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Final Word

Getting started with a sole proprietorship in Florida is easy and affordable. Depending on your industry, you may need to get a relevant license before starting, but otherwise all you need to do is begin business activities. Now that you've got your feet wet with the basics of sole proprietorship, assess your business needs and take the necessary steps to help your business grow as well as follow best practices.

FAQs about Starting a Florida Sole Proprietorship

What qualifies as a sole proprietorship in Florida?

A sole proprietorship in Florida is a simple structure in which you operate under your legal name and can start business activities without filing any legal documents with the Florida Department of State.
 

Do you need a business plan to start a sole proprietorship in Florida?

No, but it’s a great idea to have one in place to help guide your business.

How much does it cost to start a sole proprietorship in Florida?

If you don’t rent a space or hire employees, it can cost as little as $50 to get started.

Can sole proprietors in Florida hire employees?

If your sole proprietorship hires employees, you need to register for an employer identification number (EIN) with the IRS. 

Is a DBA required for Florida sole proprietorships?

A DBA is not required to run a sole proprietorship in Florida, but it will give your business more credibility.

How are sole proprietorships different from other businesses in Florida?

Sole proprietorships are more vulnerable when it comes to liability protection. Having a limited liability company (LLC) or corporation can be helpful in case of liability issues. In these business models, your liability is limited to the amount of your investment you put into those companies.

About the Author

Sarah Sharkey

Amalia Santa Maria

Personal Finance Content Writer and Editor

Copywriter and content creator writing technical articles on finance that allow an average person to easily understand and connect with financial concepts.

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