When you sell off an investment property and profit from its sale, the transaction is subject to capital gains tax in Florida. But with a 1031 like kind exchange, you can defer the taxes. That’s provided that you reinvest the entire sales proceeds into a like-kind investment. The IRC’s Chapter 1031 lends its name to [...]
End of life issues are complex. It’s no wonder many of us avoid making decisions about how things will be handled. It’s a difficult and uncomfortable subject. But, you do need to think about how you’d like your final days to play out – for your own comfort and your loved one’s well-being. At the [...]
If you’re thinking of starting a business in Sanford, there are a few things you need to know. Being an entrepreneur is demanding, so you’ll need to consider if you have the skills and stamina for your startup. Starting a Business in Sanford A business must be formed as a legal entity. It should be [...]
Planning your estate is more than drafting a trust or will. In fact, there are several essentials you need in place. Below are 5 important things to prepare when it comes to planning your estate. A Letter of Instruction This is a letter for people to read when you pass. It should include information such [...]
Before you can finance or purchase a property, you need to ensure the seller has the right to sell it. It may sound unnecessary, but there are a few reasons to consider a title search before you close the deal. What Is a Title Search? This involves going through the public records. The point is [...]
In the state of Florida, a commercial lease agreement gives the landlord important paperwork to enter a rental agreement on his or her property. Commercial leasing is more complicated than a residential lease. It calls for careful handling during negotiations. Before you enter into a commercial lease agreement, you need a thorough understanding of what [...]
Zoning laws dictate what type of structure may be built. They also stipulate if an existing property can be repurposed, or whether an existing structure can be replaced or not. Even if these aren’t changes that you’re thinking about, you might know someone who is. Understanding your local zoning laws will ensure you get the [...]
Everybody should have some sort of estate plan. But it’s something that should be tailored to your needs. Below, we’ve outlined the most important elements to add to your estate planning. Use it as a checklist when you’re ready to make your plans. Choose a Guardian for Minors As a parent, your children are your [...]
Local governments make use of zoning to protect the community’s health and safety while encouraging growth. Zoning laws, sometimes called land use regulations or zoning ordinances, also regulate the features of a building, along with the required setback from the street. Different Zoning Laws for Different Businesses Zoning laws aren’t quite like the weather or [...]
.With more brick-and-mortar businesses struggling, commercial landlords have a lot on their plate. Commercial landlords in Downton Sanford face lengthy and complex evictions if their tenants can no longer pay the rent. Fail to conduct the eviction properly along with strict Florida leasing laws can impact a landlord’s remedies. To help limit the loss of [...]
