Palm Beach Gardens 6/7/2012 5:23:50 AM
News / Business

Easy As LLC with Form-A-Corp

If you want to form an LLC in Florida, Form-A-Corp.com can make it affordable and easy. The first step in forming your own LLC is choosing a name for your business. You want to choose a name that will stand out in people’s minds and also something that you can use on the Internet for your website and URL. Rather than starting with a name that describes exactly what you do, like “Joe’s Flowers,” it helps to find something about flowers that can give your business a personality and differentiate you from your competitors. “Petals to Go,” “Blooms on 4th” or “Blooming Sales” would be great ways to name a flower business. Use a thesaurus to help you come up with synonyms for your business. In order to comply with Florida law your company name must contain the initials "LLC" and may not state or imply that your company is connected to any U.S. state or federal government entity or corporation.

Once you come up with a name, Form-A-Corp.com can check for you to make sure no one else is using it. They have access to the fictitious name database that is maintained by the state of Florida. They will also search in the Thomas Register to make sure your name doesn’t show up so you won’t be infringing on anyone's trademark. Form-A-Corp.com will even register your name with the United States Patent and Trademarks Office if you want a trademarked name.

Next, Form-A-Corp.com will file your articles of organization with the Florida Department of State, Division of Corporations. They will take care of filling out a complicated form that will provide the Department of State with the following: company name; name and address of the registered agent; company’s legal address; business purpose; members’ names and addresses; LLC organizer’s name and address; management structure; firm’s duration; and whether the LLC can continue if a member leaves the organization.

Form-A-Corp.com can also help with your operating agreement if you want to form an LLC in Florida, because every LLC should have an operating agreement. However, it is not required in Florida. If you do not like the formality of an operating agreement, Form-A-Corp.com will help you set down on paper how often you will be conducting meetings, how you plan to operate the company, the allocation and distribution of funds, profits and investments, which members will be investing in the LLC, and how much each will be contributing, and what method of bookkeeping you will be using.

Since you will need to comply with your city or county requirements and register for a business license or tax registration certificate, Form-A-Corp.com can help you with that. Most city and clerk offices maintain a website where you can get information about how to obtain your business license.

If you want to form an LLC in Florid with more than one employee, if you want to take advantage of group health insurance rates, or you choose to be taxes as a corporation, then you will want to obtain an employer’s identification number or EIN from the IRS. Form-A-Corp can also help you with this. The IRS will issue you a form with your EIN. Once you receive this form it is very important that you file this securely as this is the only record you will have of your EIN, and you will need this number for all your tax filings and insurance.

Since you are now a Florida business, you will need to register with the Florida Department of Revenue. They have an online registration form and a start-up kit for new business owners that will provide you with all the tax forms and explanations you need for any taxes that you may incur. But don’t worry Form-A-Corp.com can help you this confusing process.

If you will be hiring additional employees, you will need to file official forms with the IRS and the State of Florida. You will need to verify work eligibility and establish withholding allowances through the IRS, and you can get all the information you need from their website. The State of Florida also supplies similar information for new hires on the Florida New Hire Reporting Center. Additionally, Florida law states that you must supply workers’ compensation if you have four or more employees. Information on this can also be obtained online. Form-A-Corp.com will be there for you throughout your small business formation.

The IRS may also need for you to file annual or semi-annual returns on behalf of your LLC, and you can get more information on this from the IRS website.

Florida tries to make forming your own LLC as easy as possible compared to the costs and requirements of other states that charge many times more for the privilege of doing business. While owning and running your own LLC may look complicated at first glance, there are several tax and insurance savings, not to mention the rewards from being able to manage your own business. Form-A-Corp.com can make everything easier by helping you manage the entire process with their years of legal expertise.
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