tax laws with no state income tax; low LLC filing fees; and legal protection for owners.