LLC Cost in Florida – How Much to Pay for an LLC

Perhaps you are hoping to form a Florida LLC. People assume how to start an LLC is difficult and costly. However, it’s generally not difficult, and the cost would vary across states. We have all the info you need to know about the cost of forming an LLC, particularly the LLC cost in Florida.

Florida LLC Cost of Filing

Here are the costs involved in forming an LLC in Florida.

Cost of Filing Formation Certificates

The Florida Certificate of Formation is responsible for the majority of the cost, which could also vary depending on whether you’re forming a domestic LLC or a foreign LLC. Still, you can file both at the Florida Secretary of State. 

Florida Domestic LLC

• Online Filing Fee costs $100.00
• Registered Agent Fee $25.00
• Certified Copy (optional) costs $30.00
• Certificate of Status (optional) costs $5.00
• Annual Report Fee costs $138.75
• Fine on late report costs $400
• By Mail: Fill out the application form, and sent it to New Filing Section, Division of Corporations, P.O.Box 6327, Tallahassee, Florida 32314. Costs $125

Florida Foreign LLC

• Online Application Filing Fee $100.00
• Designation of Registered Agent $25.00
• Certified Copy (optional) $30.00
• Certificate of Status $5.00

By Mail: Fill out the application form, and sent it to the Division of Corporations, Registration Section, P.O.Box 6327, Tallahassee, Florida 32314. Costs $125

Note that filing online is ideal, not only because you need to go to the Secretary of State office, but also it would be faster. You won’t have to wait in a queue in doing so.

Florida LLC Formation Service or Registered Agent Fee

You need a registered agent to form an LLC in Florida, hence, added costs for service fees. Here are three of the best LLC services on our list that will provide you with registered agents to ease your worries.

Business Permits and Licenses 

The business licenses depend on your business’s activity and location and are renewed yearly. As such, the cost will vary. Check the Florida Department of Revenue for regulatory boards or agencies requiring licensing. 

Florida LLC Taxes to be Paid

Florida is a tax-friendly state and provides numerous exemptions and low rates of taxes to business entities conducting their operations in the State.

Personal Income Tax

Florida does not impose any local county income tax on businesses and corporations.

Federal Income Tax

The Federal Income tax in the State of Florida varies between 10% to 39.6%.

State Business Tax

The Corporation income tax in Florida is generally at the rate of 5.5% of federal taxable income.

Sales Tax

The State imposes the sales tax at a standard rate of 6%. After the addition of local taxes, the general rate of sales is considered to be 7.01%.

Property Tax

The State imposes a tax at the rate of 0.98% on property.

Cost Comparison Among States

Every state has different costs of filing for an LLC to their respective State Authorities. If you wish to gain a better understanding of the costs of opening an LLC in a different state in comparison to Florida, read the table below:

State	Filing Fee	Annual Fee/Biennial Fee	Sales Tax
Florida LLC	$125	$138.75 (Annual)	6%
Georgia LLC	$100	$50 (Annual)	4%
Delaware LLC	$90	$300 (Annual)	no sales tax
Tennessee LLC	$300	$300 (Annual)	7%
North Carolina LLC	$125	$200 (Annual)	4.75%

Florida’s economy is listed among the world’s largest economies. The five significant sectors in Florida are transportation and utilities, trade, professional business services, education and health services, and hospitality. It is one of the States with a very little tax burden.

Other Costs

• Florida Name Reservation: $35
• Doing Business As (DBA): $50 for online filling or filing by mail
• Certified Document Copies: $30
• Certifificate of Good Standing: $5
• Business Domain Name and Website: depend on your preference, but domain name could be as low as $2.99/yr at NameCheap, and web hosting is at least $30/mo at Kinsta. 
• Online workspace: at least $4.20/mo for GSuite. 
• Business Insurance: would vary depending on insurance type–whether general liability insurance or professional liability insurance–and coverage. 
• Dissolution of Florida LLC: $25

How Much Does It Cost to Maintain an LLC in Florida

To maintain an LLC in Florida you will need to pay an annual fee of $138.75 along with sales tax, state business tax and federal taxes.

Creating an LLC in Florida is not as hard as you might think. However, there are some expenses that need to be taken into consideration. Those expenses aren’t always the cheapest. In fact, avoiding the expense of forming an LLC can lead to severe penalties. In addition, the state may require you to pay for permits and other business licenses. The costs associated with operating a business in Florida vary based on the type of business you are running.

The Articles of Organization are a must if you want to form an LLC in Florida. They require some basic information about your business, including your name, address, and the identities of your members. You will also need to have a registered agent, which is a legal document that serves as a representative of your LLC. A registered agent is responsible for delivering important legal paperwork to you, as well as helping you to maintain compliance with Florida state laws. Using a registered agent is a cost effective way to ensure that you receive all the paperwork you need to operate your business.

The Florida Department of Revenue has an interactive tool on their website to help you determine whether your business needs to register for tax filings. You may also need to register for a seller’s permit if you intend to sell tangible property. The costs associated with these permits vary based on your business, and you may be required to pay for these permits before you can open a business bank account. Alternatively, you can use an online account creation service to apply for business permits.

Using a registered agent is a good idea, but serving as your own registered agent can be a hassle. If you choose to use a registered agent, be sure to choose a reputable service. A reputable service will charge a nominal fee, and they will keep track of your filings and compliance with state laws. The most cost effective option is to use an online service that will handle the registered agent duties for you.

The most expensive expense of forming an LLC in Florida is not the business license, nor the annual report, nor the certificate of status. Those fees are all one time expenses, but you might be required to pay them again if you fail to meet certain requirements. There are also some other fees to consider, such as payroll taxes and self-employment taxes. You may also be required to obtain a professional license if your business requires such a designation. If you’re operating a tree trimming business, for instance, you may need to apply for a permit for the practice of arboriculture.

The most expensive item to purchase when forming an LLC in Florida is probably an operating agreement. The operating agreement contains information about the members’ rights and responsibilities, as well as details about your business operations. You may also need to purchase a fictitious name, which is a legal document that allows you to operate under a name other than your registered business name. This can be useful if you run an LLC with multiple brand names.

F.A.Qs

In Conclusion

The cost of Florida is much lower compared to other forms of business. Apart from the state filing fees and annual taxes, you might bear the cost of the registered agent. Compare the price of professional LLC services and choose the most affordable one.