Basic steps to running a successful business in Florida include as follows: decide on an appropriate business structure such as an LLC (doing business as), Corporation or DBA (doing business as employer). Select a business name and register your business. Register your business with your state’s Department of Revenue. Open a bank account and use a credit card for payment of all operating expenses.
Before you open a new business in Florida, you must first apply for a license or certificate of occupancy (CO). Depending on how many employees you plan to employ, this process may take between one and three weeks depending on the licensing requirements of your state. The application must be filed with your local county clerk’s office or the Division of Corporations. If it is the first time applying for a license, the process can take up to three months.
Upon receipt of your license application, the state will verify your location by inspecting your property and determining that it meets all zoning requirements. The state then conducts background checks on each applicant. The application fee includes fingerprinting. This ensures that only the most qualified applicants are selected.
In addition to the license and certificate of occupancy, you will need to provide information about the type of business you wish to establish. If you plan to offer services such as accounting, bookkeeping or payroll, you will need to obtain a separate license for each business. Some states require all businesses to have a registered agent while others only require that the business has a physical address. The business registration number you provide to the state will help determine the amount of time and money it will cost to set up and maintain your new business.
Next, you will need to prepare all business-related documents and forms. These documents should include a complete description of your business, the name, address, and phone numbers of owners, agents and employees. A business nameplate may also be required if the business you are opening will have a street address. You will also need to obtain a list of all the licenses and certifications required for your state and submit the completed forms to the Department of Revenue.
Once you have obtained your licenses, you must also get approval from the Department of Revenue to begin your business. The department will review the paperwork you submitted by the previous owner or proprietor and verify that all the necessary documents are in order.
Finally, you can start building your business by hiring employees and getting your equipment ready. Make sure you get your employees a written contract of employment and a worker’s compensation insurance policy. Employers will be covered under your insurance policy if they are injured on the job. Also ensure that your equipment, furniture and supplies are in good working condition. When the business is operating smoothly, you can then purchase additional equipment if necessary.
Start a business is not something to be taken lightly. You must follow the guidelines in your state and federal laws. By carefully following the requirements, you will soon have your first successful business.
When starting a new business, you will need to obtain a Business Identification Number (BIN). The BIN is issued by the Internal Revenue Service (IRS). The number is a three-digit identification number assigned to your business by the IRS.
In addition to having a BIN, you will also need to obtain your business license. This form states what type of business you are running and what business license type you are applying for.
After you have your business license, you will also need to obtain a business permit. This is a legal requirement in most states. The business permit will state what type of business you are operating, who you are opening the business to, and when the business must be closed.
Lastly, you must comply with many other laws regarding business. such as zoning regulations and employment laws. You may also have to have a health code for your new business. To learn more about these laws, you should contact your local attorney or your state’s attorney general.