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Your business is considered domestic to the state where it's formed, and foreign in all other states.
If your business will have a physical presence by operating, hiring employees, banking or even holding an asset in a state other than its state of incorporation, you can qualify your business to operate in that state. This is called Foreign Qualification.
The Foreign Qualification process enables a company to transact business in a jurisdiction other than where it was formed. Failing to comply with local compliance requirements may put your company at risk.
Florida will require you to have a Registered Agent. A Registered Agent provides a physical address within the state for the purpose of receiving any legal documents or service of processes from the state.
Some clients elect to be their own Registered Agent while others enlist the support of their Delaware Registered Agent. Often the Delaware Registered Agent also provides the service in Florida. Whether you use a Delaware Registered Agent or serve as your own Registered Agent, a Florida Registered Agent will need to sign the filing.
Florida also requires a member, or an authorized representative for the member, to sign the application. Keep in mind Florida will ask for this person’s name and address. All information provided to Florida will be public; however, there is no publication requirement when you foreign qualify in Florida.
Once registered in Florida, you can apply for local licenses such as resale permits, business licenses, et al. You can also open a Florida bank account. You will have to file an annual report (at the current cost of $138.75) to remain in good standing in Florida. Florida’s annual report is due by May 1 of each year.
Learn more: Foreign Qualification for LLCs and Corporations
*Disclaimer*: Harvard Business Services, Inc. is neither a law firm nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject addressed. We strongly advise that you consult an attorney or tax professional to receive legal or tax guidance tailored to your specific circumstances. Any action taken or not taken based on this article is at your own risk. If an article cites or provides a link to third-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source’s content or accuracy. Opinions expressed in this article do not necessarily reflect those of Harvard Business Services, Inc.
There is 1 comment left for How To Register a Business in FloridaJuan C Dieguez said: Sunday, February 12, 2017
Hi I opened Net Depot Global LLC with your company. I have some questions for registering this company in FloridaHBS Staff replied: Monday, February 13, 2017
Please give us a call during the day, 9-5 EST, so we may answer any questions you may have about your company. 1-800-345-2677.