Start a Business in Florida
Florida has no state income tax and ranks among the top states for new business formations. With over 3.2 million registered businesses and a diverse economy spanning tourism, technology, healthcare, and international trade, Florida offers founders a low-tax environment with strong infrastructure.
Filing Fees
| Entity Type | Filing Fee |
|---|---|
| LLC | $125 |
| Corporation | $70 |
| Nonprofit | $70 |
| DBA / Trade Name | $50 |
| Annual Report | $138.75 |
No franchise tax; annual report fee of $138.75 for LLCs
Processing Times
- Standard: 5-7 business days
- Expedited: 1-2 business days ($50 fee)
- Online: 1-2 business days via Sunbiz
Key Facts
- No state income tax on individuals — LLC pass-through income is tax-free at state level
- Corporate income tax rate: 5.5% (only applies to C-Corps)
- Annual report due by May 1 ($138.75 for LLCs, $150 for corps)
- Online filing through Sunbiz.org is fast and straightforward
- Foreign qualification required if formed in another state but operating in Florida
Compliance Deadlines
| Item | Due | Penalty |
|---|---|---|
| Annual Report | May 1 annually | $400 late fee; administrative dissolution after September 30 |
| Registered Agent | Maintain continuously | Administrative dissolution |
| Sales Tax Registration | Before first sale (if applicable) | Penalties and interest |