Forming an LLC or Corporation in Florida
Filing fees, annual reports, state taxes and the Florida rules to know before you form or register a company.
At a glance
Keeping the company active
State taxes on the company
- Corporate income/franchise tax (F-1120): 5.5% of Florida net income, with a $50,000 exemption. LLCs taxed as partnerships pay no entity-level Florida income tax.
- No state individual income tax.
Good to know
- An LLC formed between October 1 and December 31 can choose a January 1 effective date to postpone its first annual report by a year.
- The business name cannot be changed on the annual report; that takes an amendment.
Other filings
Common questions
How much does it cost to form an LLC in Florida?
The state filing fee is $125. Processed in the order received, recently about 4–5 business days. Florida does not offer expedited service.
Does a Florida LLC have to file an annual report?
Annual report, $138.75, filed January 1 – May 1 starting the year after formation. After May 1 there is a $400 late fee; a company still not filed by the third Friday of September is administratively dissolved.
What state taxes does a Florida company pay?
Corporate income/franchise tax (F-1120): 5.5% of Florida net income, with a $50,000 exemption. LLCs taxed as partnerships pay no entity-level Florida income tax. No state individual income tax.
How do I reinstate a dissolved Florida company?
Reinstatement: LLC $100 plus $138.75 for each report year due; corporation $600 plus $150 per year.
Tell us your situation. We will tell you the fee.
A few short questions, a written quote within one business day, and a free 15-minute consultation if you would rather talk it through first.