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.

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.

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.

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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.

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How to Create & Run an LLC in Florida
 

References

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How to Apply for an LLC in Georgia

A limited liability company, or LLC, is a form of business association that combines the best aspects of a corporation and a partnership. As in a corporation, investors and owners of an LLC enjoy limited liability, which generally prevents LLC creditors from satisfying LLC debts with the personal assets of investors and owners. As in a partnership (and unlike a corporation), the assets of an LLC are not taxed until the proceeds are distributed to LLC owners. Forming an LLC in Georgia requires submitting a document, called articles of organization, with the Georgia secretary of state.

Management Structures in a Limited Liability Company

Before you start conducting business, you need to have a management structure in place. Otherwise, your operations may become disorganized chaos before you even get the new venture off the ground. If you’ve chosen to structure your business as a limited liability company, or LLC, it can be managed by the members, managers or appointed officers.

How to Start an LLC in San Francisco

If you're launching a business in San Francisco -- or elsewhere in California -- and want to establish it as a limited liability company, it's not particularly difficult to do so. But you'll need to jump through a number of regulatory hurdles required by state, county and perhaps city agencies. The statute authorizing LLCs in California was passed in 1996. In 1997, the Internal Revenue Service began to allow LLCs the option of filing taxes as a partnership or as a corporation. California law allows for single-member LLCs and grants perpetual existence for an LLC. All of these factors make it more attractive for entrepreneurs to opt for an LLC when starting a business in the state.

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