Financial Services Firms provide financial planning, money management and investment advice. Because people rely heavily on the advice of financial services professionals, firms are required to be licensed at both federal and state levels. Of course, local businesses licenses are usually required as well.
Sarasota welcomes entrepreneurs to its white sand-lined shores. City and county licenses are kept at a bare minimum while most regulation is performed by Florida. Local entrepreneurs operating food, education, and certain personal service businesses face the most regulation. Additionally, local businesses pay license fees to state, county and city governments. Sarasota's economy is fueled largely by tourism, the arts and spending by retirees which in turn has fueled real estate development and construction. The beautiful, tropical community is known for its theater, dance, and music companies. Sarasota does not have many other major industries.