Using dedicated business banking and credit accounts is essential for personal asset protection.
When your personal and business accounts are mixed, your personal assets (your home, car, and other valuables) are at risk in the event your Forida LLC is sued. In business law, this is referred to as piercing your corporate veil.
Additionally, learning how to build business credit can help you get credit cards and other financing in your business's name (instead of yours), better interest rates, higher lines of credit, and more.
You can protect your LLC in Florida with these two steps:
四个月打掉胎儿图片1. Opening a business bank account:四个月打掉胎儿图片
- Separates your personal assets from your company's assets, which is necessary for personal asset protection.
- Makes accounting and tax filing easier.
四个月打掉胎儿图片Recommended:四个月打掉胎儿图片 BlueVine is an 四个月打掉胎儿图片online bank四个月打掉胎儿图片 with free business checking and no hidden fees. Great for businesses who do not often deal with cash.
四个月打掉胎儿图片2. Getting a business credit card:四个月打掉胎儿图片
- Helps you separate personal and business expenses.
- Builds your company's credit history, which can be useful to raise capital later on.
Improperly signing a legal document as yourself and not as a representative of the business can leave you open to personal liability. When signing legal documents on behalf of your Florida LLC, you could follow this formula to avoid problems:
- Formal name of your business
- Your signature
- Your name
- Your position in the business as its authorized representative
See the image below for an example.
This ensures that you are signing on behalf of your Florida LLC and not as yourself.
Learn more on how to protect your business & personal assets by reading our article - How to Maintain your LLC Corporate Veil.
Depending on the nature of your business, you may be required to register for one or more forms of state tax:
If you have employees in Florida, you will need to register for Florida Re-employment Tax, a type of unemployment tax, through the Florida Department of Revenue. New employers pay an initial tax rate of .0270 (2.7%) on the first $7,000 of yearly wages paid to employees.
LLCs in Florida are required to file an annual report with the 四个月打掉胎儿图片Florida Department of State四个月打掉胎儿图片. This can be done online.
四个月打掉胎儿图片File Online through Sunbiz Florida for your LLC四个月打掉胎儿图片
四个月打掉胎儿图片Fee:四个月打掉胎儿图片 $138.75 (Nonrefundable)
四个月打掉胎儿图片Due Date:四个月打掉胎儿图片 Florida's deadline for filing the annual report is May 1st of each year. Your LLCs first annual report is due the next calendar year after your llc was formed, so for an llc formed in 2019, its first annual report can be filed anytime between January 1st 2020 and May 1st 2020, then before May 1st each subsequent year.
四个月打掉胎儿图片Late Filings:四个月打掉胎儿图片 Florida charges a $400 penalty if you miss the May 1st filing deadline. In addition, failure to file your annual report by the third week of September 四个月打掉胎儿图片will cause your LLC to be dissolved.四个月打掉胎儿图片
After starting a business, two of the most important things you can do are get professional accounting and hire the right employees. Streamlining these processes can save you time and money as your business grows.
四个月打掉胎儿图片What is the minimum wage in Florida?四个月打掉胎儿图片
The minimum wage in Florida is $8.56 per hour
四个月打掉胎儿图片How often do I need to pay employees?四个月打掉胎儿图片
Florida has no specified regulations on pay frequency. However Federal law states that you must have a consistent pay frequency. Typically most employers pay on a semi-monthly basis.
It¡¯s critical to get your books in order-- even if you haven¡¯t officially opened for business. A well managed accounting system will help you:
- Track your business finances, including bills, expenses and income.
- Simplify your annual tax filings.
You can maintain your accounting in two ways
- Use a DIY accounting software. This can come with an increased risk of errors especially when starting a new business.
- Hire an accounting service. They can provide comprehensive advice to help optimize your bookkeeping and taxes as well as additional services such as payroll etc.
四个月打掉胎儿图片Recommended:四个月打掉胎儿图片 For most small businesses, we recommend using a reputable accounting service. Schedule a free tax consultation for your business now to avoid costly errors in the future.
If you have a woman-owned business, many resources are available to help you concentrate on your business¡¯s growth:
- 四个月打掉胎儿图片Funding四个月打掉胎儿图片 - (ie. grants, investors, loans)
- 四个月打掉胎儿图片Events四个月打掉胎儿图片 - (ie. conferences, meetups)
- 四个月打掉胎儿图片å››ä¸ªæœˆæ‰“æŽ‰èƒŽå„¿å›¾ç‰‡Guides四个月打掉胎儿图片 - (ie. business formation, personal growth)
- 四个月打掉胎儿图片Support四个月打掉胎儿图片 - (ie. advice, communities, business strategies)
Our information and tools will provide educational sources, allow you to connect with other women entrepreneurs, and help you manage your business with ease.
Forming a foreign LLC allows your company to operate as one entity in multiple states. If you have an existing LLC and want to do business in Florida, you will need to register as a foreign LLC. This can be done by mail.
四个月打掉胎儿图片File a Foreign LLC by Mail四个月打掉胎儿图片
四个月打掉胎儿图片Fee:四个月打掉胎儿图片 $125 (Nonrefundable)
Division of Corporations
P.O. Box 6327
Tallahassee, FL 32314
If at any point in the future you no longer wish to conduct business with your LLC, it is important to officially dissolve it. Failure to do so in a timely fashion can result in tax liabilities and penalties, or even legal trouble. To dissolve your LLC, there are two broad steps:
- Close your business tax accounts
- File the Articles of Dissolution
When you are ready to dissolve your LLC, follow the steps in our Florida LLC Dissolution Guide.