If you are forming a Florida LLC, you will need to choose a name for your business that is unique from all other active entities in the state of Florida. To assist with your naming efforts, the Florida Division of Corporations provides free use of their online entity database. This database can be used for a number of different reasons and is simple to use for brainstorming different business names. The database will let you know if a name is currently in use by another Florida entity, as well as the status of current Florida businesses.
As you brainstorm names for your business, keep in mind the following name guidelines that apply to Florida LLCs:
Once you have come up with a name for your LLC, conduct a search in the Florida Division of Corporations database. If your chosen name is currently in use by an active Florida entity, you will not be allowed to register your LLC under that name. Follow these steps to complete your database search:
Generally, LLCs protect their owners from potential debts or liabilities incurred by the company.
In most cases, the liability of an LLC owner is limited to the amount initially invested into the company.
LLCs enjoy a pass-through taxation classification. This allows owners to report the profits and losses of the company on their own tax return, avoiding the double taxation that corporations are subject to.
The LLC structure offers simplicity and flexibility in both formation and management. LLCs have no limitations on membership and are allowed to implement their own profit distribution structure.
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