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 [...]
When it comes to renters, Florida has one of the highest populations in the country. Of the 19 million people living here, more than 2 million are renters. While the state boasts one of the largest populations of tenants, the landlord-tenant law in Florida is somewhat vague for landlords trying to get their rent. Knowing [...]
When your small business applies for a bank loan, and it’s approved, the loan agreement will likely contain loan or restrictive covenants. It’s simply a statement between lender and borrower stating that your small business can and can’t do certain things while you’re paying on the loan. If the bank considers your business high risk, [...]
Before you start a business in an industrial area in Florida, you need the proper licenses, permits, and regulations. While regulations vary from one industry to another, it’s important to understand the zoning and land regulations in the area where your business is to open. Failing to comply with regulations can result in a costly [...]
