Florida Limited Liability Company (LLC)
A limited liability company in Florida is a flexible entity that offers several benefits over filing as a corporation. Forming an LLC limits the liability of managers and managing members. Organizational changes, obligations, voting powers, structure, distribution rights and more can all be made in the operating agreement. A limited liability company does not require the same specific formalities on a regular basis as corporations, and similar to S corporation tax status, does not pay taxes themselves.