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How can I form a limited liability company?

There are many forms of businesses, but one popular options is the limited liability company (LLC.) An LLC does not have a corporate tax structure but can still protect business owners from liability. In order to form an LLC in Florida, there are specific steps you need to take to make it legal. It can be helpful to speak with an attorney to make sure no business law regulations are overlooked.

First, you will need to come up with a name for your LLC. The name must comply with all Florida state rules regarding LLC names. For example, you must make sure that you do not take the name of an existing LLC. The name must also clearly mention that the business is an LLC.

Once you have selected an appropriate name, you will need to come up with the Articles of Organization. There are governmental forms that make this fairly easy. You will have to include the name of your LLC, owner names, address and other key points regarding the company. Once you have filled out the forms, you will file them and pay a filing fee (generally around $100.)

The next step will be to create an operating agreement, even if your state does not require it. This agreement will provide the rules and regulations for those involved with the LLC. This will help determine how the LLC will be managed and give members specific rights and responsibilities.

In some states, you are required to publish a notice announcing your intent to form an LLC. Once that is done, your LLC is officially registered with the government. You will then need to make sure you obtain all the right permits and licenses to get your business up and running.

This is only a general overview of how to form an LLC, but it should give you an idea of what to expect. However, to fully understand how to form an LLC that complies with Florida law, it may help to speak to a Florida business law attorney.

Source: FindLaw, "Forming an LLC," accessed on Dec. 12, 2016

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