Considering relocating your business to Florida? There are a few reasons why that could be a wise move.
Entrepreneurs and companies alike are attracted to the state's favorable business climate and lifestyle perks. Whether you're moving from another state or starting fresh, Florida offers a range of advantages that make it an appealing choice.
Let's explore what makes Florida a great destination for your business and how you can set yourself up for success.
An introduction to Florida’s business climate
Florida has a reputation as a business-friendly state, and it’s well-earned. One of its biggest draws is the tax structure. The state has no personal income tax, meaning you can keep more of your earnings. For businesses, there's also no corporate income tax on S-corporations and limited partnerships, which can result in significant savings. Tax rates for larger C-corporations sit at a low 5.5% over $50,000.
Additionally, Florida doesn't impose a state-level property tax on business inventories or goods in transit, which makes operating here more affordable compared to other states.
Looking at the bigger picture, Florida's economy is diverse and growing. While tourism remains a major contributor, industries like aerospace, finance, life sciences, and manufacturing are booming.
Companies in these sectors can take advantage of economic incentives, such as the Capital Investment Tax Credit (CITC) and the Quick Response Training (QRT) grant, designed to offset the cost of expanding and training employees.
Registration & legal requirements
When you relocate your business to Florida, you'll need to handle a few essential legal steps. Most small businesses opt for a Limited Liability Company (LLC) due to its flexibility and ease of management.
To form your LLC, you’ll need to file ‘Articles of Organization’ online through the Sunbiz portal for about $125–$160, including the required Registered Agent fee.
A Registered Agent with a physical Florida address is necessary to receive legal documents for your business. If you're bringing a business from out of state, you won’t have to start from scratch. Instead, you can file for 'Statutory Conversion' (for LLCs), 'Domestication' (for corporations), or 'Foreign Qualification' to allow your existing entity to operate in Florida.
After completing these steps, don’t forget to get an EIN from the IRS and register with the Florida Department of Revenue if you plan to collect sales tax.
If you’re not sure how to create an LLC in Florida, or you just want some support with the process, experts can guide you through the process and handle the paperwork.
Licensing, permits & local regulations
Unlike some other states, Florida doesn't have a one-size-fits-all business license. Instead, requirements vary depending on your industry and location.
If you're in a regulated field, like real estate or contracting, you'll need to get the appropriate professional license from the Department of Business and Professional Regulation (DBPR). Additionally, most businesses need a Local Business Tax Receipt (BTR), also known as an occupational license, from their county or city of operation.
Make sure to check zoning laws before leasing any commercial space. Local Planning & Zoning departments enforce strict land-use regulations, particularly in areas near the coast or in protected zones.
And in 2026, new legislation will standardize commercial building permit forms across the state, helping to streamline processes and reduce delays.
Cost of living & workforce
Florida’s cost of living varies by region. Areas like Miami have a higher cost of living, but they’re also top hubs for finance and international trade. On the other hand, cities like Tampa Bay and Jacksonville offer more affordable living with strong business ecosystems in manufacturing, healthcare, and logistics.
Florida’s workforce is another key benefit. The state’s university system is ranked number one for talent production in the U.S., so you’ll have access to a steady stream of excellent candidates. While the labor market has become more competitive, Florida’s minimum wage is set to reach $15 an hour by 2026, ensuring that workers are paid fairly.
Moving your business to Florida could help you unlock numerous benefits, from tax advantages to a talented workforce. Take the time to understand the state’s requirements and leverage the available incentives, so you can set your business up for success.
