People come to Florida for a variety of reasons, not the least of which is the abundant, year-round sunshine. While retirees and students have always been drawn to Florida in vast numbers, a new crop of people are flocking to the Sunshine State: entrepreneurs. Thanks to Florida’s shifting attitudes towards business and entrepreneurship, more and more people are heading south to put down business roots.
While healthcare and its partner industries have always been staples of Florida’s corporate community, the state is experiencing a technology boom, and there has also been a recent surge in logistics, import export, biotech, and defense.
No matter what sector you may be looking into, here are the things you need to know about starting a business in Florida:
The Tax Codes are Unique
Every state has very unique (and often complex) tax codes. If you have operated a business in another state, you’ll need to start from scratch when it comes to learning the ins and outs of Florida tax codes. However, it is important to remember that Florida does not impose a state income tax and they have a very low state and local tax burden. Those low taxes are an advantage not only to you, but to your potential customers and employees, as well.
Work with a reputable CPA in the city you wish to operate in for more information on state and local tax codes. The State of Florida’s website and Sun Biz also have great resources for entrepreneurs.
License and Registration, Please
Over the last several years, Florida has gone to great lengths to expedite its licensing, registration and permitting processes for businesses. Legislators merged a complicated and often redundant process and now the Department of Business and Professional Regulation is practically a one-stop-shop for entrepreneurs. In addition, the state has reduced costs for business permits and registrations.
Even though the state has made things simpler for new businesses, entrepreneurs should work with an attorney to ensure compliance with all city, county and state license and permit regulations.
Seek Strategic Partnerships
The influx of new businesses into Florida has created a unique opportunity for entrepreneurs to find mentors and develop strategic partnerships. In the early stages of a new business venture, those partnerships can mean the difference between success and failure.
When you’re just starting out, look for companies to help you with your marketing, accounting, finance, and recruiting to put yourself in the best position for success.
If you are starting a new business in South Florida and you’re looking for a strategic recruiting partner, CERS is here for you. As a nationally recognized recruiting firm, we can connect you with the right technical employees to help set your new company up for success. As a leader in technology staffing in Florida, we have cultivated a strong network of talent, and we can connect you with professionals who have the skills, qualifications, and traits you are looking for. For more information on filling IT positions in South Florida, contact CERS today!
