Have you been dreaming of starting your own small business in Florida but feel overwhelmed by the legal complexity of creating an LLC? We understand completely! When entrepreneurs first pursue starting a business, they’re often perplexed by the jumble of unfamiliar terms like “articles of organization” and “operating agreements” on those intimidating government sites. It’s enough to make anyone anxious!
But it doesn’t need to be so confusing…we promise!
In this comprehensive guide from H&S Accounting & Tax Services, you’ll discover an easy-to-follow blueprint covering everything you need to know to seamlessly launch an LLC (Limited Liability Company) in the Sunshine State. We’ll walk you through the basics of how to start an LLC in plain English, allowing you to check this daunting task off your list so you can make your Florida business dreams a sunny reality!
By the end, you’ll clearly understand:
So leave those perplexing government sites behind…and let our proven blueprint guide you smoothly through the process of starting an LLC! We know you can handle this. Just follow our advice, future founder!
An LLC stands for a “Limited Liability Company.” A pretty fancy term for legal jargon! But in simple terms, forming an LLC registers your business as a separate legal entity from yourself personally as the owner. This means your personal assets (like your savings or house) stay safely separated if your business runs into debt or gets sued down the road. Nice shield of protection, huh?
Forming an official limited liability company also makes your budding business “legit” in the eyes of customers, partners, and the government. Things like paying fees/taxes, opening business bank accounts, and more become a breeze when you’re an official LLC.
And while ALL states let entrepreneurs start an LLC, Florida just so happens to be one of the very best! With no personal income tax and an easy online filing process, the Sunshine State rolls out the red carpet for owners to smoothly establish their company and conduct business in the state.
Alright, before we dive into the steps for creating an LLC, we want to briefly overview the different types of LLC structures you’ll choose from as you formally register your business. We know all the legal terminology can make eyes glaze over. But stick with us – this part is critical for deciding the ideal framework for your Florida LLC.
You’ve got:
Professional LLC (PLLC): For licensed experts like lawyers and doctors
There are lots of LLC types and categorizations to pick from. Don’t panic though! Once you decide whether you want to steer solo or share ownership duties, we’ll ensure you select the right LLC structure for your needs during the filing process. Sounds good? Awesome!
Starting an LLC in Florida begins at around $125 to cover the one-time Articles of Organization filing fee and designating a registered agent fee when establishing your business through Sunbiz. However, you may choose to pay additional fees:
If operating your Florida LLC under a fictitious or “doing business as” name, a $50 fictitious name application fee applies. You can also opt for:
There may be other costs associated with starting an LLC as well, such as:
Additionally, Florida charges an annual fee of $138.75 to maintain a limited liability company. You must pay this yearly fee and file an annual report to update or confirm details about your LLC with the state.
When you start an LLC in Florida, some key costs include:
Fictitious Name Registration: $50 (valid for 5 years)
There are optional certified copy and status certificate fees too, but starting an LLC primarily involves those main costs. Understanding those fees provides insight into what to budget when you want to start an LLC.
Now that you’ve got the LLC landscape down, let’s walk through formally registering your business so it’s legal and compliance ready. We promise the process isn’t nearly as complex as it may initially seem to aspiring entrepreneurs! Here’s an overview of easy-to-digest steps so you can swiftly get your Florida LLC off the ground:
Whew, quite the list huh? But when broken down, you can easily tackle each item one-by-one with our guidance. Before you know it, you’ll have your ducks in a row to transform your business idea into a legal Florida LLC! Let us walk you through it…
While we aim to make starting an LLC as smooth as possible, it’s important to be aware of a few key pitfalls entrepreneurs often encounter so you can avoid them. We want to see your Florida business thrive, so let us call out these common newbie mistakes regarding the service of process so they don’t trip you up!
Together, we can help you avoid all the common new business pitfalls out there as you navigate your LLC formation. We’re excited to keep you on the right track! Let us know if any questions pop up along the way.
Starting a new business and establishing your legal entity can feel daunting as an entrepreneur tackling all the requirements for the first time. But with our comprehensive, step-by-step blueprint guiding you through the entire how to start an LLC process, you can have full confidence registering your Florida company smoothly.
From picking the ideal type of LLC for your needs to checking all the state compliance boxes as you formally register, we are invested in setting you up for lasting success however we can. No confusing jargon. No intimidating government sites. Just clear checklists and friendly support along the way.
We sincerely hope our decades of combined experience forming new businesses helps you turn your Florida LLC dreams into reality without headaches, especially during the online LLC filing process. Just take it step by step. And know we are always here to answer questions, review documents, or be an entrepreneurial sounding board.
Let us know how else we may assist your LLC pursuits – our expertise and passion is helping small business owners prosper. Here’s to your future success!