Q:

How do you start a business in Florida?

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Quick Answer

To start a business in Florida, choose a name for your business, determine if you want to form a sole proprietorship, partnership or limited liability company, and register your business with the state, instructs StateofFlorida.com. Home-based or online business owners must also register their businesses with the state.

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Full Answer

File a fictitious, or DBA, name when creating a sole proprietorship or partnership, directs StateofFlorida.com. This is an advisable option for people with small businesses and those who plan to incorporate their businesses eventually. Keep in mind that other business owners can use the same fictitious name you file with the state. Also, limited liability does not exist, meaning your personal assets are at stake in a lawsuit if somebody sues your company.

After filing the fictitious name, the next step is posting a legal notice in a local newspaper, states StateofFlorida.com. Then, acquire a business license if your county requires it. Check with the local tax collector's office to find out the particular requirements.

If you intend to incorporate your business as a corporation or LLC, choose a distinct name that other companies have not yet used, says StateofFlorida.com. File the articles of incorporation with the Florida Department of State, acquire an employer identification number from the IRS, obtain a business license with the county, and set up a bank account for the corporation or LLC.

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