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 [...]
An attorney opinion letter is a formal piece of advice or an expression of judgment. It’s based on a professional’s expert knowledge. An opinion letter mostly refers to a document that contains an attorney’s understanding of the law. Whether you want to avoid costly litigation or correctly navigate your way through a current lawsuit, you [...]
With starting a new business comes optimism and hope. Dissolving a business, though, might or might not be a positive affair. It’s true that formally closing a business, in some cases, may just mean it’s time to move on to something else. Sometimes, though, a business has no other option but to end operations when [...]
Isn’t “Results Oriented” A Buzzword? What does it mean to be “results oriented?” On the surface, it sounds like a click bait phrase employed to make a simple idea--focus as a positive quality--into a multi-syllable buzzword. Unfortunately, a lot of so called professional blogs, sites, and social media pages are very “results oriented” when the [...]
