Setting Up A Business: When To Hire A South Florida Corporate Law Firm

When setting up a new business in South Florida

, you might want to consider going to a South Florida corporate law firm. With all the laws required in Florida, setting up a business without following the right process can get your business off on the wrong footor even worse, land you in hot water with the IRS. Luckily, there are resources that you can look to. For instance, you can hire a South Florida business law firm to make sure that you complete all of the steps correctly.

Here's what you need to know to set up a business in South Florida.

Choose Your Name and Register It

First, you'll need to choose a unique name for your business. The name can't be in use by another company because if it's already in use, you won't be able to register it. You can register the name yourself, or you can hire a South Florida corporate law firm to do it for you.

Choose Your Business Type

You'll likely want to incorporate your business because of the many tax breaks, but you'll need to decide just what type of business to set up. You'll be able to choose from a sole proprietorship, a partnership, corporation or LLC. The laws can be confusing, and unless you're already well-versed in them, it might pay to hire a South Florida business law firm to do analyze your business and help you make the decision.

Get Your License

As in most places, a business license is also required in Florida. Obtaining this license can change from county to county and can be an easy or hard process, depending on the style of business that you're are creating. If you're not familiar with the process, it might be wise to talk to a South Florida corporate law firm and ask for their advice.

Attend to the Details

If you decide to incorporate, you'll need to prepare an Articles of Incorporation. This is a certain set of data that you will need to file with the state of Florida so that your company can be legally created. You will need to include your name, your principal address (which must be in Florida), your mailing address (which can be a PO Box) and the names of all the owners, along with their contact information and a required e-mail address.

Next, you'll need to get an EIN number for tax purposes. You may need help from your South Florida corporate law firm with this step, as you'll want to ensure that all of the paperwork is completed correctly.

Once you've accomplished all of these steps, your business will be official with the State of Florida, and you can begin trying to earn a profit. Remember, you want to make sure that your business is set up correctly from the startand if you have any doubts that you can do that yourself, you should make an appointment with a South Florida corporate law firm and discuss the best available options for your unique situation.

by: Frederick Rolle

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