Florida: The Destination for Business

Florida: The Destination for Business
busine, florida, munns, real, estate, incubators, companies, state, development, miami

Yes, Florida is renowned for our creative real estate developments. For our multicultural communities. For our universities and community colleges. (And with them, football, of course…)

One of the beneficial effects of these many comminglings of people, resources, and intellects are business incubators, startup support organizations, and maturing companies in a seemingly endless array of creative, productive, and service industries. 1, 2

The central point for creating and maintaining businesses such as corporations, limited liability companies, and various forms of registered partnerships is the Florida Department of State – Division of Corporations which operates publicly through its user-friendly portal. Here most artificial forms of doing business can be formed online (or by the old-school paper method). Fictitious names for companies attributed. Annual reports filed. Existing companies researched.

That is the easy part for business developers and other types of entrepreneurs. Bringing a company’s goods and services to market is the tricky step. Questions must be asked and researched. Is there a need for the offering? Is it unique? (Note…meaning subject to patent or other intellectual property protection, a specific topic for another day.) Is there domestic or out-of-state competition? How is the “word to get out” about the company and what it does? What are the efficient distribution channels inside and outside of the state?

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These are not easy questions for even experienced entrepreneurs to resolve. Which is why Florida’s business incubators, accelerators, and other development services are invaluable. Frequently they are affiliated with or local to academic institutions. 3 The value of these sorts of support institutions is that they provide assistance at the earliest seedling phase at little or no cost. 4

Yes, Florida is renowned for our creative real estate developments.

And now for the big news. Florida is “officially” on the map for its pro-business development reputation. Just this week Orlando, Miami, and Tampa were listed as the #1, #3, and #5 large cities to start businesses, with Jacksonville as #12, St. Petersburg as #15, and Hialeah as #24. 5 Miami, being one of the most diverse municipal areas in terms of cultures, languages, and intellectual cross-pollination is, again, accorded special attention with its #1 “win” place. 6

So, people of the world. If you are looking for a state in which to launch or grow your business…come to Florida. We are here for you, and we would love to have you with us!

1 https://ideagist.com/list-of-startup-accelerators-and-incubators-in-florida-usa/

2 This writer is pleased to report that he very recently bought a new mattress, which was manufactured in-state (Miami to be precise).

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3 See, for example, http://www.fbiaonline.org/, http://innovate.research.ufl.edu/, https://cie.ucf.edu/, https://www.sfcollege.edu/cied/incubators/index, https://www.idea180.com/business-accelerators-incubators-miami-florida/. By way of full disclosure, this writer is an incubator resource at the Santa Fe College Center for Innovation and Economic Development [ https://www.sfcollege.edu/cied/incubators/incubator-resources/index ], and has taught at the University of Florida Warrington College Master of Science in Entrepreneurship program [ https://warrington.ufl.edu/master-of-science-in-entrepreneurship/ ].

4 For further information see the following article written by this writer:

https://www.businessmagazinegainesville.com/startups-and-real-estate/. And let us not forget about the long-standing Service Corps of Retired Executives [ https://www.score.org/ ], and organization with which this writer periodically co-works on business development projects.

5 Sources: https://wallethub.com/edu/best-cities-to-start-a-business/2281/, https://www.floridatrend.com/article/26807/2019s-best-large-cit

6 https://www.cnbc.com/2019/05/07/this-is-the-top-city-for-small-business-in-the-us-study.html

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– For more information, call Philip N. Kabler of the Gainesville, FL office of Bogin, Munns & Munns at 352.332.7688, where he practices in the areas of business, banking, real estate, and equine law. He has taught business and real estate law courses at the University of Florida Levin College of Law and Warrington College of Business Administration. And is now the President-Elect of the Eighth Judicial Circuit Bar Association.

NOTICE: The article above is not intended to serve as legal advice, and you should not rely on it as such. It is offered only as general information. You should consult with a duly licensed attorney regarding your Florida legal matter, as every situation is unique. Please know that merely reading this article, subscribing to this blog, or otherwise contacting Bogin, Munns & Munns does not establish an attorney-client relationship with our firm. Should you seek legal representation from Bogin, Munns & Munns, any such representation must first be agreed to by the firm and confirmed in a written agreement.

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