If you’re interested in incorporating in Florida, you’ll likely wonder what Florida LLC annual costs may be. It is considered relatively inexpensive to form an LLC in Florida, but there are some costs to be aware of. Here’s what you need to know.

What Is the Price of Forming a Florida LLC?

Florida’s Secretary of State charges a $125 state filing fee to form an LLC. They also charge annual fees to keep that LLC in good standing. That cost is $138.75 payable to the Florida Secretary of State. Each Florida LLC must also appoint a registered agent. If you are not located in Florida, you will be required to have a third party serve as the company’s registered agent, such as a commercial registered agent service. Often it is convenient to have a registered agent, because they can handle the formation agent paperwork for a nominal additional fee and be available to receive service of process if your company is served service of process, such as a summons and complaint or a subpoena.

Initial Costs to Form a Florida LLC

There are a few basic fees associated with forming a Florida LLC:

• $125 Florida State Filing Fee, to file the Articles of Organization
• Fees due to your registered agent to form the LLC and draft the Operating Agreement

Florida LLC Annual Costs

After formation, there are two annual costs to maintain a Florida LLC: an annual report fee and a registered agent payment.

The annual report fee for a Florida LLC is $138.75 (Florida corporations are $150) due annually between January 1st and May 1st. A late fee of $400 is applied by the state if the fee is not paid by May 1st.

The registered agent fee is $99 which is due annually on receipt, but no later than January 1st beginning the year after formation.*

*If a company is formed after July 1st, your registered agent fee includes the remainder of the year and the following year.