Florida is consistently ranked among America's top states for business, coming in fifth last year. This strong business climate is a key contributor to the state's thriving economy—Florida boasts the fourth-largest economy in the United States, with a gross state...
Running a business is an exciting endeavor, but it comes with immense responsibility—especially when it comes to corporate governance. Florida's regulatory landscape can be daunting, as the state enforces specific laws and requirements that impact how businesses...
You may have the talent, skill, and vision to establish your new company. However, there are a range of legal considerations in business formation. As an entrepreneur, you must be as conscientious about legal matters as you are about marketing, operations, hiring, and raising capital. To ensure that you meet all your legal obligations, you should retain the services of a law firm that specializes in working with startup companies.
Much has been written about the Corporate Transparency Act (the CTA) in anticipation of its effective date of January 1, 2024. There are several important aspects of the CTA that Florida businesses should be aware of and consider. Florida businesses should...
Investopedia defines Corporate Governance as “the system of rules, practices, and processes by which a firm is directed and controlled”. Getting a little further into the weeds, the Harvard Business Review identifies two long-standing descriptions of what a...
Every business owner needs to have a plan in place for how their interest in the business will be allocated or sold in the event of disability, death, retirement, divorce, dispute, or in the event that they simply no longer want to be a part of the business. Enter the...
Operating Agreement (also known as an LLC Agreement): 10 Commonly Asked Questions and Answers Whether an operating agreement or LLC agreement needs to be in writing? No. An operating agreement does not need to be in writing. However, it is strongly suggested that an...
If you're in the process of drafting a shareholder agreement for your company, you've made a wise choice. The contract will be instrumental in outlining the rights and responsibilities of each shareholder and director, as well as the running of your company. A...
Forming your business is one of the most important decisions you will ever make – and the structure you choose can determine a lot. From how you will pay taxes to your liability and growth options, you need to pick the right structure from the start. When comparing an...
The Florida Revised Limited Liability Company Act became effective at the start of this year -- have you adjusted your LLC to meet its new guidelines? LLCs already existing as well as those newly-formed must abide by the conditions, but fortunately they can submit a...
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