How Much Does an LLC Cost in Florida?
Forming a limited liability company (LLC) in Florida involves certain costs that entrepreneurs should be aware of. These costs can vary depending on factors such as the filing fees, registered agent fees, and other expenses.
Filing Fees
- Articles of Organization: $125
- Certificate of Publication: $100 (if required)
- Expedited Filing: Additional $50
The Articles of Organization is the primary document that establishes your LLC with the state. The Certificate of Publication is required in certain situations, such as when the LLC is formed to provide professional services.
Registered Agent Fees
Every Florida LLC must have a registered agent. This is an individual or company that is authorized to receive legal documents on behalf of the LLC. The fees for registered agent services vary, but typically range from $50 to $200 per year.
Other Expenses
- Business License: Varies depending on the city or county
- EIN (Employer Identification Number): Free from the IRS
- Business Insurance: Cost varies based on coverage
- Legal Assistance: Optional, but can incur fees for drafting documents or providing advice
Obtaining a business license may be necessary for your LLC, depending on its location and activities. The EIN is a federal tax identification number that is required for businesses. Business insurance is not compulsory but is highly recommended to protect your LLC and its assets.
Estimated Total Cost
Based on the fees mentioned above, the estimated total cost of forming an LLC in Florida can range from $550 to $850, assuming you do not require expedited filing or other additional expenses. This includes the filing fees, registered agent fees, and basic business expenses.
Conclusion
Understanding the costs associated with forming an LLC in Florida is essential for entrepreneurs. By considering the filing fees, registered agent fees, and other expenses, you can plan accordingly and make informed decisions about your LLC’s formation and operation.
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