There are 30.7 million small businesses in the United States. Each year, people embark on their dream of owning their own company, and this number grows. It's an exciting and scary time as you venture into a new chapter in your life. To keep costs down, you start your business as a sole proprietor operating [...]
Anywhere from 36% to 53% of small businesses are involved in at least one litigation each year. While this may sound like a lot and an inevitable future for your business, it doesn't have to be that way. For many of these situations, the litigations could have been completely prevented and avoided with a clear [...]
As any rental property attorney will tell you, every investment comes with a certain amount of risk. Owning rental property can generate both monthly cash flow and long term growth. One way to ensure the success of your investment is to protect it. A rental property attorney can help you understand the risks and how you [...]
When you sell off an investment property and profit from its sale, the transaction is subject to capital gains tax in Florida. But with a 1031 like kind exchange, you can defer the taxes. That’s provided that you reinvest the entire sales proceeds into a like-kind investment. The IRC’s Chapter 1031 lends its name to [...]
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 [...]
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 [...]
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. [...]
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, [...]
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 [...]
