Pllc In Florida With Child
Description
How to fill out Florida Sample Operating Agreement For Professional Limited Liability Company PLLC?
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FAQ
A minor can own an LLC individually or with an adult. There is nothing in the new Florida Revised Limited Liability Company Act that restricts a minor from being a member of an LLC.
Can a minor own a business? A person under the age of 18 cannot legally form a business entity. But as a parent, you can form an LLC for your child's business. This means you will be the organizer, and potentially sole member of the business, and your name will appear in the company's LLC operating agreement.
Until a child is 18 years old, they will not be allowed to setup a legal structure for their business. The business will have to operate as a sole proprietorship or other entity structure under one of the parent's name. This means a parent will have full responsibility for any business actions or liabilities.
PLLCs are composed of a member or members who own the business. However, only people providing Florida licensed (or otherwise legally authorized) professional services can form PLLCs. These licensed professions include certified public accountants, doctors, dentists, attorneys at law, and many others.
Naming Restrictions: Florida has no restrictions on naming professional entities, unlike most states. However, the state laws specify that the name should include a designator at the end. The options are PLLC, P.L.L.C., Chartered, or Professional Limited Liability Company.