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


Steve Goldstein
Steve Goldstein
Business Formation Expert
Steve Goldstein runs LLCBuddy, helping entrepreneurs set up their LLCs easily. He offers clear guides, articles, and FAQs to simplify the process. His team keeps everything accurate and current, focusing on state rules, registered agents, and compliance. Steve’s passion for helping businesses grow makes LLCBuddy a go-to resource for starting and managing an LLC.

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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.

LLC Service

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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:

StateFiling FeeAnnual Fee/Biennial FeeSales 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

F.A.Qs

Can I start an LLC for free?

It is possible to form an LLC without professional help, but forms still have associated costs, regardless of where your LLC is formed.

Is an LLC expensive?

It is difficult to say whether forming an LLC is expensive. Nevertheless, the cost could be anywhere from $40 to $500. If you refuse to hire professionals, you’ll still have expenses like form fees to cover.

Does an LLC need a bank account?

The need to separate personal money from business funds, thus necessitating the creation of a business bank account for your LLC.

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.

One crucial aspect of running an LLC is understanding the costs associated with maintaining it. While the upfront costs of forming an LLC in Florida may be relatively low compared to other states, there are ongoing expenses that need to be budgeted for in order to ensure your LLC remains in good standing.

One of the key costs of maintaining an LLC in Florida is the annual report fee. Every LLC in the state of Florida is required to file an annual report with the Secretary of State by May 1st of each year. The annual report fee is $138.75 for most LLCs, but can vary based on the specifics of your business.

In addition to the annual report fee, Florida LLCs are also required to pay a yearly fee to the Department of Revenue for their annual report. This fee can vary depending on the size and structure of your LLC, so it’s important to check with the Department of Revenue for more information.

Another cost to consider is the fee for a Registered Agent. Florida requires all LLCs to have a Registered Agent on file with the Secretary of State. A Registered Agent is responsible for receiving legal documents and official government correspondence on behalf of your LLC. While you can serve as your own Registered Agent, many business owners opt to use a professional service to ensure compliance and peace of mind. These services typically charge an annual fee for their services.

It’s also important to note that failure to pay annual fees and file required reports can result in your LLC falling out of good standing with the state. This can lead to penalties, fines, and even the dissolution of your LLC. To avoid these consequences, it’s crucial to stay on top of your annual obligations as a business owner.

While these costs can add up over time, it’s important to view them as necessary investments in the long-term success of your LLC. By budgeting for these expenses and staying organized with your paperwork, you can ensure your LLC remains compliant and in good standing with the state of Florida.

Ultimately, the exact costs of maintaining an LLC in Florida will vary depending on the specifics of your business. However, by understanding these general costs and responsibilities, you can set yourself up for success as a business owner in the Sunshine State.

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.

2 thoughts on “LLC Cost in Florida – How Much to Pay for an LLC”

  1. Hola quiero saber que nesecito para tener una licencia para arreglar casas , no construir sino remodeler. Gracias

    Reply

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