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How to Start a Business in Clearwater, FL

Written on December 8, 2015

Many people dream of one day owning a business and being their own boss. These days, with the uncertain job market and the steady rise of online businesses, increasing numbers of entrepreneurs are making that dream a reality. Forming a business can be a confusing and sometimes complicated process, and not adhering to both state and federal laws in terms of the requirements for business formation could end up resulting in serious tax consequences and personal liability. If you are looking to start your own business, follow our guide in terms of the general steps needed to establish a business in Florida.

 

5 Steps to Starting a Business in Florida

 

  1. Decide on a business structure: The Internal Revenue Service offers guidelines in terms of deciding on the type of business entity for tax purposes. There are four main types of business structures:
    1. Sole proprietorships, in which you are the sole owner and claimant of profits and losses through your yearly taxes;
    2. Partnerships, in which profits and losses are passed through to each partners on their tax return;
    3. Corporations, which stand alone for taxes purposes and distributes profits to shareholders; and
    4. S Corporations, in which profits as well as losses and potential deductions are passed through to shareholders.

 

Limited liability companies (LLC) are governed under Florida state statutes, in which taxes are passed through to the company owners, who are referred to as members of the LLC.

 

  1. Check to see if the type of business you are starting is regulated by the state or requires a specific type of Florida business license.
  2. Select a name and location for your business. If you are starting an online business, register your domain name and check into website design services to increase traffic to your website. If you will be operating a brick and mortar business, consult the Florida Division of Corporations for tips on choosing the right location for your business.
  3. Register your business with the IRS and with the Florida Department of State for tax purposes.
  4. Consider joining the Florida Chamber of Commerce, which can help you grow your business and provide valuable opportunities to network with other business owners.

 

The Florida Department of Revenue offers a start-up kit for new business owners that can answer many of your questions on tax liability and provide information addressing common concerns regarding tax obligations, such as filing quarterly reports

 

Take the Most Important Step and Contact Our Florida Contracts Lawyers

 

When starting a business, perhaps the most important step you can take is retaining the services of an experienced Clearwater business lawyer. At Clearwater Business Law, we have the legal knowledge and experience to guide you through the entire process of starting a business. We can help you attend to all of the important details to ensure your business has the best chance for success and to increase your likelihood of making a profit. Serving the Clearwater and the surrounding areas, our lawyers are prepared to assist you today.

TESTIMONIALS

I strongly endorse Andrew Mongelluzzi. He is a very skilled and able business attorney focused on customer service and results. On the front end, Andrew deftly advises new businesses on organizing properly, acquiring necessary licenses, contracting with vendors & customers, and dealing with various compliance issues that may arise. On the back end when things go south, Andrew counsels and navigates businesses through complex commercial disputes and aggressively represents them in negotiations, mediation, arbitration, and in litigation so that businesses can legally move on and get back to business. Andrew’s ability to identify legal issues and approaches to resolve business-related issues is a strength that I have learned from and professionally relied upon in approaching the business matters and cases that I handle. I regularly refer business to Andrew knowing that he will diligently represent his business clients and their best interests.
Relationship: worked together on matter

- Frank N. Genco, Florida Bar No. 440086

We hired Andrew to help us when our insurance company denied our claim when water and sewage damage completely destroyed our Florida Condominium. Even though Andrew made several phone calls and wrote an initial letter, the company continued to deny our claim. He was persistent and continued to help us negotiate with the company until we finally received a fair monetary settlement. He was always quick to respond, helpful, and courteous when working with us. I would recommend him to anyone who is fighting an unjust insurance settlement.

- Harvey

Andrew has represented my business for several years in the area of corporate law, business transactions, collection matters, contract matters, employee disputes, and more. He has always been more than approachable, accommodating and understanding. His approach is not like other lawyers in that he deals with you on your level and is able to incorporate his legal strategies into our business plan/model; instead of allowing lawsuits to takeover the business. Further, his education and practical experience in the business world equates to a valuable understanding of my business.

- Chris

Attorney Mongelluzzi and his team provided excellent and quality service. I always felt that my needs were met and that the firm was invested in me and my case. The quality services I received at Mongelluzzi’s firm were remarkable. From the initial meeting they were responsive to my calls, questions and concerns. All issues were handled professionally and timely, easily accessible, got back to me quickly, aggressive and got me the results that I wanted. Attorney Mongelluzzi and his staff all gave my case their personal attention and provided the quality of work that anyone would want when hiring an attorney.

- Client

Andrew is very thorough defining the outcome expectations. In my case, it was setting up a new corporate entity. He advised me on the most beneficial option and he then executed on that path. Andrew is a very pleasant person to work with. He is determined, skilled and committed to his client’s success.

- Gil Pinney

Andrew helped me through a difficult situation with American Express and we won the case. A great job by Andrew! He also helped me with T&C’s in my company. I would recommend Andrew highly as an attorney.

- John Sams

As a business owner for 12 years I have seen my fair share of ups and downs. Some of the downs would include landlord/tenant disputes and creditors that may have not been fulfilled to agreement. Andrew has met both of these situations for me in a timely, positive, and affordable manner.

- Rich Mattes

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