Small business owners know that running a business in Florida can be a complex matter. It all depends on the services or goods you offer and how the business is structured. No matter how easy or difficult it seems in theory, there is a web of legal issues to consider as a Florida small business [...]
Despite its name, a Florida buyout agreement isn’t about buying or selling a company. Rather, it’s a binding contract drawn up between business partners detailing future ownership of the company. It’s one of the strongest ways to define how the business will be transferred in the event of disability or death. What to Include in [...]
As a business owner, you’ll be faced with numerous important decisions, and that includes what business structure to form. In America, you have the choice to form a limited liability company (LLC). What Is An LLC? An LLC is a type of business that combines a number of features of partnership and corporation structures, but [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
