You probably know that Florida is one of the most favorable states for life and work. And that’s why when you decide to move out of Florida, you should think about it very carefully. Because perhaps you will never again come across the comfort that Florida can offer its residents. During today’s story, we will talk about the benefits for business that this state offers and we will persuade you to think about your decision at least once more. So, if moving your business out of Florida in 2023 is a good idea or not, you will have the opportunity to find out below. And if you still decide to leave this state, City Movers are at your disposal. It’s enough just to contact them and start your business move!
Why is Florida an ideal place for life and business?
No state income tax, pleasant weather, beaches, and affordability are just some of the reasons why Florida is one of the best places to live and work. And this state is known as one of the best states to live in, and that’s exactly why it’s a favorite. Even during the covid 19 pandemic, people were moving to this Sunshine State. According to data from The James Madison Institute, in the period from July 2019 to July 2020, a little more than 252,000 people moved here, also during the pandemic in the period from April 2020 to April 2021, this state gained about 330,000 new residents. This means that about 903 people move to Florida every day. And the reason for that is affordability, work, good weather, and beautiful beaches. So, these data tell us that Florida remained the best choice during the pandemic, as well as after it.
When it comes to doing business, did you know that Florida is in 11th place when it comes to business? One of the reasons why Florida is in such a high place is precise that this state is one of the places that have the best policy for doing business, but also a very simplified regulatory environment. Florida is a state that offers incentives to attract all types of businesses. Starting from company headquarters to production facilities, various service companies, tourist facilities, etc. So, it might be a big mistake to leave this state. And, regardless of what you decide, keep in mind that state to state movers Florida has can help you with everything. It starts with the organization of your move, all the way to packing your things.
Moving your business out of Florida in 2023 – Yes or No?
This kind of decision can be very difficult. And there is no real answer to this question either. We can already tell you that you need to think about this. Also, as soon as you consider this step, it means that there is something that isn’t right for you in Florida. Well, maybe you can focus on that first. Think about what you gain and what you lose. And also, think about where you would go. If you have no idea, locations like Wyoming, South Dakota, Alaska, New Hampshire, and Nevada, can be good choices. And know, you always can rely on corporate relocation companies Florida offers. Wherever you go.
Regardless of the fact that Florida is one of the best states, it, like all others, has its cons when it comes to doing business. But, here are a few things you will lose if you move your businesses out of Florida.
- Pro-business environment
- Affordable rental of office space
If you move your business out of Florida in 2023, you will lose the pro-business environment
Taxes are considered one of the biggest benefits of doing business in Florida. But they are also one of the reasons why people decide to move their small and large businesses to the Sunshine State. What is a big advantage of doing business in Florida is that the corporate income tax is 5.5%. Also, Florida residents are exempt from personal income tax, as well as estate, inheritance, and gift taxes. What also makes Florida an ideal place for business is the low cost of living. According to data from bestplaces.net, they are 103.1 compared to the national average of 100. So, if you move to a more expensive country, this can be a big challenge. So think about it!
Maybe you won’t find such a favorable office space again
Whether you’re looking at residential or commercial real estate in Florida, you’ll find low rental rates. For example, the average price of renting an apartment in Florida is around $1,670 for a two-bedroom apartment. But when it comes to office space, data from Florida Roi says that the prices for renting office space range between 20 and 70 dollars per square meter, depending on the location. So, if you decide to move your business to, for example, New York, and rent a 50,000-square-meter office space, you will pay about $4 million in rent over the next 5 years. While, for example, in Jacksonville, Florida the same space will cost around $1.3 million. So, you should think carefully about such things!
Such a decision requires a lot of thinking!
Just starting your own business comes with a lot of challenges. So, if you have had a successful business in the territory of Florida, think about why you would move your business. But, if your final decision is to move your business, know that at the same time, new doors of new possibilities can be opened for you. But also, pay attention to other things that you will miss after moving your business out of Florida in 2023. Whatever your final decision is, keep in mind that relocation services in Florida are at your disposal. Regardless of whether it’s a matter of moving your business premises or your home. Just call us!