How Much Does an LLC Cost In Florida? Fees & Taxes in FL
Florida is often included in the lists of cheapest places to do certain types of business. While a lot of LLC fees in Florida are lower than in a good number of states, they still have to be paid correctly and on time.
Table of Content
Overall LLC Florida Cost
The baseline cost is $125. This total comprises two main types of payments—the state filing fee and the one you pay for your registered agent appointment. So technically you pay $100 + $25 to get a neat total in a single payment.
Florida LLC Online Filing Fee: $125
This fee is mandatory upon the submission of the Articles of Organization. Both the form and the payment go to the Department of Corporations.
It doesn’t take long for an LLC to be approved in Florida. Online filings are typically processed within 1-2 business days, while mail submissions may take up to 4 weeks. More information about setting up a Florida LLC is available in our detailed guide.
Florida Annual Report Fee
An important part of Florida LLC filing fees is the mandatory annual reporting:
- Every entity must report to the Division of Corporations no later than May 1 of each year to ensure the state’s information is up-to-date;
- You can do this online through the state’s official SunBiz portal. The price for making this filing is $138.75 per report, which includes supplemental costs;
- Please note that late filings are subject to penalty. If you miss the deadline, the Florida LLC annual fee will be $538.75 (standard $138.75 + $400 fine).
Registered Agent Fee
Professional providers may charge between $35 and $299 per year. An average agency typically costs about $99/yr. The fluctuation in agent prices often makes it harder to estimate total expenses beyond the baseline.
The average agency cost to register LLC in Florida is about $49-$89 upfront and $99/yr for the agent. You can learn more about your Florida registered agent options in our overview.
Cost to Form a Foreign LLC in Florida
Unlike some states, Florida doesn’t increase the cost for foreign formations. Bringing in another company out of state also costs $125. This is the price to file your authorization to operate in the state.
Cost to Form a PLLC (Professional LLC) in Florida
Professional service providers can legally form PLLCs. It costs $125 to submit the application since you’ll be using the same registration form. The difference is only in the details that you’ll need to put in the description of your company (purpose, types of services, etc.)
Business Entity Income Tax
The LLC structure is typically exempt from income tax on the entity level, so only the members individually will be subject to income taxes by reporting them on personal returns.
However, Florida has no individual income tax which applies to company members, meaning they don’t need to pay income tax. Note that Florida still imposes the following taxes:
- Sales;
- Property;
- Inheritance;
- Corporate income.
Business License Renewal Fee
This may be a common expense, but an LLC does not need a business license in Florida in the general sense. That said, your business may still require other forms of licensing in order to operate in certain industries and provide professional services.
Florida LLC renewal fee for licenses varies based on the industry, ranging from zero to several hundred dollars per license. These licenses are either issued only once, or they will need to be renewed each year.
Franchise Tax
If an LLC elects a corporate tax system, it will be required to pay the Florida franchise tax at the rate of 5.5% using Florida Form F-1120. While technically not part of the initial Florida corporation filing fees, this is a significant addition to the overall cost.
A few rules to keep in mind:
- Reports must be filed even if the LLC has no tax due;
- Deadlines work around the company’s tax year;
- Late filings will result in a fine calculated at 10% of whatever is due for every 30 days, with a limit of 50%;
- Fines for LLCs that had no tax due are set at $50/month, with a limit of $300;
- If the penalty exceeds a limit, a company may lose its standing or face dissolution.
How much is an LLC in Florida?
The main fees include:
| Service | Cost |
|---|---|
| Filing fee (Domestic and Foreign) | $125 |
| Annual reports | $138.75 |
| Annual reports with late penalty | $538.75 |
| Certified copy | $30 |
| Certificate of Status | $5 |
| Annual report amendments | $50 |
Other LLC Filing Costs
Filing costs may also include additional non-mandatory expenses described below.
LLC Name Reservation
The filing of the reservation form costs $25 per name. If you want to hold onto your name before the formation, simply submit the form to the Division of Corporations. The state will hold it for up to 120 days.
“Doing Business As” (DBA) Name
Registering a fictitious name costs $50 per filing. You can submit the form online or send it to the:
Fictitious Name Registration
PO Box 6327
Tallahassee, FL 32314-1300
Note that having a fictitious name doesn’t protect other companies from using a similar one.
Certified Document Copies
Getting a certified copy will cost you $30 per document. These types of Florida Secretary of State filing fees can be paid online when you submit your order through their portal.
Certificate of Status
To obtain the official document that proves your entity’s active/compliant status, you can request the certificate of status (or of “good standing”) from the state.
It can be done online and cost $5. There is also an option to add this service on top of your certified copy request, though in this case, the price will double to $10.