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.

All Posts by Steve Goldstein →
Business Formation Expert  |   Fact Checked by Editorial Staff
Last updated: 
LLCBuddy™ offers informative content for educational purposes only, not as a substitute for professional legal or tax advice. We may earn commissions if you use the services we recommend on this site.
At LLCBuddy, we don't just offer information; we provide a curated experience backed by extensive research and expertise. Led by Steve Goldstein, a seasoned expert in the LLC formation sector, our platform is built on years of hands-on experience and a deep understanding of the nuances involved in establishing and running an LLC. We've navigated the intricacies of the industry, sifted through the complexities, and packaged our knowledge into a comprehensive, user-friendly guide. Our commitment is to empower you with reliable, up-to-date, and actionable insights, ensuring you make informed decisions. With LLCBuddy, you're not just getting a tutorial; you're gaining a trustworthy partner for your entrepreneurial journey.
florida_state_seal

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

Our Rating & Pricing

Top Features

Learn More

#1 TOP PICK

$0 + State Fees

  • 100% accuracy guarantee

  • Worry-free service

  • Great customer support

  • Established reputation

  • Extras are bit more expensive

  • Good customer support

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 of the primary costs associated with maintaining an LLC in Florida is the annual filing fee. Florida requires all LLCs to submit an annual report with the Secretary of State, along with a fee, which can range from $138.75 to $500 depending on the size of the business. Failure to file the annual report can result in penalties and administrative dissolution of the LLC, which can be costly to rectify.

In addition to the annual filing fee, LLC owners in Florida must also consider other ongoing expenses such as registered agent fees. A registered agent is required for every LLC in Florida and serves as the point of contact between the business and the state. Hiring a professional registered agent can cost anywhere from $50 to $300 per year, depending on the services offered.

Another significant expense for LLC owners in Florida is the cost of compliance with state regulations. Florida has strict requirements for LLCs, including maintaining a physical address in the state, keeping accurate financial records, and filing annual tax returns. Business owners may need to hire legal or accounting professionals to ensure compliance, adding to the overall cost of maintaining their LLC.

Furthermore, LLC owners in Florida must also consider the costs of liability insurance. While LLCs offer limited liability protection to their owners, they are still at risk of lawsuits and other legal claims. Purchasing liability insurance can help mitigate these risks, but it comes with a price tag that varies depending on the size and nature of the business.

Overall, the costs of maintaining an LLC in Florida can add up quickly for business owners. It is important for entrepreneurs to carefully budget for these expenses and factor them into their overall financial plan. Failure to adequately budget for ongoing LLC maintenance costs can result in financial hardship and potential business failure.

In conclusion, while setting up an LLC in Florida may be a relatively affordable process, maintaining the business can be costly in the long run. From annual filing fees to registered agent expenses to compliance and insurance costs, LLC owners in Florida must be prepared to invest in the ongoing maintenance of their business. By understanding and budgeting for these expenses, entrepreneurs can help ensure the long-term success and profitability of their LLC.

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

Leave a Comment