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The Cheapest Way to Form an LLC in Florida (2024)

Max Smith

Reading Time: 5 minutes

Do you want to legally establish an LLC in Florida at the lowest possible cost? Then, it would help if you found the cheapest way to form an LLC in Florida. 

You can save money and form your LLC at a lower cost when you avoid extra expenses. In fact, there is a way to create an LLC yourself, hire a less expensive service provider, and make no mistakes to avoid paying any penalty. So, read on as I unveil the details in depth.

There are several steps to forming an LLC in Florida, but there are different approaches. How much it costs to set up a Florida LLC depends on your approach. Let’s examine some economic approaches if you want to find a cheaper way to form an LLC.

1. Employing a Business Lawyer

Usually, entrepreneurs take this approach. They hire a business attorney for some professional services. But is it cost-effective?

These professional attorneys charge for their services. Typically, they charge by the hour they spend on your LLC formation. Moreover, they charge a flat fee for their services.

Again, these charges are not the same for all attorneys. The fees vary depending on the attorney’s experience and demand. In fact, the fee variation depends on your specific requirements.

Besides, there can be additional fees if your needs are more complex or customized. While employing a lawyer is sometimes advised, there are better ways to form an LLC.

2. Online Formation Services

Online formation services are another approach for Florida LLC formation. It is helpful, especially with the paperwork and filing assistance. Indeed, this approach can be a cost-effective option.

Companies like ZenBusiness, LegalZoom, Incfile, and more are online. They provide services in packages. These formation packages cost around $50 to $100, including the state filing fee.

If you decide to take this approach, there are some benefits. These services can simplify the process and give you more support & resources.

3. The DIY Option

You can ditch getting outside assistance or services and take the do-it-yourself approach. This is the most economical way to incorporate a Florida LLC. Here is the breakdown:

  • Filing Fee

The filing fee is the primary fee for the Florida Division of Corporations. It is typically around $125. But we always recommend checking the current fee, as it might change. You can go to the official website to find out the amount.

  • Articles of Organization

While giving the filing fee, you will also need to prepare and submit the Articles of Organization. If you do this yourself without hiring assistance, it will be cost-efficient.

  • Operating Agreement

Although an operating agreement is not required by law in Florida, it is still advisable to get one. Create an operating agreement yourself. Plus, you can draft it or find templates online to avoid hiring experts.

If you recruit some professional service providers, they will do all your work. But it is the most expensive option. On the other hand, online formation services are cost-effective but not the cheapest option. 

In summary, DIY is the cheapest if you are willing to handle every stage yourself. But how will you open an LLC in Florida? Let’s find out!

How Do I Open an LLC in Florida by Myself?

You can open an LLC by yourself, which is legal in Florida. However, you must take some steps and complete them without any errors. Here is the guideline.

1. Choose a Name

Choose a name that is unique and available. In addition, it must follow Florida’s LLC naming laws. So, add words like “Limited Liability Company,” “LLC,” or “L.L.C.” to the name.

2. Designate a Registered Agent

There should be a registered agent designated for an LLC. In fact, you can be that agent yourself. Just make sure you have a physical address in Florida.

3. File Articles of Organization

Fill out Form CR2E047. Then, please send it to the Florida Division of Corporations along with the Articles of Organization. There should be:

  • LLC name and address.
  • LLC’s purpose.
  • LLC’s management structure.
  • LLC’s registered agent and their address.

4. Create an Operating Agreement

The law may not require an operating agreement, but it is recommended. Create it yourself by drafting the document. Moreover, you can also use a template online. Have outlines of the ownership, management, and operational details.

5. Obtain an EIN

Get an employer identification number yourself from the IRS. It is for tax purposes. You can get it online for free from the IRS website.

6. File Annual Report

After the formation, maintain your LLC’s active status. For this, each year, file an annual report with the Florida Division of Corporations. The fee is typically around $138.75.

7. Comply with Other Requirements

Make sure you collect all the necessary licenses or permits. Many types of licenses depend on your business type, industry, and jurisdiction. You can get them from a responsible authority or agency in Flordia.

8. Maintain Additional Tasks

Always ensure that you are complying with all federal, state, and local tax obligations. Also, keep accurate records. Plus, open a business bank account to separate your finances. 

Conclusion​

In the end, you can form an LLC in Florida either by yourself or with the help of paid services. However, the DIY approach is the cheapest way to form an LLC in Florida. It requires more time and effort on your part.

In this case, online formation services are a good option. It may not be the cheapest, but it is a more hands-off approach with additional guidance. Undoubtedly, the benefits of an LLC in Florida will make it worthwhile for you to open an LLC.

Key Points

  • Employing a business lawyer is the most common approach to cheaply form an LLC in Florida. But there are charges for their services. They depend on their experience, demand, and your specific requirements. It means this is the most expensive option.
  • Using online formation services is another fair approach, especially for the paperwork and filing assistance. It is undoubtedly less helpful than hiring attorneys. But you will still get more support and resources. In the matter of costs, it offers a middle ground.
  • The DIY approach is a great option for saving money. However, you must take care of every step of the formation yourself.
  • There are steps to follow if you want to open an LLC in Florida by yourself.
    • Choose a name.
    • Designate a registered agent.
    • File Articles of Organization
    • Create an operating agreement.
    • Obtain an EIN.
    • File an annual report.
    • Comply with other requirements.
    • Maintain additional tasks.

Frequently Asked Questions

How long does it take to form an LLC in Florida?

It usually takes 2 to 15 days to form your LLC in Florida, depending on your application’s completeness. Online filings take around 8 business days in Florida, while paper filings take 7 or more days.

What is the State of Florida LLC registration form?

If you want to amend or correct a rejected LLC application, you must apply for it. Then, you can visit sunbiz.com and get the registration form. You can also visit your state officials and get their permission to apply for registration. It’s a significant step to form your LLC in Florida. Of course, you may also pay any associated fees with the form.

Can I create an LLC in Florida online?

Of course! In Florida, you will be able to register an LLC online easily. You may need to review the Florida Department of State’s Division of Corporations. So go through Sunbiz.org, and then the online Florida incorporation service filing system will let you fill out the details, submit the application with other documents, and await approval.

How to start an LLC in Florida for free?

There is no free way to start your LLC in Florida. You must pay the state filing fee, $100, and the registered agent fee, $25. Contact the state officials to learn the fee amount and prepare to pay them using other forms and documents.

Max Smith - LLC Formation

He is a seasoned entrepreneur and legal expert at LLC Formation Hub. With a stellar track record in both business and law, Max simplifies the complexities of LLCs. His practical insights, featured on LLC Formation Hub, empower entrepreneurs across the USA. Max merges business finesse with legal acuity to guide businesses toward success.


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