Forming An Llc In Florida

Summary

Forming an LLC for multiple business activities is permissible, even if only one is profitable. Ensure all activities are included in your operating agreement. Your operating agreement is a document you create and keep with your business records. Seek help from a business attorney or legal service to draft it. For an ein application, use a broad category like multi-service business and list embroidery services as the primary service. In florida, form your llc on sunbiz before applying for an ein. To form an llc on sunbiz, visit the site, select start a business, fill out the information, pay the fee, and submit. In the any other provisions section, include specific clauses or rules. List yourself as managing member or owner under the authorized person section.

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where is my LLCs operating agreement?
Hey there! Your LLC's operating agreement is typically a document you create and keep with your business records. It outlines the management structure and rules for your LLC. It’s not filed with the state, so check with whoever helped you draft or prepare it, like a lawyer or a business service provider.
who can help me draft an operating agremeent?
You can seek assistance from a business attorney or a professional legal service to draft your LLC's operating agreement. They specialize in ensuring all legal requirements are met and can tailor the document to your specific business needs. Want help finding a local lawyer in Florida?
when im applying for an ein from the irs, what do i put under what does the business do? i want to have an embroidery business but also tutoring or housekeeping if need be
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For your EIN application, you can use a broad category that encompasses all your business activities. You may consider listing it as "multi-service business" or specify "embroidery, tutoring, and housekeeping services." This provides flexibility for your varied business interests.
What would I put under What is the primary service you provide?
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For the EIN application, you can list "Embroidery Services" as your primary service since that's your main profit source. You can mention other services like tutoring and housekeeping in additional descriptions if needed. This helps focus on your main business activity while acknowledging other services.
I don't know what will be the primary service I will provide since I am just starting the business
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When starting a business and still determining your primary service, it's best to choose the service you anticipate will be your main focus or revenue generator. You can update your EIN information with the IRS later if your business focus changes. Is there anything else you need help with regarding setting up your LLC or business?
does this mean I have to form the business on sunbiz before applying for an ein?
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In Florida, you don't necessarily have to form your LLC on Sunbiz before applying for an EIN. However, it is generally recommended to register your business first to ensure consistency in your business records. This way, you have all the necessary legal documentation ready for your EIN application. Do you need more information on how to proceed with forming your LLC?
Form your entity first: If you’re forming a legal entity (LLC, partnership, corporation), you must form your entity through your state before you apply for an EIN. This includes tax exempt organizations.
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Yes, in Florida, you should form your LLC through Sunbiz.org, which is the Florida Department of State's Division of Corporations website, before applying for an EIN with the IRS. Forming your LLC first establishes your legal entity, allowing you to proceed with obtaining an EIN. Do you have any other questions about setting up your LLC?
how to form llc through sunbiz.or
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To form an LLC through Sunbiz.org in Florida, follow these steps:
- Visit Sunbiz.org, the official site for Florida's Division of Corporations.
- Select 'Start a Business' and choose the LLC option.
- Fill out the required information, including name, address, and registered agent details.
- Pay the filing fee.
- Submit your application online.
Do you need more information on the LLC formation process or anything related to your business setup?
what do i put under any other provissions in sunbiz?
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When filling out the "Any Other Provisions" section on Sunbiz for your LLC, you can include any specific clauses or rules you want to add. For example, you might specify management structures, member responsibilities, or restrictions on business activities. If unsure, consult a business attorney for tailored advice. Do you need more information on this?
do i put myself as the owner under Name And Address of Person(s) Authorized to Manage LLC for sunbiz?
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Yes, you can put yourself as the owner under "Name And Address of Person(s) Authorized to Manage LLC" on Sunbiz. This section is for listing individuals responsible for managing the LLC, which often includes owners or members who handle day-to-day operations.
what would i put as my title
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You can list yourself as the "Managing Member" or "Owner" in the title section for your LLC on Sunbiz. This indicates your role in managing and overseeing the operations of the business. If you have other roles, you can specify them as well.
does florida have an income tax for individuals?
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Florida does not have a state income tax for individuals. This means you won't pay state income tax on personal income, but federal taxes still apply.
if i have a w2 where i make *,* and then i have an LLC where I made *,*, how much would i be taxed?
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For federal taxes, your W-* income will be combined with your LLC income. The LLC income is typically subject to self-employment tax, which is about *.*%. You'll also pay federal income tax based on your total income. Consider consulting a tax advisor for precise calculations tailored to your situation.