Each state has different requirements for forming a limited liability company (LLC). Whether you are starting a business or incorporating a business already in existence, you'll want to understand the state requirements for LLC formation.
Acceptable LLC Names in Florida
A Florida LLC’s name must end with "Limited Liability Company," "Limited Company," "Ltd. Co.," "LLC," "L.L.C.," "LC" or "L.C." The word "Limited" cannot be used. Words such as "Bank," "Bancorp," "Mortgage" and "Loan" require approval from the Department of Financial Regulation.
Florida’s Requirements for LLC Members and Managers
- There must be at least one member/manager.
- There are no residency requirements for members or managers.
- There are no age requirements to be an LLC member or manager.
Requirements for Florida Articles of Organization
A Florida LLC is created when Articles of Organization are approved by the state. Florida requires that the names and addresses of members/managers be listed in the Articles of Organization.
LLC Must Have a Registered Agent
Every Florida LLC must appoint a registered agent as part of the formation process. The Articles of Organization require the name and address of a registered agent. The registered agent must have a physical address (no post office boxes) in Florida and must be available during normal business hours to accept important legal and tax documents for the business.
Can Professionals Operate as an LLC in Florida?
Professionals, such as accountants, attorneys and physicians, are allowed to form professional limited liability companies (PLLCs) in Florida.