How to Open an LLC in Miami: A Step-by-Step Guide
Starting a business in Florida is a smart decision—especially in Miami, one of the most dynamic economic hubs in the United States. Setting up a Limited Liability Company (LLC) is one of the most common and practical ways to establish a business here. An LLC combines the liability protection of a corporation with the flexibility and simplicity of a sole proprietorship.
This guide will walk you through the key steps to open your LLC in Miami.
1. Choose a Name for Your LLC
Your company name must be unique and comply with Florida’s naming rules.
- It must include “Limited Liability Company,” “LLC,” or “L.L.C.”
- It cannot contain words like bank or insurance unless authorized.
- You can check name availability on the Florida Division of Corporations website (Sunbiz.org).
Tip: Choose a name that reflects your brand identity and is easy to remember.
2. Designate a Registered Agent
Florida requires every LLC to have a Registered Agent—a person or company responsible for receiving legal and tax documents on behalf of your business.
- The agent must have a physical address in Florida (P.O. boxes are not accepted).
- You can act as your own registered agent, or hire a professional service for convenience and privacy.
3. File Articles of Organization
The Articles of Organization officially create your LLC.
You can file online at Sunbiz.org or by mail.
The filing fee is $125 (as of 2025).
You’ll need to provide:
- LLC name
- Principal business address
- Registered agent name and address
- Management structure (member-managed or manager-managed)
Once approved, you’ll receive a confirmation and your LLC will be legally recognized in Florida.
4. Obtain an EIN (Employer Identification Number)
The EIN, or Federal Tax ID, is like a Social Security Number for your business.
It’s required for:
- Opening a business bank account
- Hiring employees
- Filing taxes
You can get your EIN for free from the IRS website at irs.gov.
5. Create an Operating Agreement
Although not required by law, an Operating Agreement is highly recommended.
It defines:
- Ownership percentages
- Roles and responsibilities
- Profit distribution
- Rules for adding or removing members
This document helps prevent future conflicts between partners and gives your business more credibility with banks and investors.
6. Register for State and Local Taxes
Depending on your business type, you may need to register for additional taxes:
- Sales tax (if you sell products or taxable services)
- Unemployment tax (if you have employees)
You can register through the Florida Department of Revenue.
7. Open a Business Bank Account
Separating personal and business finances is essential for legal and tax reasons.
Bring your LLC documents, EIN, and identification to open a business checking account.
This step helps maintain your limited liability protection and simplifies bookkeeping.
8. Obtain Licenses and Permits
Depending on your business activity and location, you might need local or federal licenses.
Check with:
- The City of Miami for local business permits
- The U.S. Small Business Administration (SBA) for federal licenses if applicable
9. Keep Your LLC in Good Standing
Every year, Florida requires an Annual Report to update or confirm your company’s information.
- The report must be filed by May 1st each year.
- The fee is $138.75.
Failure to file may result in your LLC being dissolved.
Final Thoughts
Forming an LLC in Miami is an excellent way to start your business with flexibility, protection, and credibility. By following these steps, you’ll ensure compliance with Florida regulations and set a strong foundation for success.
If you need personalized guidance or help setting up your LLC, Carlos Quiceno Financial Services can assist you with every step—from registration to bookkeeping and tax setup.
