Florida Multiple Member LLC Operating Agreement

Florida Multiple Member LLC Operating Agreement

The Florida multiple member operating agreement works much like a partnership contract that protects the members of the LLC from each other. The main details to be focused on if you are a member is the ownership interest, distribution(s), and capital contributions. These items are apart from the day-to-day activities and have to do with […]

Florida Single Member LLC Operating Agreement

Florida Single Member LLC Operating Agreement

The Florida single member LLC agreement is the bylaw to the company. It will set the rules and daily operations to further support the sole-member’s case that the LLC is a legal separate entity from their personal assets. Under State law, the operating agreement is not required for the LLC, but it is highly recommended […]

An LLC agreement states the business function, bylaws, and roles for the individuals of the entity. According to the Florida Statutes (Chapter 605 – Florida Revised Limited Liability Company Act) an operating agreement is not required, but is highly recommended to have by legal experts.
605.0105 – Operating agreement; scope, function, and limitations.
605.0106 – Operating agreement; effect on limited liability company and person becoming member; preformation agreement; other matters involving operating agreement.
605.0107 – Operating agreement; effect on third parties and relationship to records effective on behalf of limited liability company.

How to Setup an LLC in Florida

The process in Florida is one of the fastest in the USA taking about 2-3 days if the formation is completed online.

Step 1 – Choose the Entity Name. This can be completed by going to the LLC Search Page and entering the name you would like. If no matches show up, proceed to the next step.

Step 2Apply Online or with one of the following forms:

Articles of Organization – For a business that is not yet in existence, and will be located in the State of Florida.

Qualification of Foreign LLC – For a company located outside the State and looking to do business in Florida.

Step 3 – Pay the fee. Whether the LLC is *applied online or in the mail it will cost the applicant $125. If by check, make payable to the “Florida Secretary of State”.

*If you applied online this is the last step

Step 4 – For applicants that chose to mail the application, send to the following address:

Registration Section
Division of Corporations
P.O. Box 6327
Tallahassee, FL 32314

Step 5 – Optional – If the company is going to be operating financially and will have a bank account in the future, the Employer Identification Number (EIN) must be applied for through the IRS. The number can be applied for online.