Florida, the Sunshine State, is the third-largest in the nation in terms of population and boasts miles upon miles of glamorous cities, beaches, and no state income tax. With more than 19 million residents, there are plenty of entrepreneurs in the state wondering what it takes to start a business. While there is some red [...]
If you’re considering moving your business from an LLC to a corporation, the process in Florida is relatively simple. But conversions frequently come with tax implications, which is why it’s a good idea to consult an experienced attorney before you convert your business. Why Would You Change Your Business Entity? Converting your company from [...]
The rental law in Florida is clear in how the relationship between landlords and tenants must progress. Landlords have the right to evict a tenant should they fail to pay the rent within a specified period, which is outlined in the leasing agreement. Failure to respond to an eviction summons or other official notices can [...]
Have you ever wondered if your company should use employment contracts with some or even all of your employees? It all depends on the type of contract and the type of employment relationship you wish to create. Typically, employers prefer to maintain their right to dismiss employees at will, and employment contracts can take [...]
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, [...]
