5 Things to Accomplish After Relocating or Moving a Business to Florida
Checklist for What to Do After Moving a Business to Florida
While you’re no doubt anxious to get things up and running after moving or relocating your business to Florida, there are a few tasks that you’ll need to attend to before you can start doing business again. There are many reasons to join us in the Sunshine State, but if you do so without accomplishing the items on the list below, then your company could be in for some trouble — including fines or even dissolution.
Update Contact and Banking Information
The first thing to take care of after moving a business to Florida is to update your information to reflect your new location. If you have a website, then make sure that it has your current contact information so that returning customers can find you or contact you after your move. You should give this information to any vendors, merchants, or businesses that you want to keep working with, too. Finally, update your banking and other financial information to help ensure that the money keeps flowing without interruption.
Close Tax Accounts Back Home
Next, you’ll want to close your tax accounts back in your home state. This is also a good time to double-check any potential tax consequences of the move and to confirm that you aren’t missing any necessary payments after moving a business to Florida. Dealing with the IRS often involves multiple forms and special requirements that can be difficult to navigate without experience. Because of this, consider hiring an attorney, accountant, or other trusted consultant to help guide you through the process.
Meet State and Local License Requirements
License and permit requirements differ from state to state. Don’t assume that you won’t need any in Florida just because you didn’t back home. Cities and counties also have their own laws governing what professions need which qualifications that you’ll need to account for. This can get complicated, so consider scheduling a consultation with our law firm for assistance with satisfying your state and local licensing requirements after moving a business to Florida.
County and City
In addition to licenses, you’ll also need to check with your chosen county and city to see if your business needs a business tax receipt. Also known as an occupational license, this is a tax business owners must pay to operate within a certain area. Again, each jurisdiction has its own requirements, so you’ll either need to do your own research or contact a local Florida attorney who can help you find the answers.
Register Your Business
It’s essential to register with the State of Florida’s Division of Corporations before conducting any transactions after moving a business to Florida. Every business entity must register with the Division or else they’ll face harsh fines and other penalties. If you dissolved your business before moving to Florida, then you need to officially reincorporate in Florida in order to benefit from the protections that your business entity affords you. If you’ve followed the procedures to either convert your LLC or domesticate your corporation, however, then your business will already be in the Division’s database. For this reason and a few others, we typically recommend that clients moving a business to Florida do so via statutory conversion or domestication.
Please note that this is not an exhaustive list of the legal and financial matters that you’ll need to attend to after relocating or moving a business to Florida. To make sure all your businesses are covered, contact our law firm for help with conversions and domestications by visiting us online or by calling (727) 279-5037.