How Often Do You Have to Renew Your LLC in Florida?

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Florida LLC Requirements

  • In Florida, LLCs must file annual reports by May 1st with a fee of $138.75. Failure to comply risks fines and dissolution.
  • LLCs separate personal assets, offer advantages like asset protection and potential tax savings. Research can help establish LLCs without legal counsel.

Florida LLC Fees

  1. LLC Filing Fee: $125 upon submitting Articles of Organization.

  2. Florida Annual Report Fee: $138.75 by May 1st to maintain good standing.

Registered Agent and Compliance

  • Florida LLCs must have a registered agent to accept legal notices. Using an affordable service is recommended to meet this requirement.
  • To remain compliant, LLCs must budget for state and local fees, update registered agents as needed, and file annual reports to avoid fines or dissolution.

FAQ: LLC Compliance in Florida

  • Yes, Florida LLCs must pay a $138.75 annual report fee by May 1st, facing penalties for non-compliance.
  • All Florida LLCs pay this fee to maintain good standing, with additional costs for business licenses, registered agent services, taxes, and ongoing legal operation expenses.

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