Sun Document Filings can form a Florida LLC fast! Focus on forming your Florida LLC business plan and let us form your Florida LLC. Sun can form a Florida limited liablity company or register a Florida LLC correctly the first time. Let us make the Florida LLC formation process quick and painless for you by preparing and filing a Florida LLC Articles of Organization with the Florida Secretary of State on your behalf. Your time is better spent forming your Florida LLC business plan for a successful Florida LLC. Protect your assets and form a Florida single member LLC or a Florida multi-member LLC.
To form a Florida LLC online, click here to see the costs and time turnaround options for a Florida LLC. Questions? 888 595-2747
How do I form a Florida LLC?
There is no need to ask, "How do I form a Florida LLC?" because we know how to form a Florida LLC from start to finish. First, we check LLC name availability with the Florida Secretary of State. Second, we prepare a Florida LLC Articles of Organization. Third, before we form a Florida LLC, we verify that the Articles of Organization are free of errors. Fourth, we will register a Florida LLC by filing a Florida LLC Articles of Organization with the Florida Secretary of State. Fifth, after the Florida Secretary of State files a Florida LLC Articles of Organization, we will return the filed document to you. We make forming a Florida LLC simple and fast!
What is a Florida LLC?
A Florida LLC or Florida limited liability company is a type of business entity that is independent of its owner(s). A Florida LLC can consist of one or more members which may be individuals, partnerships, trusts, estates, associations, corporations, other limited liablity companies (LLC), or other business entitites as allowed by the state of formation. The members of a Florida LLC are afforded limited liablity similar to shareholders of a corporation and are allowed pass-through taxation benefits that is comparable to a partnership. Forming a Florida LLC can be the best of both worlds.
What are the advantages of forming a Florida LLC?
A Florida LLC or Florida Limited Liability Company combines the advantages of a corporation and a partnership. The members of a Florida LLC are allowed limited liability protection of a Florida corporation with the pass-through taxation of a partnership. All personal assets of the members are protected from creditors for debt and from judgments against a Florida LLC. Provided a member did not use their personal assets to secure loans or personally guarantee the debt for a Florida LLC. Unlike a Sub-Chapter S Corporation whose shareholders are limited to 75, there is no limit to how many members a Florida LLC can have. For the flexibility and taxation benefits, LLC’s have become very desirable to business owners.
How do I decide if I should form a Florida LLC or Florida S corporation?
- Most business owners that decide to form a Florida limited liablity company (LLC) do so because of its flexibility in taxation.
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A Florida S corporation eliminates double taxation but it lacks the flexibility of a Florida LLC in distribution of income to the owners.
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A Florida LLC can have several classes of membership interests and can consist of one or more members (in most states) which may be individuals, partnerships, limited partnerships, trusts, estates, associations, corporations, foreign nationals, other limited liability companies or other business entities.
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A Florida S corporation can only be owned my individuals, issue only one type of stock, and is limited to no more then 75 shareholders.
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For more information, view our Entity Comparison Table. The Entity Comparison Table will show the advantages and disadvantages of different types of business entities.
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If you decide to form a Florida S corporation instead of forming a Florida LLC, click here for incorporation services.
To form a Florida LLC online, click here to see the costs and time turnaround options for a Florida LLC.
Who controls or manages a Florida LLC?
A Florida LLC is owned and organized by its members. Members to a Florida LLC are the equivalent as partners are to a partnership or shareholders in a corporation. Members have the option of managing a Florida LLC themselves or if they prefer, they can choose to elect managers to operate a Florida LLC. Managers are agents of the company and have the authority to bind the company to third parties. The flexibility in management is one of the reasons LLC’s are so appealing.
How many people or business entities are required to form a Florida LLC?
In most states, only one entity or one person is required to form a Florida LLC. In terms of taxation, the IRS does recognize single member Florida LLC’s and allows pass-through taxation. Although the Internal Revenue Service allows one member Florida LLC’s with pass-through taxation, some states may not afford equal treatment to single member Florida LLC’s. To avoid any surprises, we recommend that you speak with your accountant or tax preparer to find out how the tax laws in your state would affect your single member Florida LLC prior to organization.
What titles are owners in a Florida LLC ?
A Florida LLC is allowed to have the titles member(s), manager(s), or manging members.
How is a Florida LLC taxed ?
