SEPTEMBER 16, 2024 Business Law Beat with Lawrence B. Lambert, Esq. Navigating Legal Waters: Key Considerations for Starting a Business in Florida Business Structure: Choosing the right business contracts are the bedrock of business transactions. entity is...
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SEPTEMBER 16, 2024 Business Law Beat with Lawrence B. Lambert, Esq. Navigating Legal Waters: Key Considerations for Starting a Business in Florida Business Structure: Choosing the right business contracts are the bedrock of business transactions. entity is foundational. Florida offers various options, Whether dealing with suppliers, clients, partners, or the most common being sole proprietorships, partner- investors, having well-drafted agreements in place can ships, corporations, and limited liability companies prevent misunderstandings and legal disputes down (LLC). Each structure carries different tax implica- the line. tions, liability protections, and regulatory require- Tax Obligations: Complying with tax obligations ments. is non-negotiable. Familiarize yourself with Federal Registration and Licensing: Registering your busi- and Florida tax laws, including sales tax, corporate in- ness with the state of Florida is mandatory as is filing come tax, payroll taxes, state and federal
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