Create Electronically Signed LLC Operating Agreement For Free

If you have company partners (Multi-Member LLC), an operating agreement will assist you avoid misunderstandings by defining partner duties and obligations. If you are the lone owner of an LLC (Single Member LLC), you need create an operating agreement to give your company credibility.

Florida requires LLCs to file an annual report, which is due on May 1. The filing fee is $138.75. Taxes. For complete details on state taxes for Florida LLCs, visit Business Owner's Toolkit or the State of Florida .

Your Operating Agreement will list all the Florida Limited Liability Company Members and how much of the Limited Liability Company they each own. How much of the LLC someone owns is called their ?LLC Membership Interest?. LLC Membership Interests are most often expressed as a percentage (like 5%, 50%, 100%, etc.).

Make better operating agreements with e-documents. Electronic signatures are legally binding in all American states and territories, as well as most other countries across the globe.

You don't need an operating agreement for your Florida LLC. But even though Florida law doesn't require you to have one, the many benefits of having a strong operating agreement means creating one makes good business sense.

An operating agreement should include the following: Percentage of members' ownership. Meeting provisions and voting rights. Powers and duties of members and management. Distribution of profits and losses. Tax treatment preference. A liability statement. Management structure. Operating procedures.

This can cause conflict amongst members, particularly if a legal dispute arises. If you do choose to draft an LLC Operating Agreement for your Florida LLC, there is no requirement for it to be notarized.

No, Florida law does not require an LLC to have an operating agreement. Instead, the LLC must have an Articles of Organization, which is a simple document using a form provided by the Division of Corporations. Still, for most business owners an operating agreement provides clarity and asset protection.