When starting a business, there is always a long list of things to consider, and the things on that list can vary depending on which state you are starting your business in.
When it comes to starting up a brand new business in the beautiful Sunshine State of Florida, it isn’t as straightforward as you might think. However, this article will cover many of the things that you will need to address to make your start-up as trouble-free as possible.
Pick the best location for your business
Out of all of the states, Florida is ranked as one of the top areas to start a business, so you might think that’s one problem solved straight away. However, there are some areas in Florida that you may need to research more thoroughly before committing to starting a business there.
Here are some suggestions that might help you decide which would be the best location for your business:
- Miami is a perfect, if not a rather obvious place, for starting up a small business, with other locations close by feeding off the business center, such as Doral, only 15 miles away, and Coral Gables close by as well.
- Orlando is also a very good place. With tourism high on the agenda. There is plenty of through custom, and with Maitland only 10 miles away, it shows plenty of potentials.
- Tampa is a good place, but more suited to manufacturing and other types of industry. It is still moderately youthful in its demographic and is still expanding.
Get the right insurance for your Florida business
If you have four or more members of staff, it requires by Florida law to get workers’ compensation insurance. Even if you don’t have that many employees, it is still beneficial to get coverage for your employees as part of your business insurance in Florida.
It helps cover the expensive issues like at-work injuries and any illnesses caused at work. If the worst happens and one of your employees is killed or severely injured. It provides benefits such as sick pay and compensation.
In situations like this, you should be able to concentrate on emotional support, and this insurance covers the financial side.
Register your business entity in Florida
Although it is not a necessity if you are operating the business under your legal name. It is wise to register your business if you’re starting up in Florida. The reason for this is that if you chose not to, you wouldn’t get tax or legal benefits, or personal liability protection.
Registering is generally quite simple and consists mainly of registering your business. Its name with the state of Florida and your local governments. The benefits of this process should outweigh any misgivings you may have.
If the whole idea still seems too stressful. You can make the whole registration process so much smoother and straightforward by knowing your location and potential business structure before you register.