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- Business Name. What do you want to call your business? That's always a good start. In Florida and most other states in order to cash checks written to your business you need a business checking account. But in order to get a business checking account you have to register your business name this would be a fictitious name registration as described on the Florida Business web site Sunbiz.org. This ensures your business is unique and that no one else has the name already. Register your name and your one step closer to being Florida Legal. There is a special Note here if your business name is YOUR name then you can possibly get by without registering a fictitious name and run it under your name. Again for more information you should visit Sunbiz.org.
- Sole Proprietorship? Are you going into business alone? Do you have a partner? This again can make big impacts on taxes and the amount of work you need to do to register your business. All the actual legalize can be found at Sunbiz.org I will not rewrite it here for legal and liability reasons.
- LLC, Incorporate? These are more decisions to make. to put things simply if you operate your small business from your home and are not incorporated every asset you have can be considered Business assets and can be counted upon to reach legal settlements in the event something like that were to occur. Incorporate or LLC can take those assets that are yours personally (and not part of the business) and protect them from business transactions. Each have their own tax benefits and each have their own application and documenting paperwork which one is right for you is up to you and before making a decision a Lawyer or CPA could assist you better.
- Licensing. Business and Occupational Licensing may be needed if you are in operation. You may only need one but depending on where you live you may need a City License as well. Check your City Clerk of the courts for more information regarding each of the major Florida Cities
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