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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  • Extras are bit more expensive

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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.

Running an LLC in Florida means being aware of the expenses that come with it. The cost of maintaining an LLC in the Sunshine State comes from various sources, ranging from initial setup fees to recurring annual expenses. It’s essential for business owners to consider these costs when deciding whether or not to form an LLC.

One of the most significant expenses associated with maintaining an LLC in Florida is the initial setup fee. When registering an LLC with the state, there is a filing fee that must be paid. This fee covers the cost of processing the necessary paperwork and officially forming the LLC. While this fee varies depending on the state, it is a one-time cost that must be paid when establishing the LLC.

In addition to the initial filing fee, there are also annual costs associated with maintaining an LLC in Florida. One of the most crucial annual expenses is the annual report fee. LLCs in Florida are required to file an annual report with the state each year. This report includes important information about the LLC, such as its members and managers. Along with filing the report, there is also a fee that must be paid to the state. This fee helps to cover the cost of maintaining the LLC on the state’s records.

Another annual expense that LLCs in Florida must consider is the annual state tax return. While Florida does not have a state income tax, LLCs are still required to file an information return with the state. This return helps the state to keep track of the LLC’s financial activities and ensures that the business is in compliance with state laws. There may also be additional costs associated with maintaining an LLC, such as obtaining business licenses, permits, or insurance coverage.

While the costs of maintaining an LLC in Florida can add up, it’s important for business owners to consider the benefits that come with this business structure. LLCs offer liability protection for their members, meaning that the personal assets of the owners are typically shielded from business debts and liabilities. This protection can be invaluable in the event of lawsuits or other legal issues that may arise.

Ultimately, the cost of maintaining an LLC in Florida is just one of the many factors that business owners must consider when deciding on a business structure. While there are expenses involved, the benefits of forming an LLC often outweigh the costs. It’s essential for entrepreneurs to weigh these factors carefully and consult with legal and financial professionals to make informed decisions about their business ventures.

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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