Many business owners choose to form a limited liability company (LLC) as their business structure. Some of the benefits are as follows:
A Florida LLC combines the liability protection of a corporation with the tax treatment and ease of administration of a partnership.
Forming an LLC in Florida also offers:
According to the Florida Division of Corporations, all information included in the Articles of Organization for a Limited Liability Company must be in English and must be typewritten or printed legibly. And, the name of a limited liability company must be distinguishable on the records of the Florida Department of State.
following is pertinent part of the Florida Statutes regarding Florida
limited liability companies. Please review the Florida Statutes for
full and complete information.
608.406 Limited liability company name.—
(1) A limited liability company name:
(a) Must contain the words “limited liability company,” the abbreviation “L.L.C.,” or the designation “LLC” as the last words of the name of every limited liability company formed under the provisions of this chapter. The word “limited” may be abbreviated as “Ltd.,” and the word “company” may be abbreviated as “Co.” ...
608.407 Articles of organization.—
(1) In order to form a limited liability company, articles of organization of a limited liability company shall be filed with the Department of State by one or more members or authorized representatives of the limited liability company. The articles of organization shall set forth:
(a) The name of the limited liability company, which must satisfy the requirements of s. 608.406.
(b) The mailing address and the street address of the principal office of the limited liability company.
(c) The name and street address of its initial registered agent for service of process in the state. The articles of organization shall include or be accompanied by the written statement required by s. 608.415.
(d) Any other matters that the members elect to include in the articles of organization.
(2) A limited liability company is formed at the time described in s. 608.409 if the person filing the articles of organization has substantially complied with the requirements of this section.
(3) The articles of organization shall be executed by at least one member or the authorized representative of a member.
You'll need an EIN Number in order to open a business bank account. Apply for an Employer Identification Number (EIN) through the Internal Revenue Service (www.irs.gov). Go to the IRS site and enter EIN number into the search box. Or copy and paste the following url into your browser window:
http://www.irs.gov/businesses/small/article/0,,id=102767,00.html and look for the link titled: Apply Online Now.
The EIN application requires your social security number, name, and date of birth.
Their online service is only available during the week:
Monday through Friday 7:00 a.m. to 10:00 p.m. Eastern time.
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