START UP CHECKLIST
If you're launching a business in Florida, check out www.sunbiz.org to see if your preferred business name is available. Once you have made your business name selection, check if the domain name (i.e. www.yourbusiness.com) is also available. Many times the business name may be available, but the domain name is not. You want to make sure they both match up as close as possible prior to registering your business.
After choosing your business name, ensure that you use the exact same spelling, punctuation, and format consistently across all business filings and accounts, including with the Secretary of State, IRS, banks, and other organizations. Variations in your business name can lead to potential issues when trying to obtain business credit.
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The structure you select will impact various aspects, including daily operations, taxes, and the protection of your personal assets. It's essential to choose a business structure that provides the right mix of legal protections and benefits. Limited Liability Company (LLC) is more widely used when forming a business. Please consult an accountant or business tax specialist to confirm your specific business needs.
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This table only serves as a guideline. Once again, consult an accountant or business tax specialist to confirm your specific business needs.
Applying for an Employer Identification Number (EIN) is a free service provided by the Internal Revenue Service (IRS). Be cautious of websites that charge for this service.
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You can apply for an EIN online, Monday to Friday, 7 a.m. to 10 p.m. The applicant must possess a valid Taxpayer Identification Number (SSN, ITIN, or EIN). You are limited to one EIN per day. Once you complete the application, your information is validated during the session, and your EIN is issued immediately. This online process is available for all entities with a principal business, office, or legal residence in the United States or its territories.
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Many lenders use tools, such as the United States Postal Service (USPS) address verification system, to confirm that a business location is legitimate. Using a P.O. Box or a UPS Store address as a business’s physical address raises concerns because it can make the business appear less credible or more difficult to locate. Lenders prefer a verifiable, physical address to assess the risk, and having an actual, fixed location adds transparency.
To build trust with lenders, businesses should ensure:
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All filings and documents include a legitimate, deliverable physical address.
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The P.O. Box or UPS address, if used, is listed only as an additional mailing address, not the primary location.
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Consider using a virtual office or co-working space with a real street address if a physical office is not feasible.
This practice helps lenders feel more confident in the stability and legitimacy of the business. SunBiz Support offers virtual office addresses throughout Florida. For more information, please contact us 877-7SUNBIZ.