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Starting a new business partnership is an exciting milestone for every business owner. But before you set sail, there is an essential document you need to examine: the contract. This document defines your relationship, sets expectations and protects your interests....
As a business owner, you constantly look for new ways to expand your company and innovate. You've likely heard the terms "merger" and "acquisition,” but what do they mean for your business? Understanding these concepts is crucial in making strategic decisions that can...
Leaving a company is inevitable in any professional’s life, whether it’s because of retirement, career change or personal reasons. It’s the same for business partners, but their exit may impact the company more than others. That is why planning for it is crucial in...
Business acquisitions often create anxiety among employees. As a Florida business owner facing an acquisition, you're probably wondering how to keep your team steady during this transition. You can craft a plan to minimize disruptions by grasping the impact on your...
Every business owner dreams of building a lasting legacy. You've poured your heart and soul into your company, but have you considered what will happen when you're no longer at the helm? Succession planning is a crucial step that can keep your business thriving long...
Understanding federal and state laws is crucial for successfully planning a Florida merger or acquisition (M&A). This guide outlines the primary legal considerations to ensure a smooth transaction. Due diligence As with any business move, due diligence ensures...
In the world of business, the classification of workers plays a crucial role in determining the rights, benefits, and obligations of both parties involved – the employer and the worker. Misclassification can lead to legal complications, financial penalties, and can even damage the reputation of a business. On January 10, 2024, the Department of Labor published a new Final Rule…
A buy-sell agreement is a legal contract between the owners of a business that outlines how the ownership interests of the business will be transferred in the event of one of the owners’ death, disability, retirement, or other unforeseen event. Buy-sell agreements are important for a number of reasons, including: They provide a way to ensure that the business can…
When May a Member of an LLC Take a Salary Under Federal Law? When considering whether to make a small business or corporate election (both of which require an affirmative election) or leave your LLC as a pass-through or allow it to be taxed as a partnership (the defaults), the organizer(s) should consider whether they may wish one or more…
How Much Does a Lawsuit Cost, Anyways? In Florida, there are three court systems, each of which has its own cost structure. There are the small claims courts, county courts, and circuit courts. If you are the Plaintiff, the filing fee for each is different: $55 – $300 (Small Claims) $300 (County Court) $400 (Circuit Court) Additionally, the Clerk of…