Reasons to expand your family business to Miami in 2022

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Florida has always been one of the most popular states to move to for many different reasons. And not only residential moving takes place in the Sunshine state. Also, many businessmen are flocking around the state recently. When you plan to start up a business or you want to expand the existing one, then naturally you would like to get the best possible working conditions. Miami and the rest of Florida gained a reputation as one of the most desirable places to expand a business. With the help of Miami Movers For Less this type of relocation would be much easier. In addition, Florida has seen the highest influx of new residents over years. Nice weather, low taxes, and many other benefits contribute to people moving both their homes and their businesses. Read this article and discover why you should expand your family business to Miami in 2022.

Why do people choose Miami in the first place?

Since the economy rebounds after the epidemic, people tend to move their businesses to less-taxed areas such as Miami. In addition, when you think of Florida, you think of nice hot weather, beautiful beaches, and almost 365 days of sunshine. In addition to that, people who like spending time outdoors, enjoy when contacting moving services Miami to relocate them here. You can enjoy here kayaking or surfing, together with other water sports. So if you decide to move your business to Miami, you can also work and have a vacation at the same time.

a lifeguard house on the beach
The real market expanded in Miami

The real estate market expanded and home prices are higher in this area. However, the costs of living are still pretty affordable. If you compare it to California, Mimi still has lower prices of living and a business-friendly tax structure.

There are no income taxes in Florida

If you want to save money on your business, then move to Florida. Florida is becoming a haven for corporations that want to avoid expensive taxes. In addition, you will avoid some unfavorable business regulations. This is one of the few states that do not ask its residents to pay income taxes. You will still have to pay property and sales taxes. In addition, its corporate and sales taxes are low if you compare it to other states. When booking commercial movers Miami, you need to know that tax laws usually attract entrepreneurs and other industry leaders. The reason Florida can keep sale taxes low is that it has millions of tourists coming here every day. In addition, they pay different taxes for their purchases.  Florida has no tax on the following as well:

  • property tax on business inventories
  • sales tax on purchases of raw materials

Pro-business climate as a reason to expand your family business to Miami in 2022

Miami has a large market and it is all about doing business here. It constantly ranks among the best states for business for years. Its leaders constantly work hard to ensure that the business climate in the state is stable and favorable to companies.

people in the office working on to expand family business to Miami in 2022
There is a pro-business climate in Miami

In addition, there are many banks in the area that can make great offers for your business. Running a family business is not an easy thing to do. Therefore, having multiple benefits will make the whole process of running a business easier. If you plan to contact a Coral Springs moving company, you need to know that Florida offers a cost-efficient alternative if you compare it to other states. Also, you will find cheaper land and labor than in competitive states. If you have an economic development project you will have greater chances to get the permits quicker to start up your business than in other states.

Follow your customer

Out of the 5.9 million new business applications in 2022, around 15% took place in Miami, Florida. Since the pandemic, many new family businesses decided to choose Miami as their future business hometown. Florida cities and Miami, in particular, draw many young people because of the nice weather, beautiful beaches, and great nightlife. Companies also track the moving of young people and move their businesses accordingly. If you wish to expand your family business to Miami in 2022, you need to keep track of your customers. Also, when contacting your residential movers Miami, you need to know that almost 20% of the millennials came to live in Miami in 2022.  Moving your entire family here, and not only your business will be interesting to your children as well due to the increase of the young population.

Reasons to expand your family business to Miami in 2022

Miami is attractive for small businesses that are looking for growth. It offers different ways to encourage business innovations. The Tech Runway in Boca Raton or The Launch Pad in Miami is just some of the examples of small business that expanded in Florida over time.

people in the office
You should expand your family business to Miami in 2022

If you have more startups in one area, many other smaller companies will tend to gather around them. This will create a good climate for business expansion. Also, if you run a retail business and have a lot of stock, then you can use storage units Miami to store it away. In this case, once you expand your family business to Miami in 2022, you will not have to clutter your retail stores. In addition, you will have easier access to your stock in the storage unit where you can come and take as much stock as you need.

Quality of life

There are many reasons why you should expand your family business to Miami in 2022. Among the most important reasons is that it provides a great quality of life. In addition, there is a perfect balance between work and family life here. Unlike some other cities, Miami offers its residents the opportunity to work and enjoy at the same time. Contact long distance movers Florida if you are coming from far away, and experience this work-life balance. Endless coastal lines, sandy beaches, and fresh clean water are just a part of the city’s great amenities. In addition, there is a huge variety of different nations living  re. You  will experience great cosmopolitan life by visiting many cultural events, museums, and art galleries in this area. Add to it great education and low costs of living and it is easy to make a choice.

