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Limited Liability Companies (LLCs) are legal business entities formed under Florida state statute. LLCs provide their owners with asset protection and limited liability for the debts of the company. Another advantage provided by an LLC is management flexibility. Unlike corporations, LLCs can be set up with a single member. There are also many tax benefits to the LLC business structure. The Internal Revenue Service (IRS) considers LLCs to be "disregarded entities" for tax purposes, meaning assets pass through to the owners. This exempts LLCs from the double taxation experienced by corporations. |
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Step 1 Decide on a name for your new business. This name must be unique and distinguishable from other businesses in the state. The Florida Division of Corporations has a searchable database of existing businesses on its Sunbiz website. The name must also end with the words Limited Liability Company, LLC, L.L.C. or Ltd. Liability Co. Step 2 Create an Articles of Organization form for the LLC. The Articles of Organization acts a charter for the new business and will need to be filed with the Florida Division of Corporations. The Sunbiz website has a template for this form which can either be filled out and submitted online or mailed in. Find a link to the form in Resources. Step 3 Assign a registered agent for your new LLC. The registered agent should be a person other than the owner of the LLC who can accept legal forms, including a service of process. You must list the physical address of the registered agent with the State of Florida, as it cannot be a P.O. Box number. Step 4 File the Articles of Organization with the Division of Corporations. You will need to include a $125 fee for processing. If you do not elect to file online, you may print and mail this form to: |
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