CONSULTANT LAKE NONA: PLANNING A NEW BUSINESS

Lake Nona attracts people with big plans. Many moved here for work around Medical City or to raise a family in neighborhoods such as Laureate Park and VillageWalk, and then saw a local need they could fill. If you are thinking about starting a business here, a little planning can help you avoid some costly surprises.

Questions to answer before you open

• What structure fits? A sole proprietorship, LLC and corporation can have very different tax results.
• What taxes will apply? You may need to consider federal taxes, Florida sales and use tax and payroll taxes.
• How much cash do you need? A simple forecast can show how long your funds may last.
• How will you track money? Setting up good records early is much easier than fixing them later.

Support after opening day

Your needs will change as you grow. Fajardo & Associates can stay involved as your consultant and tax consultant, adding bookkeeping, accounting or QuickBooks help as they become useful. You can customize the package of services you receive, so you only use what your business needs.

Talk to a CPA who serves Lake Nona. Call Fajardo & Associates at 407-720-7220, or send us a message. Our Orlando office is at 7380 W. Sand Lake Road, Suite 500.