Forming an LLC in Florida (Preliminary information)
We have prepared a guide on forming an llc in Florida, the cost of an llc to be formed in Florida, forming an llc at the most affordable price, the tax system of Florida companies and the steps you need to take at this stage.
Florida is often considered an alternative to states such as Delaware and Wyoming. There is no confidentiality in Florida, and in LLC documents, the name and surname of the company founder are publicly published on the state web portal. An annual report must be filed with the state of Florida in the year following the formment of the company and each year thereafter by paying $138. Like states such as Delaware, Wyoming, Kentucky and New Mexico, the state of Florida is also very popular with foreigners.
To form an LLC company in the state of Florida, you must submit your formation application document to the Florida Division of Corporations $125 must be paid to the state to apply for installation. After the process is completed, Articles of Organization will be delivered to you. When you receive the document, it means that your Florida LLC company has been officially established.
The registered agent company from which you will receive support will submit the documents mentioned for installation to the relevant authority in the state on your behalf during the installation phase. Thus, you do not need to take any extra action. To form your company, you can get online service from Northwest Registered Agent by paying the 39+ State filing fee.
Costs
| Service | Price | In installation | Annual |
| Fee to be Paid to the State During LLC Company Formment | 125$ | ✔ | – |
| Annual Filing | 139$ | – | ✔ |
- In addition to the installation fee, do not forget to add the Northwest Agency fee of $ 39 to the cost.
- You can renew your Northwest agency fee next year for $125 (address included)
What is Registered Agent?
Agencies that provide services for entrepreneurs who do not reside in the United States to form an llc, receive official documents from the state, and ensure that the company remains healthy are called Registered Agents.
When you decide to form an LLC in Usa, Northwest is one of the best options. Northwest provides a free mailing address for your company.
There are also different agencies, you can access the full list and detailed review page of other Registered Agent companies that establish LLCs from this link .
How to Form an LLC Company in Florida?
You can form an LLC remotely in Florida online, there is no need to visit the state in person. Additionally, non-US citizens are not required to provide identification or passport documents. You need a registered agent for the installation. This agency will prepare the documents required for the installation for you and submit them online to the state. If you deal with Northwest agency, you do not need to pay extra for the company address because this agency has mailing addresses in all US states and allows you to use this address. Other details are below.
- Determine Your Company Name: First, you must determine the name of your LLC company. Be careful not to conflict with company names already in the Florida state database. As in every state, there are some name selection requirements in the state of Florida. Before deciding on a company name, be sure to take a look at the documents published by the state in this link the company name you plan to use on the state website . Choosing a Name for an LLC Company for name rules .
- You can get a domain name for your company: Check if the website domain name you will create for the business name you choose has been registered before. With Namecheap you can quickly register an llc domain name so that no one else can get and use your domain name in the future.
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- Apply Online: Determine a Registered Agent to establish your company and keep it active. As long as your company remains open, receiving service through a Registered Agent is within the state's formation conditions. As a registered agent, Northwest is among the most affordable and highest quality options. here and order them to establish your company online. Northwest will carry out all transactions for you according to the order form in your application.
- Operating Agreement: The operating agreement, called the Operating Agreement, determines the management style and rules of the company. In many states, it is not required to be created. This operating agreement is not required in the state of Florida, but Northwest will prepare one for you free of charge after company establishment and deliver it to you electronically. Although the state does not require it, it is recommended to create it, but you do not need to mail or electronically send this contract to the state, just keep the contract you have prepared and signed.
The approval period for the LLC company is 2-5 business days for the state of Florida.
What happens after your LLC company is approved in the state of Florida?
- After the company is formed, your LLC formation document is delivered to you digitally by your agency.
- Once you receive the incorporation documents (digitally), obtain a Federal Identification Number (EIN) from the IRS. Without EIN, you cannot open a bank account or register for payment systems such as virtual POS (stripe) or paypal. You can also apply for an EIN yourself by filling out form SS4 and faxing it to the IRS. the guide here . The other option for EIN is to get a paid service. You can get EIN application service from us for $ 29. We can process it on the same day and carry out the entire process for you. this order form after company setup .
State Requirements and Taxes
Federal Taxes: All LLCs require a federal tax identification number, EIN. An EIN is basically the business version of a social security number and is used for important LLC functions. If you obtain your LLC company income from American citizens, you may be required to pay federal income tax to the state after a certain turnover.
State Requirements: In Florida, LLCs must file an annual report with the state each year, with or without income. In Florida, the annual report fee is $139. There is no individual income tax in Florida, and LLCs and other corporations are exempt from paying state income taxes.
Sales Tax Rate in Florida
Sales Tax in Florida: If your LLC will sell goods to customers in Florida, you must collect and remit sales tax. For this purpose, you must register with the Florida Internal Revenue Service and then pay the state the sales tax you collect periodically on goods sold.
Florida Sales Tax Rate: %6
Obtaining Business Licenses and Permits
If you own a brick-and-mortar business in any city within the state and run a physical retail business or other type of business there, you may need certain licenses and permits depending on what you do.
There is no general license required in the state of Florida. Generally, you will need to be licensed before you can pay sales tax to the state. For more information you can review the state website http://www.myfloridalicense.com/dbpr/
Annual Reporting
All LLCs incorporated in Florida must file an Annual Report each year to remain in good standing and avoid being shut down by the Department of State.
Florida LLC Annual Report Fee: $138.75 (due annually).
Annual Report Due Date: The annual report for a Florida corporation must be filed before May 1 of each year. Reports paid after May 1 are considered late and are punishable by a heavy penalty.
Florida Annual Report Non-Payment Penalty: If your Florida LLC Annual Report is late, you will be required to pay a $400 late fee (the most expensive report late penalty in the US). Thus, the total amount you need to pay will be $539. If you continue to ignore the Florida Annual Report requirement (and fail to pay), the Secretary of State will close your LLC after the 4th Friday in September.
For more information about taxes, you can check out the article Taxation in America
6 Comments . New Comment
Hello, when setting up an LLC company in Florida, the account number received from the bank in exchange for the virtual address is not valid by Amazon. I would appreciate it if you could give me information on the subject. Regards
Hello,
Where did you learn this information? Which bank? If you can give a little more detail, maybe we can comment. Because the most used bank is Mercurybank and what is the relationship between this bank and its Florida address? There are many people who have been in direct contact with Mercurybank and Amazon for years. Could it be wrong information or maybe it's a different bank?
Hello, if I come to FL as a tourist and find an attractive business environment, can I establish a company and get a company owner visa from the Tourist visa? I would appreciate it if you let me know the conditions
. Best regards.
Forming an llc is not enough to get a visa. It is useful to ask a visa expert about other requirements and get support.
Hello,
I will set up an llc in Northwest Florida. I have a few questions, I would be very grateful if you could answer them.
1) Can I register with Amazon with the address they provide? Will there be any problems?
2) Do I need to purchase the additional virtual address service for additional service?
3) Do I need to take any action after completing the transactions in the system?
I wish you good work.
Hello,
1. You can register to Amazon with Northwest addresses. So far, a lot of registrations have been made with these addresses, and we have not experienced any problems. Since Amazon no longer requires an invoice for address verification, there is no problem with address verification.
2. This is completely up to you. Unless necessary, a virtual office is expensive. It costs extra every month. If you do not pay, your private address will be canceled and cannot be taken back.
3. There is no need to do anything after the order. Installation in Florida takes more than 1 day, they notify you by e-mail when it is finished.
After installation, you can contact us to get an EIN number.