April 20, 2024

Limited Liability Companies (LLCs)

Basic information about laws governing Florida limited liability companies.

| 3/2/2009

Glossary

» A limited liability company is a hybrid form of business entity combining some of the attributes of a corporation with the status of a partnership.

GENERAL INFORMATION

Any entity that transacts business in Florida as a limited liability company is required by Florida Statutes to file Articles of Organization or an application for authorization with the Division and pay the filing fee. These documents must be typewritten or printed legibly in the English language. The professional advice of your legal counsel to ascertain exact compliance with all statutory requirements is strongly recommended.


All limited liability companies must file an annual report with the Division each year between January 1 and May 1 and pay the filing fee. Failure to file will result in administrative dissolution of the limited liability company or loss of authorization to transact business in Florida as a foreign limited liability company.

Basic Information Required to File Florida Limited Liability Company Documents:

Articles of Organization containing the following information:

» The name of the limited liability company, which must be distinguishable on the records of the Department of State and end with the words “limited liability company” or the abbreviation “L.L.C.” or the designation “LLC”. (The word “limited” may be abbreviated as “Ltd.” and the word “company” may be abbreviated as “Co.”)

» The mailing address and the street address of the principal office of the limited liability company.

» The name and Florida street address of the limited liability company’s registered agent. The registered agent must sign and state that he/she is familiar with and accepts the obligations of the position.

» The Articles of Organization must be executed by one member or an authorized representative of a member. The execution of the document constitutes an affirmation under the penalties of perjury that the facts stated therein are true.

» (Optional) If an effective date is listed on the Articles of Organization, the date must be specific and cannot be more than five business days prior to nor 90 days after the date of filing.

Tags: Florida Small Business

Florida Business News

Ballot Box

Do you think recreational marijuana should be legal in Florida?

  • Yes, I'm in favor of legalizing marijuana
  • Absolutely not
  • I'm on the fence
  • Other (share thoughts in the comment section below)

See Results

Florida Trend Media Company
490 1st Ave S
St Petersburg, FL 33701
727.821.5800

© Copyright 2024 Trend Magazines Inc. All rights reserved.