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Principal Law Firm News

2020 Guide To Estate Planning

2020-02-17T06:05:19-05:00February 24th, 2020|

When it comes to planning your estate, the conversations can be daunting. But they’re important to protect your future as well as your loved ones. While it’s not easy to predict the future, putting time into your estate planning can save relationships, resources, and ensure you leave a lasting legacy. Essential Florida Estate Planning Documents [...]

The Ins and Outs of Commercial Tenancy Agreements

2019-08-05T15:30:41-04:00August 12th, 2019|

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 [...]

How Do Nonprofits Handle Profits Legally?

2019-04-15T03:53:35-04:00April 22nd, 2019|

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. [...]

4 Ways You Can Get Your Tenant To Pay Back Rent

2019-03-04T12:59:28-05:00March 11th, 2019|

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 [...]

Small Business – How To Identify Loan Covenants

2019-02-18T02:45:42-05:00February 25th, 2019|

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, [...]

Dealing With Boundary Ownership Disputes In Florida

2019-01-19T13:40:06-05:00January 28th, 2019|

An argument over real estate property and boundary lines can cause a great deal of uncertainty. Perhaps you and your neighbor have different expectations in terms of boundary ownership. A common type of boundary dispute is called technical causes. When you are embroiled in a technical boundary dispute, it means your neighbor’s deed indicates possession [...]

The Short Sale Process for Financial Distress

2018-11-20T18:16:19-05:00November 26th, 2018|

Around the country, families are turning to different forms of debt relief to keep their properties and avoid bankruptcy. In the second quarter of 2018, more than 188,000 people filed for foreclosure. There’s no denying that foreclosure is traumatic for everyone, not to mention the fact that it can lead to a bad credit score. [...]

What You Need to Know About Being a Health Care Surrogate

2018-11-20T17:58:02-05:00November 5th, 2018|

It’s human nature not to want to plan ahead for things we’d prefer to avoid, like illness or death. Yet, 42% of Americans have a friend or relative the suffer from a terminal illness. There might just be a time when you need someone to step in and take care of your health care decisions. [...]

How To Get Result Orientated Solutions For Your Business

2018-11-20T17:39:10-05:00October 29th, 2018|

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 [...]

Do You Still Have To Pay Creditors When Filing For Bankruptcy?

2018-11-20T17:25:21-05:00October 15th, 2018|

What Is Bankruptcy? Bankruptcy is a method--put in place by federal law--for individuals and businesses to discharge their debts. Bankruptcy can be confusing as certain kinds of debts cannot be discharged, while other kinds may only be disposed of subject to special terms and conditions. If a person can prove that they are bankrupt, however, [...]

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