Business Expenses to Consider
This information is provided for general informational purposes only and should not be relied upon as legal interpretations by the Office, shall not supersede any part of the Florida Statutes or Florida Administrative Code, and does not constitute legal or financial advice. The Office does not endorse any third-party or guarantee the accuracy of any third-party information linked to or referenced herein.
Every new business endeavor needs funding to become a reality. In the beginning, funds are typically used to provide working capital for a business launch or to sustain and develop initial operations. Often, a company needs the most financing in its early stages. If you plan to seek financing to start or expand a business, increase your likelihood of eligibility by understanding what expenses you are seeking funding for and be able to clearly communicate these needs.
Some business expenses you may want to consider:
- Education or Training
- Market Research
- Product Development
- Business Consultation Expenses
- Product Copyrights and Patents
- Bookkeeping and Infrastructure Software
- Equipment and Supplies
- Office Space
- Communications
- Licenses and Permits
- Insurance
- Inventory
- Marketing and Advertising
- Utilities
- Employee Salaries
- State, Federal, and Local Taxes
- Overhead Costs
- Operation Costs
- Supply Costs/Inventory
- Accounting/Financial Auditing Costs
- Legal Costs
- Continuing Education
- Facility and Equipment Maintenance
Visit the U.S. Small Business Administration’s online resources for more information on identifying and calculating business startup costs.