The Complete Guide to Forming Your Own Limited Liability Company in Florida
Every business owner must be aware of the areas of potential risk—from violations of security laws to consumer lawsuits. Setting up an LLC is the best precaution to ensure liability protection for both individual members and the company as an entity. How to Form a Limited Liability Company in Florida teaches anyone how to protect his or her assets in an era of lawsuits and business culpability. How to Form a Limited Liability Company in Florida is a comprehensive guide to setting up and running an LLC in order to best benefit from its liability protection. Learn how you can get the most that an LLC offers, while complying with state regulations.
-Comparing Advantages and Disadvantages of an LLC
-Determining the Best Type of LLC
-Distributing Assets
-Converting an Existing Business
-Establishing Asset Protection
-Listing of federal exemptions
-Guide to selling interest
-Business structure comparison chart
-Step-by-step instructions
-Plain-English glossary of terms
-Ready-to-use, blank forms
Ready-to-Use Forms with Instructions:
-Articles of Organization
-Plan Merger
-Certificate of Conversion to LCC
-and many more…
Contents
Using Self-Help Law Books
Introduction
Chapter 1: Limited Liability Company
Common Terms
Chapter 2: Advantages and Disadvantages
Compared to Corporations
Compared to Limited Partnerships
Compared to Partnerships and Proprietorships
Converting an Existing Business
Business Comparison Chart
Chapter 3: Asset Protection
Double Asset Protection
Requirements for Double Asset Protection
When to Use a Single-Member Company
Chapter 4: Types of LLCs
Florida LLC or Foreign LLC
Member-Managed or Manager-Managed
Single-Member or Multiple-Member
Regular or Professional LLC
Chapter 5: Start-Up Procedures
Choosing the Company Name
Articles of Organization
Certificate of Conversion
Articles of Merger and Plan of Merger
Operating Agreement or Management Agreement
Tax Forms
Employees
Bank Accounts
Licenses
Chapter 6: Capital Structure and Selling Interests
Capital Structure
Payment for Membership Interests
Securities Laws
Federal Exemptions
Florida Securities Laws
Internet Business Sales
Chapter 7: Running a Limited Liability Company
Day-to-Day Activities
Records
Reports to Members
Member Meetings
Distributions
Taxes
Annual Report
Chapter 8: Amending a Limited Liability Company
Articles of Organization
Operating Agreement or Management Agreement
Registered Agent or Registered Office
Merging with Another Business
Resignations
Chapter 9: Dissolving a Limited Liability Company
Administrative Dissolution
Events Requiring Dissolution
Articles of Dissolution
Revocation of Dissolution
Judicial Dissolution
Distribution of Assets
Bankruptcy
Glossary
For Further Reference
Appendix A: Florida LLC Statutes and Name Rules
Appendix B: Checklist for Forming a Florida LLC
Appendix C: Sample, Filled-In Forms
Appendix D: Blank Forms
Index
About the Author
Mark Warda received his law degree from the University of Illinois at Champaign. He practiced law in Clearwater, Florida, and then gave up a busy law practice to publish self-help law books. He has written or coauthored many self-help law guides, including How to Start a Business in Florida and How to Form a Non-Profit Corporation. Mr. Warda continues to live and write in Clearwater, Florida.
