So you want to move your Small Business to Miami and live there?
Business Opportunities in Florida, more people, lots of entertainment and a strong economy. In Florida there is no personal income tax and the general consensus is that Florida is quite small business friendly. Perhaps this is why so many people have flocked to Florida in the past decade and during/post Covid.
With the good comes the bad. If you're like me, running a business in New York City is extremely expensive….not to mention living in NYC as well. Yes, it is true that the cost of living in Florida as a whole is notably cheaper than NYC, but Miami has become almost as expensive to live in than the Big Apple.