Limited Liability Company
LLC
Florida
How to set up an LLC?
I am a budding entrepreneur looking to start my own business. I understand that forming a Limited Liability Company (LLC) is a great way to protect my personal assets and manage my business operations. I have done some research on the process, but I am looking to get the best legal advice on how to set up my LLC properly.
1 Attorney answer
Answer
Limited Liability Company
Florida
Daniel D.
ContractsCounsel verified
This is a great question to ask. The first step is to register your business with the Florida Department of State on Sunbiz; that will get you legally set up to get rolling. The second step to setting up your LLC properly is to adopt an operating agreement. This agreement tells how the business will run, how it will handle new members and the powers that existing members and/or managers will have amongst other important paragraphs to have. You can be creative as you want with an operating agreement. Before you adopt your operating agreement you should consider topics like: do i want it to be run by members or managers; do i plan on having partners in the future or now; am I going to look for investors at some point? These questions can help you draft an operating agreement that will suit your needs as a business owner and show others that you were strategic in thinking of the future. You can also use an operating agreement for business succession planning incase you are incapacitated or die.
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