In Florida, there are 3 basic types of commercial tenancy agreements. The leases are organized around two methods of rent calculation, namely gross and net. A net lease has a smaller base rent and the tenant pays all other expenses. A gross lease means the tenant pays a lump sum for rent and the landlord [...]
Banks make money by giving out loans at certain interest rates. The bank’s profit comes from the return it makes on those loans. Businesses need capital to fund their operations, but not all businesses have the cash to cover their expenses. Commercial loans offer a viable funding solution. Think of these loans as a [...]
If you’re thinking of starting a business in Florida, there are different legal structures to consider. Each structure has its own pros and cons. If you’re starting up a business with other people, though, you might want to consider forming a partnership. Within our state, there are four different kinds of registered partnerships for business [...]
A contract is an agreement two parties make. With a contract, one party decides to provide goods or perform a service in exchange for either monetary payment or other services or goods. You can form a contract when there is an offer and an acceptance between you and the other party. Sometimes, an offer of [...]
In most cases, operating a business from your home isn’t legal. Most U.S. laws limit the locations and under what conditions a business can operate. Yet, if every illegal home-run business in the country were shut down, millions of companies would be impacted, the economy would suffer a major blow, and the country could [...]
Escrow is a fact of life for many people, especially mortgage escrow accounts. Often, your escrow account simply runs in the background. You might not give it a second thought unless something goes wrong. You make your mortgage payments, some of it goes to the lender, and the other goes to the escrow service. Eventually, [...]
Buying a house is daunting. The entire process can be complicated. It’s also a process many people aren’t prepared for. There are so many different elements to buying and selling a property. From the home inspection and an offer to getting a mortgage approved, there’s a lot involved. One of the hardest elements to get [...]
Nonprofit organizations often find it difficult to generate enough funding to stay above water. Especially in today’s challenging financial times. One strategy nonprofit companies employ to generate income is through for-profit ventures. It’s certainly a do-able arrangement. However, both federal tax codes and the law place limits on how nonprofits can coordinate with for-profit businesses. [...]
Losing your tax-exempt status could have severe consequences for your nonprofit organization. Whether you are a member of staff or sit on the board of a nonprofit, it’s important to familiarize yourself with tax-exempt status and what could put that status at risk. Below, we outline 5 ways you can keep your tax-exempt status safe [...]
As a parent, you’ve probably thought about what will happen to your child should you no longer be able to care for them or yourself. But have you considered a pre-need guardian? Having a pre-need guardianship document drawn up in the event of something affecting yourself and your property is an important parenting step. It’s [...]