You  can look forward to steady growth

When it comes to growth, Florida has really steady growth and has steadily risen in the past few decades. Currently, this is the fourth largest economy in the entire state. Miami offers incentives for all types of businesses.

coins on the top of each other and a clock
In Florida, you can look forward to steady growth

Therefore many different industries tend to expand here. depending on what you run as a family business, your business will expand accordingly. If Miami was an independent country, it would have the world’s 15th economy. Another reason businesses are moving to Miami is that it invests in its infrastructure significantly. The city also wants that its citizens have a great internet connection and access so they can expand their business even more. Also, you will find here a great diversity of industries. That includes financial and professional services, IT, logistics, aviation, and aerospace thanks to the closeness of the international Miami airport.

Affordable office rents-reasons to expand your family business to Miami in 2022

Affordable living costs have implications on all transactions around the state. The low cost of working and living leads to more affordable real estate. This is particularly important for commercial real estate. Although a great number of different businesses had their influx in the state, the renting price of offices remained low. Not only Miami, but Florida, in general, have low industrial rents for different kinds of businesses. This fact will help you avoid loss of business while moving. For this fact, you can save a great deal of money just on renting if you decide to relocate your business to Miami. If you move your employees, they will also save on home renting expenses. You will provide them with a greater quality of living. In addition, you will provide them with bigger financial freedom and they will be more satisfied.

Local government officials are welcoming new businesses

Local governments in Miami are actively recruiting business leaders to come to Miami. They use many incentives and stimulus finds to attract business owners to come and expand their business in Miami. They do as much as it is in their power to make business leaders feel at home offering great help on every corner. Among the best moving trends in Florida is currently moving your home and office to Miami. Attractive capital investment credits encourage attract business leaders to set up and invest further in Miami.

two men shaking hands to expand family business to Miami in 2022
Local government is doing their best to attract business leaders

In addition, there are different kinds of training incentives that help family business owners get more skills and knowledge. This gives a great opportunity for small business owners to learn more about the market. This way they can figure out in which direction they need to expand their business, or maybe leave the current industry they are in.

Moving family business in downtown Miami-logistics issues

There are many different challenges when you wish to expand your family business to Miami in 2022. Apart from researching the market of what would be the best expanding choice, you need to deal with the logistics as well. Logistically speaking, you will probably have to move several floors of your possessions. In addition to that, you might also have a certain amount of stock that you will need to transport. Therefore, you may need additional packing and transporting equipment. For this reason, booking professional packing services Miami may be a great idea in this case. When relocating your family business to Miami, you may realize that there are many unnecessary items that you keep either in your offices or in your stock. This may be a perfect time to sell all the things that you no longer plan to use and earn some more money.

Domesticate the Business in Florida

One of the headrest parts for family business owners is the domestication of the business. In that sense, Florida offers some of the greatest potential to business owners. This process provides a seamless continuation of your business operations.

a man sitting in the office
It is pretty easy to domesticate the business in Florida

You will easily transfer your headquarters to Miami. You will preserve all of the following entities: bank accounts, credit ratings, public records, and tax ID numbers. While moving and finding affordable housing in Miami, you can also get all the necessary information about the easy domestication process. There are also certain steps to follow so you can finalize this in a timely manner and start up your business as soon as possible. You will need to get the following:

  • Certificate of Good Standing 
  • Certificate of Domestication and Articles of Incorporation/Organization
  • File for dissolution of the LLC in the previous state

Affordable housing

Miami, and Florida in general, got the rank as the No. 1 state for the most affordable housing. Its real estate market is booming in the past few years due to the great economy, its closeness to the ocean, and its expanding business structure. The median listing home price in Miami is currently $360,000. In addition, you can find a house in the Miami area for a fairly reasonable price of around $409,000. Another reason to expand your family business to Miami in 2022 is that you can connect work and fun. Living and doing your family business in Miami will give you a sense that you are on vacation throughout the year. In addition, you can make a perfect balance between your work and the rest of the time. Your employees will be fairly happy if you happen to bring them into this area.

a house in the sunset
Take your time to explore the market before transferring your business

There are many reasons to expand your family business to Miami in 2022. You need to give yourself enough time to explore the market and see which businesses are currently growing. Miami offers great living and working conditions so there is no doubt that your family business will flourish in this area. Just make sure to rent an office with a view over the ocean, and everything would be much easier.

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