We’ve put together a free step-by-step guide on how to set up an LLC in Florida. We want you to have a clear idea of how to set up and manage an LLC for your state. We’ve tried to make sure you have the information you need right at your fingertips. Each step has instructions and links to the sites for you to fill out the forms in the correct order. So, let’s set up your Florida LLC right now!
A few points to remember before setting up your LLC in Florida
When you set up an LLC in Florida you’ll need a few things before you get started. This section will help you get your checklist in order.
A Unique Business Name
Every business in the state must be unique. You’ll need to search for a Florida LLC name. Go to the Florida Department of State: Search Records to make sure yours is not taken.
An LLC Designator
Once you’ve chosen a unique business name you’ll need to decide on your LLC designator. When you set up your LLC in Delaware. You can chose one of the ones below.
- LLC (most common)
- L.L.C.
- Limited Liability Company
A Registered Agent
In most states, a registered agent is a person or a company that accepts “Service of Process” for your Florida LLC. A registered agent will receive any subpoenas, notices, and other legal, and tax documents sent to your business by the Florida Department of Revenue.
If you’re opening a business in Florida but you aren’t a resident, you’ll need to get a registered agent in that state. The requirements for a registered agent are as follows:
An Individual:
- Must be 18 and be a resident of the state
- Must be authorized to do business in the state.
- Must have a physical street address located in Connecticut
A Company
- Must be authorized to do business in the state
If you meet the above criteria, you can be your own registered agent. Or you can set up a friend or family member to be your registered agent.
You can also hire a commercial Registered Agent. A company that provides their name and address to receive legal documents from the state.
Hot Tip
The nice part of using a company is that their address is used instead of yours. As the business address will be public knowledge. By using a registered agent, you can protect and secure your own address.
Step 1: File Your Articles of Organization in Florida
Setting up an LLC in Florida is easy, especially for single-member LLCs. Just go directly to the Florida Department of State: Start E-Filing and follow the instructions.
You can do the name reservation and the Articles of Organization at the same time. Easy peasy.
If you don’t want to file online, you can download and fill out the Articles of Organization here.
Fees: In Florida, the cost of setting up your LLC and filing the Articles of Organization is $100.00.
Step 2: Complete Your Florida LLC Operating Agreement
An operating agreement is a key document used by LLCs and partnerships. It outlines the business’ financial and functional decisions including rules, regulations, and provisions. This describes how your LLC will operate internally. For more information on operating agreements, you can check out the Small Business Administration’s article on basic operating agreements.
Hot Tip
You are not required to file an Operating Agreement with your state. But it may be vital to have it, especially if there are multiple members of your LLC.
Step 3: Get Your Federal Tax ID Number (EIN)
Once your Florida LLC has been approved it’s time to get your Federal Tax ID Number from the IRS.
Your EIN is the social security number of your business. Keep it well protected. You’ll use this number to open bank accounts, file tax documents, apply for loans and many other uses. It also protects your social security number when doing business with other businesses like merchant accounts, 1099s received etc.
To apply for your EIN you can go to IRS EIN/Tax ID Application. Make sure you pick the correct Business Entity Type.
Just a Note
You can only file online if you have a Social Security Number (SSN) or Taxpayer ID (ITIN). Otherwise, you’ll have to mail in the forms and wait for the response. If you don’t have an SSN, on Form SS-4, where it asks for your SSN, ITIN, or EIN (line 7b), write “Foreign”. Your EIN application will then be approved without the need for having an SSN.
Step 4: File your LLC Annual Report
In Florida, every LLC is required to file an annual report to maintain an “active” status in their records. The filing fee is $138.75. A penalty of $400 for late filing and failure to file will administratively dissolve your business. The filing period is between January 1st and May 1st each year.
Taxes, Permits, and Licensing in Connecticut
To do business in Florida you will need to file tax returns, and hold permits and licenses in your county or city.
Florida doesn’t require a business operating license for all businesses of any structure. It only regulates or requires licenses or permits for some business activities.
Your LLC must also pay appropriate taxes and meet obligations in the Florida Department of Revenue.
Never miss a deadline
Not sure which forms to file with the IRS and your State after you set up your new business?
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Putting it All Together
Now that you can set up an LLC in Florida online it shouldn’t take more than a day or two to get up and running. The Florida Department of State’s website is very easy to navigate and following the four steps above will help you get your talents and ideas to market faster.
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