Daniel Hudson and the other partners have decided to convert eHarbour from a general partnership to a limited liability company (LLC). Discuss the steps that the company must take to convert from a general partnership to a limited liability company in the State of Florida.

• What fees are involved?
• Who should be the registered agent?
• What are the renewal requirements to maintain the business after forming a limited liability company?
• Should the LLC be a member-managed LLC or a manager-managed LLC?
• What formal name is required for the LLC?

In addition, discuss whether the new limited liability company should elect to be treated as a subchapter S Corporation for tax purposes and what steps are needed to take the S Corporation election.