Translate this Page
Wade Coye Blog
Washington Post Recent Headlines
Starting a Small Business
Many people pursue the chance to "be their own boss." If you are starting your own business in Florida, there are some rules and regulations you must follow. The Coye Law Firm can help you coordinate licenses, registrations, compliance certifications, and more. Call our offices to speak with a business attorney who can help the process of starting a business run smoothly and efficiently.
Steps to Starting a Business
If you have an idea of what kind of business you want to start, you'll need to develop a plan in order to make it a reality. The U.S. government's business website has many resources for entrepreneurs, including how to write a business plan. In order to save time, money, and frustration, you should plan the development of your business carefully. Some helpful hints include:
- Choose your location carefully. Consider the the area's economy and transportation in addition to the location's visibility. The Coye Law Firm can assist you in buying real estate as well as forming your business.
- Determine financing that is within the scope of your business and within your means.
- Consult a business lawyer at the Coye Law Firm to determine the legal structure of your business. You may want to do business as a non-profit, limited liability corporation (LLC), partnership, sole proprietorship, or a cooperative. No matter how you want to distribute earnings, you need to ensure that the legal status of your business is ensured and registered correctly. contact our firm today.
- Register your business name with the state.
- For tax purposes, obtain an Employee Identification Number (EIN) from the IRS.
- Depending on your business type, you'll have to file certain permits, including a business license, building permit, health permit, zoning permit, and a signage permit. business.gov, the U.S. government business website, has a search engine for permits required in your area.
- Educate yourself on how to legally hire employees if your business needs them.
As you can see, starting your own business can be a challenge. There are many steps to doing business legally in Florida. Consulting a business attorney at the Coye Law Firm can help you coordinate communication between parties, file permits or certificates with correct agencies, create contracts for partnerships or employees, protect your tax situation, and facilitate purchasing real estate.
Business with employees must take special precautions in order to protect themselves legally. Businesses that fall within certain categories are required to have workers' compensation insurance coverage. Select from a list of credible insurance carriers to protect the health of your employees. More information about workers' compensation requirements and processes is available at the Florida Department of Financial Services website.
Homeowners who are interested in starting a business out of their home address may have specific insurance concerns. Click here for an overview of the insurance considerations of having a business based from home.
Business owners who are considering getting married or who are already married to their business partner may want to educate themselves on potential effects to their business in the event of marital issues. Click here for an overview.
Every decision along the path to starting a new business is important. Call the Coye Law Firm to start a business with the consultation of an experienced attorney who can protect your interests in many areas.