6 Benefits of Starting a Business in Tampa: Get Started Now

Starting a business can be hard, but it’s also gratifying to work for yourself and create something out of nothing. That’s why there are around 305 million start-ups created each year. Continue reading about benefits of starting a business in Tampa…

One of the hardest questions you have to ask yourself after you’ve got your business idea is, where to start a business?

If you’re ready to get your start-up off the ground, allow us to share with you the many benefits of starting a business in Tampa, Fl.

  1. Great Lunch Restaurants

While where you’re going to eat may not be at the top of your list of reasons to start a business in Tampa, but it should be. Tampa has great lunch spots for business professionals to grab a quick bite to eat and get back to work. There are also many great places you can bring prospective clients to that are sure to impress.

  1. Great Weather

Unlike mid-western states, Florida has great weather year-round! You don’t have to worry about snowmaking you late for your important meeting or whether or not the weather’s going to be nice for your annual client appreciation lunch.

  1. Gorgeous Office Buildings

When it comes to functional and appealing office spaces, Tampa is the place to be. Many conveniently located office buildings in Tampa keep you close to your clients and the beach.

When you work with the right office building, you can start your business small and then hire more employees and expand into the place as you grow.

  1. Low Average Cost of Living

Tampa, on average, is less expensive to live in compared to other states in the US. This means you can offer a salary that will allow your employees to live well without draining all your start-up money.

  1. Pass-Through Taxation

When you start an LLC in Tampa, you enjoy pass-through taxation. This means the members, or owners, report their share of the business’s profit or loss on their tax returns. The tax is then paid at the individual level rather than on a business level.

This is great because pass-through taxation goes around double taxation that often happens with C corporations, where income is taxed at the corporate level.

  1. More Flexible Business Rules

In general, LLCs in Tampa don’t have restrictions on the number of members allowed in the business. The members also have flexibility in the way they structure the company’s management.

More common partnerships split 50-50, but you have a lot more flexibility with an LLC in Tampa.

Now You Know the Benefits of Starting a Business in Tampa

Now that you know the many benefits of starting a business in Tampa, take the plunge and do it today! Remember, when trying to find an office, Tampa has great lunch spots, as well as productive workspaces that are perfect for start-ups.

If you’re having a hard time finding the right place to start your business, contact us today! We have over 30 years of experience helping start-ups just like yours find their dream office, and we can’t wait to help you too!

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