Free Florida LLC Operating Agreement Templates

A Florida LLC Operating Agreement refers to a legally enforceable document composed by the owners of a newly formed LLC to list the main functions of the organization, its goals, structure, and financial regulations to adhere to on a daily basis. Although there is no legal requirement to file this agreement with any authorities and you are not obliged to draft one upon the company formation under the state and local laws , it is recommended to create an internal set of rules all the members and managers can turn to when there is a disagreement or miscommunication - instead of composing urgent resolutions, wasting time, and losing revenue, you can have a manual that will tell you what to do in a variety of situations common for most businesses regardless of the industry.

Florida LLC Operating Agreement Template Types

• Florida Single-Member LLC Operating Agreement Template. Complete this instrument if you are the only member of the company. This will give you a certain benefit over other LLCs since you will have no obligation to file a federal tax return - the Internal Revenue Service is going to tax you in accordance with the statements from your personal tax return;
• Florida Multi-Member LLC Operating Agreement Template. If there are two and more owners, fill out this document - whether you and your partner are determined to start a business, you want to take your family enterprise to the next level, or you have a great professional relationship with business partners you have trusted for a long time, this agreement will safeguard your mutual interests.

How to Form an LLC in Florida?

Follow these instructions to create a limited liability company in Florida:

1. Identify a person or organization that will assume the role of your representative - the agent you select will have the unique right to receive correspondence in the name of your company. It can be an individual who is currently living in the state or an entity permitted to conduct business in Florida.
2. Fill out the appropriate documentation before any financial transactions are made - you may form a domestic or foreign limited liability company. You will also need to send a check to the Division of Corporation of your state - the filing fee is $125.
3. Work on the terms and conditions of the Florida LLC Operating Agreement Template with other members of your business . It is up to you to choose what to include in the text of the instrument but usually, it outlines the following details: the name and location of the organization, the identification of members and their contributions to the capital stock of the company, the guidelines that explain how the entity is going to be managed, how the members will distribute shares, profits, and liabilities, and the policies defining organizational issues such as meetings of members, termination of the entity, or retirement of one of the owners. Sign the papers and put them in the records of the company.
4. Prepare an application to receive an employer identification number . You must reach out to the Internal Revenue Service via traditional mail or online - this number will identify your entity for tax purposes, without it you will not be allowed to carry out any operations, so make sure this is one of the first things you do once you decide to form a company of any organizational structure.

Haven't found the template you're looking for? Take a look at the related forms below:

• LLC Forms;
• Partnership Forms;
• Corporation Forms.