How Much Money Do I Need to Legitimately Start My Florida Business?

At Morgan Law Group, our Florida Business Litigation attorneys know that everyone’s business venture comes with different start-up costs.

First, it depends on the type of business. Whether you sell web design services or widgets, your overhead costs will vary dramatically.

Next, before you can understand your complete business start-up expenses – including a location or employee requirements – here are a few ways to prioritize the financial costs necessary to get started.

Outline Your Business Plan

Chances are, if you are ready to take the next step to go out on your own, you know what you want to do.

Whether you are opening a vehicle repair shop or an investment firm, you are going to need a business plan — even if you have not decided on a company name or location yet.

A well-crafted business plan allows you to organize your ideas, and professionally share them to court business partners, entice investors, or obtain funding from a financial institution.

A good business plan will also allow you to identify milestones and successfully surpass them.

Choose a Business Structure

Registering your Florida company as a legal business entity — such as an LLC, corporation, or nonprofit — increases your credibility and protects you from personal liability from lawsuits going forward.

Our Morgan Law Group business start-up packages and document review packages will allow you to understand the advantages and disadvantages of certain business types, and which documents are imperative to your company’s success.

For an LLC business, our start-up package includes:

• Attorney Consultation Up to 2 Hours
• Drafting an Operating Agreement for the LLC
• Preparing IRS Form SS-4 and Obtaining an EIN for the Corporation
• Preparing Consents to Be Elected Initial Director for the Initial Board
• Drafting and Filing Articles of Organization with the SCC
• Preparing and Filing Certificates at State Levels
• Confirming Desired LLC Name Availability with the Florida Department of State

For Corporations, our start-up package includes:

• Attorney Consultation Up to 2 Hours
• Drafting Bylaws for the Corporation
• Preparing IRS Form SS-4 and obtaining an EIN for the Corporation
• Preparing Stock Certificates for Initial Shareholders
• Preparing Subscription Agreements for Initial Shareholders
• Preparing Consents to Be Elected Initial Director for the Initial Board
• Drafting and Filing Articles of Organization with the SCC
• Confirming Availability of Desired Corporate Name with the Florida Department of State
• Resolutions

Morgan Law Group provides individuals and groups with business start-up packages and legal advice that is available using flat fees, so you can plan and pay for your legal costs upfront.

Call MLG Business Litigation Attorneys in Florida Today to Discuss Your Start-Up Needs

Contact our Morgan Law Group attorneys in Florida today at (786) 706-9228 for a free case evaluation to learn which legal structure is the best for your new business needs and anticipated growth, and what documents you need to legitimately get started and protect your investment.