If you want to open a new business or your business is functioning without any business structure, you must organize or incorporate your business. Forming a Florida Limited Liability Company (the so called LLC) cultivates the benefits you seek in protecting your personal assets, gaining potential tax advantages and maximizing the credibility of your business.
Having a Limited Liability Company is important to protect your business and to protect the Company’s members from potential lawsuits against them. It is important to understand that the U.S. is one of the most litigious countries of the world and any mistake or omission could be costly for you or your family. As a result, At LOIGICA we always recommend our clients to organize a Limited Liability Company or form a Corporation.
Under Florida law, an LLC name must contain the words "LLC or L.L.C." you must also have a permanent address for the business and a registered agent who may be an individual or a business entity that agrees to accept legal papers if the company is sued. Furthermore, it is extremely important that the name that you want to use is not taken by another company or business entity. Why? The Florida Department will not register your business if there is a similar or identical business name already registered.
One of the most important documents for a Limited Liability Company is the Operating Agreement. We highly recommend that you have an operating agreement for your LLC. The Company’s members do not need to file this agreement because it is a private document among the company’s members that basically governs the company’s business, and member's financial and managerial rights and duties.
For assistance in creating a Florida Limited Liability Company or a Florida Operating Agreement, or for more information on business law, please contact one of the attorney’s at LOIGICA, P.A. We will be happy to assist you in any of your business matters. We look forward to helping you.