At the Federal Level -
A Florida LLC may be classified for federal income tax purposes as a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), partnership or a corporation. If a Florida LLC has only one owner, it will automatically be considered to be a sole proprietorship (referred to as an entity to be disregarded as separate from its owner), unless an election is made to be treated as a corporation. If a Florida LLC has two or more owners, it will automatically be considered to be a partnership unless an election is made to be treated as a corporation. If a Florida LLC does not elect its classification, a default classification of partnership (multi-member Florida LLC) or sole proprietorship (single member Florida LLC) will apply.
At the state level -
Your Florida LLC may be treated differently for tax purposes then at the federal level.
Since each state is different, we recommend that you speak to your accountant or tax preparer who specializes in Florida tax law for specific tax questions.
How do I obtain an EIN or Employer Identification number or Tax Payer ID number for my Florida LLC?
After we complete a Florida LLC formation on your behalf, we offer supporting services. We can obtain an employer identification number (an EIN) for your Florida LLC. An EIN is required to open a bank account, hire employees, and to start business credit for your Florida LLC. If you purchase our premium package, EIN obtainment is included for your Florida LLC.
How do I obtain or prepare a Florida LLC operating agreement?
Often times, you can hire an attorney or paralegal to prepare the operating agreement for your Florida LLC but that could be very costly. If you purchase our premium package, Sun will prepare the initial operating agreement (standard language) for your Florida LLC and include meeting minutes (MS Word format) that you can prepare as needed.
To form a Florida LLC online, click here to see the costs and time turnaround options for a Florida LLC.
What is a Florida LLC operating agreement and why is it so important for my Florida LLC?
A Florida LLC operating agreement serves as a blueprint for your Florida LLC. The operating agreement contains the rights, privileges, and powers of the members and managers. A Florida LLC operating agreement will contain the names and addresses of each member and manager. A Florida LLC operating agreement will specifiy the percentage each member owns of a Florida LLC. A Florida LLC operating agreement will also indicate the capital contribution of each Florida LLC member. A Florida LLC operating agreement normally outlines how it can be amended or changed at a future date. Often there is mention of how long a Florida LLC is allowed to operate, the date of dissolution, or if a Florida LLC has perpetual existence until the members agree to dissolve a Florida LLC.
Another important part of a Florida LLC operating agreement is to create "rules" on how a Florida LLC can open a bank account, take out loans, write checks, enter into contracts, obtain business credit, and issue membership certificates to its members. As a Florida LLC member, the most important reason for an operating agreement besides that most states require one by law, is that it protects each members' personal interest, capital contributed, and a detailed outline of the rights and privledges each member is afforded.
What is a Florida LLC seal?
After a Florida LLC prepares its operating agreement or has Sun prepare a Florida LLC operating agreement, a Florida LLC will need a Florida LLC seal. What is a Florida LLC seal? A Florida LLC seal is a handheld device that imprints paper with a Florida LLC's name, state of formation, and date a Florida LLC was formed. Many banks and other lending institutes require a Florida LLC to possess and use a Florida LLC seal on business documents or loan papers. All Florida LLC kits that Sun sells contain a handheld Florida LLC seal embosser.
What is a Florida LLC kit?
A Florida LLC kit is typically a hardbound binder that contains all of a Florida LLC's important documents such as the Florida Articles of Organization, operating agreement, and meeting minutes. All of the Florida LLC kits that Sun sells include the Florida LLC's name hot stamped (professional imprint of the Florida LLC's name) on the spine of the kit. Most Florida LLC kits come with a slipcase to keep the binder safe. Some Florida LLC kits are made with a slipcase built in. The choice is yours.
Another important part of a Florida LLC kit is the membership certificates. All of the Florida LLC kits that Sun sells contain 20 custom membership certificates that include the Florida LLC's name, date and jurisdiction of formation, and
the title of member (s) or manager (s) below the signature lines. If you have already formed your Florida LLC, you can order a Florida LLC kit by clicking here. We have a selection of high quality Florida LLC kits that come in array of styles and colors. Best of all, standard shipping is always free.
Now that you have formed your Florida LLC, obtained your EIN from the IRS, prepared the Florida LLC operating agreement, issued membership certificates, and used your Florida LLC seal embosser, it is time to verify which local city and/or county tax licenses your Florida LLC business will need. The best place to start is your city hall or county recorder's office. Take the time to verify your area's business licensing requirements. For those of you who plan to run your Florida LLC out of your home, check with your city or county to find out if a work at home permit is required. Once your licensing requirements are met, it is time to start operating your Florida LLC.
To form a Florida LLC online, click here to see the costs and time turnaround options for a Florida LLC.
We wish you the best with your Florida LLC business venture! Questions? 888 595-2747