The articles of organization are legal documents that establish a limited liability company (LLC). These are filed at the state level in Florida and outline the rights, powers, obligations of the LLC.
Filing the articles of organization is a crucial first step to form an LLC in Florida, marking the official creation of your business entity. Beyond filing your articles, there are initial costs and requirements, such as conducting a business name search to ensure name uniqueness. LLCs offer notable benefits such as asset protection and the ability to make personal assets safe from business liabilities. They also allow for tax advantages, simple annual report submissions, and the option for a single-member LLC or an anonymous LLC, catering to various business needs and privacy preferences.
The articles of organization are filed with the secretary of state in Florida. The articles should be filed along with a fee, and after they are filed they will officially form the LLC. In certain states, the articles of organization are called by a different name.
Essentially, the articles of organization are an outline of your company. Each state has different requirements for what needs to be included, but generally, they include the purpose of the business, as well as information about members and managers.
Without the articles of organization, you cannot set up a business bank account or apply for business loans, because you will not have a legitimate business. The articles set up a legal identity that protects each partner's personal assets and finances, as well as establish limited liability.
Here’s a list of information that Florida LLCs are required to include in their Articles of Organization. Remember to be as detailed as possible.
When forming a corporation, it becomes official with the articles of incorporation. Although sounding similar, the articles of organization are different. The content of the articles of organization and the articles of incorporation have different purposes.
The articles of organization are always used to establish an LLC, while articles of incorporation are always used to create a corporation.
Every state has different fees that accompany the articles of organization. In Florida, the cost to file the articles of organization for an LLC is $100, with an additional $25 registered agent fee.
If this is your first time filing articles of organization in Florida, follow 5 steps to filing successfully.
The first step in creating an LLC and filing the articles of organization involves choosing a unique name. This name should be listed in the articles, and be completely unique in the state of Florida. It must have the words “Limited Liability Company”, “LLC”, or “L.L.C” at the end of it.
The street address, principal place of business, and business mailing address must be listed.
Every business and LLC in the state of Florida must appoint a registered agent. This person or business must live in the state of Florida and have a physical address in the state.
Managers work for the LLC, and members own it. All these people involved should be listed, including names and addresses.
You may not want your LLC to go active until a specific date. This is usually the date that your filing is accepted, but you can choose to have it go live on a different date: up to five days before the Department of State receives the filing or up to 90 days after.
Your Florida Articles of Organization can be filed online, in person, by mail, or by fax. Online filings are usually processed the most quickly, but be sure to include the $100 filing fee, plus the $25 registered agent fee.
Although not common, if you make a mistake when drafting the articles of organization, they may be rejected by the secretary of state. Articles are usually rejected because there is a problem with the proposed name of the LLC. This can be avoided by confirming the name is available and paying to reserve it beforehand.
Another reason may be because you did not send the filing fee, or did not confirm you were meeting all legal requirements. Depending on the secretary of state office, it may take several weeks to get a response. After they are approved and filed, the LLC becomes a legal business entity in the state of Florida.
Working with a lawyer to form a limited liability company is usually a good idea. This can ensure that there are no mistakes that can cause delays. By making sure that your articles are written and filed correctly, you will ensure to stay in compliance with all laws, and the process will go smoothly.