Has your Alabama-based business reached its current profit potential? Are you now standing face-to-face with that dreaded glass ceiling? If so, you should seriously consider smashing through this barrier by relocating your company to Florida. Once you up sticks and expand your business operations to the Sunshine State, you’ll have a larger pool of employee talent to work with, you’ll be afforded a host of beneficial tax breaks, you’ll be able to enjoy unrivaled transportation accessibility, and you’ll be inundated with amazing workspace options.
If you want your expansion project to go off without a hitch, be sure to put the advice laid out below into practice. Here are three things you must do to successfully relocate your company to Florida:
Register your business
Registering your business is the first and most important step that you must take in your expansion process. If you want to be able to legally operate in the state of Florida, you need to get in touch with the correct regulatory authorities and apply for specific occupational licenses. For more information on what you must do to officially set up shop in the Sunshine State, be sure to check out the guidance provided by the .
Take out worker’s comp
In most states across the U.S, worker’s comp is merely a benefit. In Florida, however, it’s a legal requirement. If you want to carry on operating in the Sunshine State for years to come, it’s absolutely essential that you take out this type of insurance premium.
When taking out worker’s compensation, it’s imperative that you align yourself with an expert provider of insurance . Next Insurance more than fit the bill in this instance. With this professional provider of worker’s comp by your side, you will have the capacity to take out insurance that works for you. They will take your company’s wants, needs, and specifications into account before providing you with a tailored insurance quote.
Hire new employees
Unless you are planning to take your entire workforce down to Florida with you, you’re going to need to hire some new employees once you touch down in the Sunshine State. If you want to perform this crucial task in a highly efficient and effective fashion, be sure to put the following advice into practice:
1. Comply with all of the Florida state employment standards imposed upon you
2. Ensure that your new hires sign the appropriate forms (W2 tax form, I-9 form, federal W-4 form, company non-disclosure agreement, etc.)
3. File a quarterly contribution return within 20 days of your new recruit’s start date
4. Report federal employment taxes to the IRS
Better quality of life, growth, diversity, lower cost of living — these are just of the amazing benefits that you stand to reap from relocating your company to Florida. To ensure that this massive move goes as smoothly as it possibly can for your business, be sure to heed all of the advice and guidance listed above.
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