Visiting the website of the Florida Department of State is the first step in locating Articles of Organization. You can find all the documents and details required to form an LLC in Florida right here. Information about other commercial entity types, like corporations and partnerships, is also available.
Navigate to the Division of Corporations page after arriving at the Florida Department of State website. You may learn more about starting and operating a business in Florida, as well as how to submit your articles of organization, here.
Step 3: Save the Articles of Organization form on your computer. You can find a link to the Articles of Organization form on the Division of Corporations page. For the form to be downloaded, click this link. This form includes all the information you need to register your LLC, including the name of your company, its type, and the members’ names and addresses.
The Florida Department of State will accept your completed Articles of Organization for filing. Depending on the kind of company entity you are registering for, there will be a filing fee that you must pay. Your LLC will be formally recognized as a legal entity in the state of Florida once your articles have been submitted.
Articles of Dissolution must be filed with the Florida Department of State if you need to dissolve your LLC there. This document effectively ends the existence of your LLC and discharges your company from any remaining legal liabilities. In Florida, submitting Articles of Dissolution costs $25.
There are a few significant differences between LLCs and corporations, despite the fact that both are accepted as legal entities that provide liability protection to its owners. For starters, companies are subject to double taxation, which means that any profits the company makes are taxed to both the corporation and its shareholders. On the other hand, LLCs are pass-through entities, which means that income and losses are distributed to the owners for personal taxation. Additionally, whereas LLCs have a more adaptable management structure and decision-making procedures, corporations have a more formal structure with a board of directors and officers.
In conclusion, you must submit Articles of Organization to the Florida Department of State if you want to form an LLC in Florida. These articles are available for download and filing for a fee on the Division of Corporations page. For a $25 filing fee, you can file Articles of Dissolution if you need to dissolve your LLC. Finally, while corporations and LLCs both provide liability protection for their owners, they differ in terms of taxation and management.
In the state of Florida, the letters “PL” stand for “Professional Limited Liability Company,” a type of corporate company established by licensed professionals like doctors, lawyers, accountants, architects, and engineers.
Limited liability corporation (LLC) termination and dissolution are two distinct processes in the LLC life cycle. An LLC’s affairs are wound up and its state registration is canceled as part of the termination procedure. When the LLC achieves its intended goal, expires, or is voluntarily dissolved by the members, this can happen.
Dissolution, on the other hand, refers to the procedure of ending an LLC’s legal existence. This might take place if the LLC declares bankruptcy or becomes insolvent, or if the state forcibly dissolves it for breaking state laws.
In conclusion, dissolution can be either voluntary or involuntary and results in the formal termination of the LLC, whereas termination is a voluntary procedure started by the LLC members.