If you are planning to start a business in Monroe County, Florida, there are some important basics you need to know. Here’s a handy resource guide for Monroe County entrepreneurs.

Monroe County Occupational Licenses

If you need an occupational license in Monroe County, you can obtain one at 88800 Overseas Highway in Plantation Key. Call (305) 853-7350 for more information about obtaining a Monroe County occupational license.

Florida Occupational Licenses

In addition to a Monroe County occupational license, you might also be required to obtain an occupational license from the State of Florida or a Certificate of Competency from the State of Florida. This could require that you undergo special training and testing too, depending on the nature of your business.

Monroe County Sales Tax

In addition to the six percent state tax that is required by the State of Florida, Monroe County has a 1.5 percent county sales tax. It also has a 3.5 percent “bed tax” for resorts in Monroe County, motels in Monroe County and hotels in Monroe County. If you need a tax ID number still, you can get an application for a tax ID number from the Florida Department of Revenue at 3118 Flagler Avenue in Key West. You can get more info on this by calling (305) 292-6735.

Workers Compensation For Monroe County Businesses

How do you know if you have to carry worker’s compensation insurance in Florida? Well, if you’re opening a business in Monroe County and you employ three or more people you have to carry worker’s compensation insurance. Keep in mind that corporate officers are considered employees for the purpose of worker’s compensation requirements in Florida. You can speak to someone in person about this if you head on our to Miami. The Florida Department of Commerce Bureau of Worker’s Compensation is located at 401 N.W. 2 Avenue in Miami. You can also call them at (305) 377-5413.

Registering A Monroe County Business With A Fictitious Name

If you use any name other than your own name as the name of your business, you will need to register a fictitious name. This is a requirement under Florida’s Fictitious Name Act. Check with Monroe County Licensing Office at 88800 Overseas Highway in
Plantation Key or call them at (305) 853-7350.

Unemployment Insurance Tax

If you employ one or more employees for 20 weeks or if you paid $1,500 or more in gross wages, you will need to pay the unemployment insurance tax. Keep in mind that a corporate officer is considered an employee. The tax is assessed at the rate of 2.7 percent on the first $7,000 of every employee.

Businesses For Sale In Monroe County

If you know you’d like to own a business in Monroe County, you RE/MAX Keys Connection’s owner and broker Curtis Skomp is one of South Florida’s top commercial real estate brokers and an outstanding resource. His service area includes Key West, Big Pine Key, Marathon, Islamorada, Key Largo, and all of unincorporated Monroe County.

Florida Trend: A Resource For Starting A Business In Monroe County

Hot Key West Business Opportunities

101600 Overseas Highway $20,000,000

101600 Overseas Highway KEY LARGO, Florida

3 Beds 3 Baths 3,717 SqFt

139 Seaside Avenue $10,500,000

139 Seaside Avenue KEY LARGO, Florida

5 Beds 7 Baths 6,740 SqFt

517 Duval & 518 Bahama Street $7,000,000

517 Duval & 518 Bahama Street KEY WEST, Florida

4 Baths 7,854 SqFt

112 Bounty Lane N $5,990,000

112 Bounty Lane N KEY LARGO, Florida

5 Beds 5 Baths 4,822 SqFt 0.250 Acres

3428 Roosevelt Boulevard N 1,2,3,4,5,6 $5,499,000

3428 Roosevelt Boulevard N 1,2,3,4,5,6 KEY WEST, Florida

7 Baths 8,046 SqFt

3574 Overseas Highway 1-7 $4,800,000

3574 Overseas Highway 1-7 MARATHON, Florida

5 Beds 4 Baths 7,706 SqFt

100099 Overseas Highway $4,749,000

100099 Overseas Highway KEY LARGO, Florida

2 Baths 4,680 SqFt

30770 Overseas Highway $3,995,000

30770 Overseas Highway Big Pine, Florida

12,560 SqFt

919 - 921 Duval Street $3,750,000

919 - 921 Duval Street KEY WEST, Florida

9 Beds 6 Baths 4,173 SqFt

10 Ocean Drive E $3,299,000

10 Ocean Drive E MARATHON, Florida

5 Beds 3 Baths 2,832 SqFt 0.290 Acres

101350 Overseas Highway $3,250,000

101350 Overseas Highway KEY LARGO, Florida

2 Baths 6,674 SqFt

770 107th Street Ocean $3,200,000

770 107th Street Ocean MARATHON, Florida

33,977 SqFt

770 107Th St Ocean $3,200,000

770 107Th St Ocean MARATHON, Florida

1110 White Street $2,499,000

1110 White Street KEY WEST, Florida

6 Beds 6 Baths 3,657 SqFt

352 Seaview Drive E $2,300,000

352 Seaview Drive E Duck, Florida

2 Beds 3 Baths 1,944 SqFt 0.190 Acres

Are You Looking for Commercial Property in the Florida Keys?

Use our site to search commercial real estate in Key West and all of the Florida Keys. Unlike the “big name” sites out there, our site is directly connected to our local MLS and is updated with new properties every HOUR. By creating a Property Manager account you can stay on top of the newest businesses that go up on the market and get Price Change alerts so you can stay ahead of other buyers and beat them to the best deals!
In the meantime, check out these 1-click searches:

Newest Key West Commercial Properties on the Market

Explore the possibilities at 1900 Staples Avenue, a mixed-use property blending residential with commercial potential. This property includes a 2-bedroom, 1-bathroom house designed for practical living. Complementing the residential space are three small commercial units, offering versatility for various business endeavors. Conveniently located on the corner of Staples & First Street, the property provides great visibility and accessibility with a First Street address as well. Rare Key West Mix-use opportunity. $1,600,000 Active

1900 Staples Avenue KEY WEST, Florida

2 Beds 2 Baths 1,749 SqFt

An exceptional mixed-use property situated in Stock Island's center, this property features 2 commercial spaces and 2 apartment's, presenting a distinctive chance for investors or those seeking their own business space. Spanning over 12,000 square feet, ample storage is available in addition to a 1-bedroom/1-bathroom and a 2-bedroom/2-bathroom layout upstairs. Kindly refrain from disturbing the current tenants or ongoing business operations; a minimum notice of 48 hours is required for showings $1,999,999 Active

5730 2nd Avenue Stock Island, Florida

3 Beds 4 Baths 3,674 SqFt

Professional Friendly Business Environment, hard to find large office space in Stock Island, Unit A offers 1,627sf of space on the 1st floor with large windows and private bathroom. Elevated, concrete structure with 3 reserved off street parking. Price quoted is base rent only, not quoted is sales tax and additional $200.00 per month for utilities. $3,500 Active

5570 3Rd Avenue A Stock Island, Florida

1 Baths 1,627 SqFt

Newtown office space for lease with parking, private rear entrance from Riviera Drive.Good condition, reception area, private office and private bathroom. $1,650 Active

3208 Flagler Avenue 2 KEY WEST, Florida

1 Baths 4,021 SqFt


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