The old song and dance of moving to Florida for retirement is still moving and grooving but that doesn’t mean you have to take up golf or knitting. The Sunshine State has never been more attractive for business owners to start new or bring their already accomplished Co. and Inc down south. Here are a few reasons why Florida is the haven you need for your business.
Florida has long been an attractive state for tax-conscious individuals and families because it doesn’t have an individual income tax. Plus, the state has garnered attention for its favorable business taxes. In 2019, the state ranked 4th on The Tax Foundation’s State Business Tax Climate Index, which shows how well states structure their tax systems and provide a road map for improvement.
Access to Capital
Florida ranks fifth in the nation for venture capital funding, according to U.S. News & World Report. In 2019, startups in the state received $511 million in seed capital. If you think Silicon Valley is the only place to find startup capital for your business, you might want to take a closer look at Florida
Quality of Life
You can’t work all the time. In fact, you’ll probably be a better business owner if you prioritize a healthy work/life balance!
If you’re looking for a place to run your business that also has a high quality of life, Florida may be a great option due to its sunny weather, world-class beaches, golf courses, and other outdoor hot spots. Take a look at a few of our listings https://www.waterfront-properties.com/idx/, you’ll get a sense of what we are talking about.