How to Convert Your Fintech LLC to C-Corp in Florida (2026)

As your Florida-based fintech LLC grows, converting to a C-Corp might become necessary to attract investors, offer equity compensation, and potentially reduce your overall tax burden. This guide outlines the key steps and considerations for converting your Florida fintech LLC to a C-Corp in 2026. Remember, with Lovie, your AI can manage the entire conversion process, from filing paperwork to ensuring compliance.

When to Convert

Conversion Steps

  1. LLC Member Approval: Obtain unanimous consent from all LLC members to convert to a C-Corp. Document this decision in meeting minutes.
  2. Choose a Corporate Name: Select a unique name for your C-Corp that complies with Florida corporate naming requirements. Check name availability on the Florida Division of Corporations website.
  3. File Articles of Incorporation: File Articles of Incorporation with the Florida Division of Corporations, officially forming your C-Corp. The filing fee is $70 as of 2024, but confirm the latest fee schedule.
  4. Obtain an EIN: Apply for a new Employer Identification Number (EIN) from the IRS for your C-Corp. This is required for tax purposes and is free.
  5. Transfer Assets and Liabilities: Transfer all assets and liabilities from the LLC to the newly formed C-Corp. This includes bank accounts, contracts, and intellectual property.
  6. Adopt Bylaws and Appoint Directors: Create corporate bylaws to govern the C-Corp's operations and appoint a board of directors. These directors will oversee the company's management.
  7. Notify Relevant Parties: Inform all relevant parties, including customers, vendors, and financial institutions, of the conversion from an LLC to a C-Corp.

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