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.

The cost of maintaining an LLC in Florida can vary depending on different factors, such as the size of your business, the industry you operate in, and the services you require. However, there are some standard costs that every LLC owner should be aware of.

One of the main ongoing costs of maintaining an LLC in Florida is the annual filing fee with the Florida Department of State. This fee is required every year to keep your LLC in good standing. The exact amount of the filing fee can vary, so it is essential to check the most up-to-date figures on the Florida Department of State’s website.

Additionally, Florida requires LLCs to file an annual report with the Department of State. This report provides updated information about your LLC, such as your business address, registered agent information, and management structure. While the cost of filing an annual report is separate from the annual filing fee, it is another ongoing cost that LLC owners must be prepared for.

In addition to government fees, LLC owners in Florida should also budget for other potential expenses, such as hiring a registered agent. A registered agent is a person or company designated to receive legal documents on behalf of your LLC. While LLC owners can act as their registered agent, many choose to hire a professional service for this task, which comes with a fee.

Furthermore, LLC owners may also need to consider the cost of business licenses and permits required to operate legally in Florida. The specific licenses and permits vary depending on the industry and location of your business, so it is essential to research the requirements for your particular situation.

Beyond government fees and licenses, maintaining an LLC in Florida may also involve costs related to legal and accounting services. LLC owners may need to consult with lawyers or accountants for various reasons, such as drafting contracts, ensuring compliance with tax laws, or handling disputes.

Overall, while the cost of maintaining an LLC in Florida can add up, it is important for business owners to budget for these expenses to ensure their company remains in good standing. By being proactive and staying informed about the ongoing costs associated with running an LLC, entrepreneurs can better prepare for the financial obligations of maintaining their business.

In conclusion, while the exact cost of maintaining an LLC in Florida can vary, it is essential for business owners to be aware of the common expenses involved. By budgeting for government fees, licenses, registered agent services, and potentially legal and accounting fees, entrepreneurs can ensure that their LLC remains compliant and operational. Let us know your thoughts and experiences with maintaining an LLC in Florida.

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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