Form an LLC in Florida with Tailor Brands

The first step in the process of starting an LLC in Florida is choosing a unique name for your business. This name should represent your business, follow the state’s naming guidelines, and should be available for use within the state.

This means you’ll need to check the state business database to confirm that no other business is using the name before you register your LLC with your chosen name. Also, make sure your chosen business name is short and easy to spell.

If you’ve found the perfect name for your LLC in Florida but are not yet ready to register your business, you can reserve your LLC name. Florida allows you to reserve a name for your LLC for a duration of 120 days by paying a $25 filing fee.

Apart from that, you should also consider reserving a domain name that matches your chosen LLC name via a domain registrar. You can do this before or after name reservation, but make sure a matching domain name is available.

This is a small but crucial step when forming an LLC in Florida. The State of Florida requires businesses to appoint a registered agent who will receive crucial legal or business documents and other official paperwork on behalf of the business. 

You can be your own registered agent, but it will be difficult to run your operations since agents are required to be present at the official address during working hours. It’s better if you choose from the available registered agent services in Florida.

Filing your Articles of Organization makes your business official and allows you to carry out your operations legally. To accomplish this, you need to log into Florida’s Department of State website and submit the requested information online. 

The Florida LLC articles you need when filing your documents include your business name, your main business address, your registered agent info, and the purpose of your LLC. You can also submit an application via mail or in person as well.

When filing your documents with the state, you need to pay the state filing fees for your LLC in Florida. You will be charged a fee of $125 to register your LLC. Once paid, the state will process your documents and issue your LLC certificate.

Our trusted partner Tailor Brands has decided to make it more affordable to form your Florida LLC. They have waived the service charge completely so you only have to pay the mandatory state fees and they will assist you to register your LLC for free.

The State of Florida will issue you with a Certificate of Formation that confirms that your business has been formally incorporated after your LLC formation documents were filed and approved. It authorizes you to conduct business in the state. 

Your LLC certificate demonstrates that no action is being taken to remove your business from the registry. As such you can use it to acquire an Employer Identification Number, the required business permits, and open a bank account.

A Florida LLC Operating Agreement is not a requirement, but it’s advisable to have one in place when setting up your business. An LLC Operating Agreement takes care of key issues like your business structure, financing, and decision-making. 

The agreement also clarifies which assets are personal and which belong to the business. This adds another layer of protection to your assets from business debt. The agreement also spells out the ownership percentages for easy profit distribution.

The law requires business owners with an LLC in Florida to register with the federal government by applying for a federal Employer Identification Number. Also known as Federal Tax ID, the EIN is a 9-digit code assigned by the IRS to US businesses.

The EIN is unique to every Florida LLC, thus protecting your business from fraud and identity theft. LLCs with more than one member or those with employees need an EIN for reporting employment taxes and other important business functions.

When you get your EIN, you can use it to open a business bank account to keep your personal and business finances separate. Separating your personal and business accounts will also help you when you file your business taxes. 

Additionally, a separate business bank account helps you create a relationship with your chosen bank. This can help you unlock many funding opportunities to grow your businesses, such as long-term loans, business credit cards, and other solutions.

Obtaining the necessary licenses and permits for your LLC in Florida is crucial if you want to conduct business legally in the state. You can learn about the licenses you need for your business by visiting the Florida official Department of State website. 

Visit the relevant departments and pay for the licenses you need. Most of these are renewed annually, so note the renewal dates to avoid interruption. If you choose a paid plan, Tailor Brands will send you those reminders when the dates get closer.

If your Florida LLC has employees, you need to comply with the state’s obligations regarding employees. First of all, you are required to report all hires and rehires for your LLC to the Florida Department of Revenue within 20 days of employment.

Next, get workers’ compensation insurance for your LLC in Florida. All businesses in the state are required by law to obtain workers’ compensation as soon as they bring their fourth employee on board. Research and find the best policy for your LLC.

If you want to conduct business under a different name than your legal business name, then you need to file a DBA (doing business as). This allows you to register a fictitious name or assumed name, which will be used for day-to-day business.

You can file a DBA with the Florida Department of State online or via one of the available offline filing methods. The filing fee to get a fictitious name is $50. If you want to get a certified copy of the same, you need to pay an additional $30.

This is the free plan that Tailor Brands offers, primarily for LLC formation and nothing else.

Here’s what you’ll get with the free plan:

• LLC formation: A team of professionals will help you prepare the documents and fill out your Articles of Organization to get your Florida LLC established. They’ll take care of the process from start to finish, guiding you at every step of the way from preparation and review to the actual application filing.

Price: Free

If you just want someone to handle your LLC application but are not looking for any other services, then go with this free plan.

Here are the additional services, apart from LLC formation, that you’ll enjoy with this paid plan. 

• Legal compliance: Get annual reminders related to tax or annual report filings and other compliance requirements. Tailor Brands will ensure that you never miss a deadline and always stay in good standing with the state.
• 2-5 day processing: With both paid plans, you get expedited processing of your LLC application by Tailor Brands. This means that your application will be treated as a priority and will be prepared and filed by them within 2-5 business days.
• LLC operating agreement: Tailor Brands’ team will help you prepare a detailed operating agreement for your LLC in Florida. They’ll help you draft an agreement that covers all important details, ensuring your Florida LLC runs smoothly.
• $30 Amazon gift card: One of the added benefits of choosing this plan is that you’ll get a complimentary Amazon gift card for $30. You can use this to shop on the platform for anything you like, not necessarily something business-related.

Price: $199 per year

The Elite plan is the top-tier plan that Tailor Brands offers and has the most number of business services.

Here are the additional services you’ll get. 

• Website domain: If you’re planning on launching a business website, you’ll need a domain name that’s relevant to your business. Tailor Brands offers you a free domain for the first year, after which you will need to keep paying to retain it.
• DIY website builder: You will also get access to a DIY website builder, which you can use to create your website. This is a useful tool that can save you a lot of money as you don’t need to hire costly developers to create your website.
• Business tools: Tailor Brands also offers many business and branding tools with this plan. This includes a digital business card, 8 complimentary logo designs, a social media post creator, and plenty of other business tools and resources.
• $50 Amazon Gift Card: With the Elite plan, you will get an upgraded $50 gift card that you can use to shop on Amazon. This is a complimentary gift that is just an extra incentive for you to opt for the highest-tier plan by Tailor Brands.

Price: $249 per year

Apart from the services mentioned above, Tailor Brands also offers some additional services as add-ons to its subscription plans. This includes an array of business services.

Let’s discuss some of the main ones.

• Business Licenses: Tailor Brands’ team of experts will help you assess the requirements for your business and get the required licenses and permits at federal, state, and local levels. 
• Employer Identification Number: If you want to apply for a Tax ID, Tailor Brands can help with that as well. Their team will take care of the application process from start to finish.
• Business Bank Account: With this add-on service, you will get assistance in finding the best banks for your business. They’ll also help you choose the right business checking account.
• Business Insurance: Every business needs to insure itself against potential liabilities and threats. Tailor Brands can help you identify requirements and get all the required insurance coverage.
• Tax and Accounting: Let their team take the stress out of tax filings by doing it on your behalf. They’ll keep your accounts updated and file taxes in a timely manner to avoid any penalties.
• Invoicing and Bookkeeping: With this service, you will get a professional who will manage your business finances, including invoices and bookkeeping, so you don’t need to hire one separately.

Price: Custom