How to Get an LLC in Tampa, Florida

By Jim Thomas

Getting an LLC in Tampa, or anywhere else in Florida, is a fairly easy matter. Many people set up a smaller business as a limited liability company -- although it isn't a corporation, an LLC provides some of the same protections that are available to corporations. Limited liability, as you might guess, is one of the primary advantages. As a member of an LLC, you can't be sued for your personal assets by creditors or customers, so you don't have to worry about losing your house. In addition, as the AllBusiness website explains, an LLC gives you flexibility in the structure of your business and in deciding how it will be taxed.

Getting an LLC in Tampa, or anywhere else in Florida, is a fairly easy matter. Many people set up a smaller business as a limited liability company -- although it isn't a corporation, an LLC provides some of the same protections that are available to corporations. Limited liability, as you might guess, is one of the primary advantages. As a member of an LLC, you can't be sued for your personal assets by creditors or customers, so you don't have to worry about losing your house. In addition, as the AllBusiness website explains, an LLC gives you flexibility in the structure of your business and in deciding how it will be taxed.

Name

Your business name must be different enough from other LLC names on file with Florida Division of Corporations to be "distinguishable." The name must not state or imply that the LLC is connected with a state or federal agency or a U.S. corporation. The last words of the company name must be "limited liability company," either spelled out or abbreviated.

Ready to start your LLC? Start an LLC Online Now

Filing Articles of Organization

In order to obtain an LLC, you must register articles of incorporation with the Florida Division of Corporations. Forms to do so are available at its website. The form and a fee are all you need to get an LLC. Although Florida doesn't require an operating agreement to form an LLC, the Citizen Media Law Project strongly recommends creating one. It typically includes material such as how the company will be managed, what each member will contribute in terms of capital and how profits and losses will be distributed.

Tax Requirements

You'll need to obtain a Employer Identification Number from the Internal Revenue Service, which can done online. You also can register online to pay state business taxes at the Florida Department of Revenue site. If you hire employees in Florida, you are required to notify the IRS and the Florida New Hire Reporting Center. Get the details at the IRS website's Hiring Employees section. Finally, if you have at least four employees, you must carry workers' compensation insurance.

Bank Account

Keeping your business finances separate from your personal accounts is not required under Florida law, but it's a good idea. When you open a bank account for your business, the bank is likely to ask for your EIN and a copy of your LLC's articles of organization.

Ready to start your LLC? Start an LLC Online Now
How to Create & Run an LLC in Florida

References

Related articles

Florida LLC Vs. Incorporation

Although the corporation is one of the most popular business forms in the United States, every state has also authorized the formation and operation of the limited liability company, or LLC, which has gained wide acceptance in the business community. Each of these business entities offers advantages and disadvantages. The Florida Department of State administers the formation of both corporations and LLCs.

How to Start an LLC in Florida

A Florida LLC must register a unique name and submit an Articles of Organization document to the Florida Division of Corporations. State law describes the requirements of an LLC's organizing document. Certain types of businesses in Florida also have to register to collect state taxes, such as sales tax, which are remitted to the state. Though it's relatively easy to start an LLC in Florida, it may be to your advantage to consult with a lawyer or an accountant to determine the best way to proceed in your particular circumstances. As in other states, the owners of a Florida LLC are called members.

What Records Are Needed to Keep for an LLC in Florida?

Chapter 608 of the Florida Statutes sets out state law requirements for Florida limited liability companies (LLCs). An LLC is a hybrid business entity that has characteristics of both corporations and sole proprietorship/partnerships. Florida law requires that the members (owners) of an LLC registered in that state keep certain records.

LLCs, Corporations, Patents, Attorney Help

Related articles

Florida Laws for Setting Up an LLC As a Subsidiary

Your existing business may want to form a subsidiary LLC as an investment or, perhaps, to spread out your ...

How to Set Up an LLC in Florida

Limited liability companies can be found in each state of the United States including Florida. The LLC form of business ...

Florida Corporation Types

Selecting a business entity in Florida, or any other state, is an important decision. There are four types of ...

How to Form a Limited Liability Company in Florida

A limited liability company, or LLC, can be formed under Florida law by filing the appropriate forms with the ...

Browse by category