How to Start a Company in Florida

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Starting a business in Florida can be challenging but also rewarding. When you start a business in the state of Florida, you should register it with the proper governing body in order to reap the benefits inherent with forming a corporation. By registering your business, you can also get the proper tax designation from the federal Internal Revenue Service that suits your needs and make sure that other local businesses are aware that you are using that particular business name.

  • Create a name for your company. Search the trademarks and company names already in existence to make sure that you are not using one that is trademarked. If you start to gain a name for yourself and have to change your company name due to an infringement, you will lose valuable momentum. You can search for names on the Florida Department of State Division of Corporations website (sunbiz.org) to see if any local businesses in your area are using the name you wish to use.

  • Register your company name and officers at the Florida Department of State Division of Corporations website, sunbiz.org. Registering your company name here will ensure that you can get an employer identification number (or EIN) from the IRS for the proper filing of your taxes and secure your company name and prevent others from using it for themselves. Registering your business costs $78.75 and registering your fictitious name costs an additional $50 as of April 2010. Fictitious names are only necessary if you are not using your own name as your business name.

  • Speak with the IRS or register your business with the IRS for your tax designation. There are a few routes you can choose, including a standard corporation designation where you pay taxes as a person as well as corporate taxes, or an S-corporation, which is a pass-through entity where you pay all of your corporate taxes on your personal tax forms. There is no charge, but you will need to be issued a special employer identification number for your corporation.

  • Obtain a business license if needed. Contact the city or county you work in to see if your profession requires one. Many types of commercial endeavor require a business license from the city or county, including restaurants, tattoo parlors, and grocery stores. If you have a physical location, you may need a business license, so check with the city to see how to file and purchase these types of licenses.

  • Create a website for your business if you are doing business solely online or if you wish to have a portal for those in your local area who may require your goods or services. Hire an Internet web design comapny to create a website that displays your personality and the look you wish to portray for your business.

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  • Photo Credit business image by peter Hires Images from Fotolia.com
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