Fast Florida LLC Formations

The primary reason not to register the LLC yourself is the privacy aspect. We have clients call us every week who tried to save a few dollars doing it themselves. They quickly found out one mistake cost them more than money. Having us set up your LLC also provides you with a number of important documents and a help line in case you have any questions.

There are other providers. However, most of them tend to be large national incorporation companies. They charge more, take longer and care less than we do. Some of them are simply just resellers of local incorporation and virtual office providers such as us. There are no call center employees here, nor will you ever be passed off from one person to another.

In future years, you can save money with our cheap $75 registered agent service.

An EIN stands for Employer Identification Number, or more simply is an Employer ID. This number functions as the equivalent of the company's social security number. It is required to open a bank account, have employees and to obtain wholesale rates. Having an EIN is important because it allows the separation of your personal and business assets. This separation assists with asset protection and obtaining various tax benefits which can only be had by setting up a company.

The corporate veil is what provides personal protection from business liabilities. It centers around the idea that the LLC or Corporation is an entity separate from its owners. As such, the company can agree to contracts and be solely liable for debt and other liabilities. This degree of separation prevents the owner's assets from being taken by the company's creditors.

Our service provides everything needed to open a bank account except an EIN (which we can assist with too). You receive your Articles of Organization with the Sunbiz stamp, an Operating Agreement and more. These documents are ready to download, print and sign whereas other services often provide templates you must complete yourself. All of our documents are in word format and can easily be edited without any additional fees.

An operating agreement is a contract which delineates the rights and responsibilities of the owners and managers. With one owner the the operating agreement is fairly short. In such cases, the agreement creates some guidelines and is useful for opening a bank account, but there is no need for protection from other owners.

Florida requires you file an annual report every year to keep your company in good standing. Failure to pay on time can result in significant fines. We are happy to assist you with filing this report. For simplicity, simply check the subscribe feature on our site to automatically renew every year without any worries.

We strongly advise against this. A "Sole-Prop" is when you run everything personally. This provides no protection from liabilities, no tax benefits and is not viewed as being professional generally speaking.

A limited liability company is treated as a pass through entity by default. For FL residents this means there will be no personal income tax since the company's earnings flow directly onto your personal tax statement. While an LLC does not pay taxes directly, it can still assist with lowering your overall tax rate. This is due to the new tax laws congress has passed which provide unique benefits to business owners you cannot obtain via being a sole-proprietorship.