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There are a series of important decisions to make to legally register a business in Florida. One of the most important steps in forming a limited liability company (LLC) is filing the "articles of organization" that must establish:
It is advisable to enlist legal help from an experienced business lawyer, as they can help you better understand the legal requirements for registering your business and how to draft the necessary LLC documents for approval.
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There are several ways you can structure your business. If you have shareholders and a high risk factor, a corporation might be your best choice since shareholders cannot lose their personal assets even when they lose the funds they invest. Partnerships are perhaps the riskiest structures you can choose. In a general partnership, each partner assumes liability for the company’s debts and the other partner’s actions. In a limited partnership, though, the limited partners are not liable for the company’s debts. However, this structure requires that one of the partners remains liable for the partnership’s debts. Don’t start your business without knowing what option suits your business model best.
Most smaller startups choose the limited liability company (LLC) option. LLCs have the liability protection of corporations while still having the option to choose how to distribute their profits. They also are eligible for the pass-through tax option – paying individual income taxes rather than the higher rate the government imposes on corporations. Our business formation law firm can help you find which structural option is the best choice for your situation.
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Phone: 855-952-6659
607 16th Ave S
Jacksonville Beach, FL 32250
Disclaimer: The information on this website is for general information purposes only. Nothing on this site should be taken as legal advice for any individual case or situation. This information is not intended to create, and receipt or viewing does not constitute an attorney-client relationship.
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