Florida: 5 of the Best Startups to Look Out for in 2022

Statistics have revealed that around 10% of startups do not make it past their first year. However, between their second and fifth year, this number drastically increases to 70%. One of the major reasons for failure has been attributed to entrepreneurs misreading market demand. These stats have proven to be constant across all industries. 

Selecting the right state also has a major impact on the success of a business. The state of Florida has proven to be one of the most popular states for startups; this is due to the business-friendly climate that the region has created for entrepreneurs. 

5 of the Best Startups in Florida

■ Hubmine: Hubmine is a digital platform that allows users to obtain construction material– straight to their construction site– in a matter of minutes, with just a few clicks. The app is aimed at construction personnel that needs to meet time constraint goals while using the latest technology to achieve this.

■ Debbie: Debbie is the first debt payoff and savings product that will reward borrowers for paying down their debt. It incorporates automatic APR savings as users work to improve their financial habits. It differs from debt consolidation or financial health products by using positive reinforcement and tangible financial incentives to address the underlying negative financial behaviors that remain at the root of the debt cycle.

■ Taxfyle: This startup is an on-demand tax filing mobile app that will connect users to a tax professional within minutes of placing a request. The app makes filing taxes easier and more efficient. The app acts as the solution to tax problems while still providing CPAs with the flexibility they need.

■ Boopos: This platform provides non-dilutive revenue-based financing to Saas Businesses and e-Commerce stores. Entrepreneurs can get mid to long-term funding that can be used to buy a new business or grow their own. This alternative financing solution assists by keeping equity and payback flexible.

■ Relief App: This startup aims to help individuals overcome the burdens of their financial past by helping patrons achieve financial freedom. The app allows users to navigate through financial hurdles in the simplest manner. It utilizes innovative methods of debt negotiation along with follow-up services.

Starting a Business in Florida

For entrepreneurs that are looking to join the list of successful startups in Florida, starting an LLC in the sunshine is relatively simple and will require business owners to follow a few mandatory steps such as:

■ Naming the LLC: A strong business name will essentially be the first piece of information that an entrepreneur will need; this is primarily due to the fact that it will be required when filling out all paperwork with the state authorities. Furthermore, the name of a business will become the foundation on which the brand’s identity is built. The name should be easy enough that customers are able to remember it, yet still unique enough that it will not be confused with another brand; it should also follow any naming requirements set out by the state.

■ Appointing a Registered Agent: A Florida registered agent will act as an intermediary between the LLC. This can be any person, company, or registered agent service that will handle all business communication with the state authorities. It is important to choose wisely as they are a vital part of any LLC’s success. The appointed registered agent will have to comply with the following: Must be a Florida resident or authorized to do business in the state, must have a physical Florida address and a mailing address in the state. Additionally, it can not be the LLC itself.      

■ File Florida articles of organization: Filing the articles of organization document makes the business an official legal entity when it is accepted by the state. It is important that entrepreneurs take their time because if the document is incorrectly filled, they will have to redo the application. Some of the information on this form is made public, such as official name, contact information, and address. Entrepreneurs that would like to keep their information private can use a registered agent’s service as they will assist with the filing and use their details as a point of contact.

Final Thoughts

While the success rate of startups may be discouraging, entrepreneurs should not be deterred from following their dreams. By putting in hard work and research, they can turn their dreams into a lucrative reality.

Similar Stories