How To Form A Florida Corporation Or Llc Fast
Do you need to quickly form an LLC or corporation in Florida
? No worries. There are several opportunities in the state of Florida to accelerate the formation of either entity.
Quick Tip #1: Do-it-yourself LLC Formation and Incorporation
Some states don't let business owners form their own limited liability companies and corporations. South Carolina, for example, doesn't provide the "do-it-yourself" incorporation option; instead, articles must be filed by an attorney (note: you can form your own LLC). And in Illinois, even though you can form an LLC or corporation without the help of an accountant or attorney, the check used to pay for the formation needs to come from one of these professionals.
However, Florida does provide entrepreneurs with the option of filing their own articles of formation or incorporation. The Secretary of State even goes so far as to provide simple, free forms and instructions on her website.
By the way, taking the do-it-yourself route saves you lots of time. You can file your organizational documents today (or in a few hours) rather than needing to work through a local professional who may not even call you back for a day or two... and then will probably take several days or get to your project.
Quick Tip #2: File Your Articles Online
This sounds almost too simple to be true or too obvious to be useful. But I'll make the point anyway: File your articles of organization or articles of incorporation online. By using the Florida secretary of state's website to file, you'll not only eliminate the time required to move documents through the mail, you'll find that the actual articles get processed more quickly by state employees.
Note: Not all states allow for online filing of business formation documents, as unbelievable as that may seem. California, for example, requires either by-mail or in-person filings.
Because the exact URL for the page to file online changes every so often, I won't give it to you in this article. However, if you visit the sunbiz dot org website, you should be find the web page that allows to you file online in few minutes.
Note: In the state of Florida online filings take only a day or two to process, as opposed to paper filings, which take as long as a week.
Quick Tip #3 - Use Standard Governing Documents
Another way to speed up the formation of your Florida corporation or limited liability company: use boilerplate corporate by-laws or a boilerplate limited liability company operating agreement instead of hiring a local attorney to prepare the custom-tailored documents.
Though it's important that your agreement or by-laws are written well, the net benefit of a custom-tailored document is quite small when talking about single member limited liability companies and family LLCs and corporations.
No one who's honest and thoughtful, by the way, will tell you that a boilerplate operating agreement or boilerplate by-laws are just as good as customized, professionally-written governing documents. No way! But a professionally drafted document is not only expensive--such paperwork requires extra time.
Because of this, some LLCs and corporations (particularly those with one owner or husband-and-wife owners) might be inclined to use a simple, cheap, bare-bones operating agreement or by-laws document. Using such a document should save you several days of time when forming your new corporation or LLC.
by: Stephen Nelson
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