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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…
Our reputations, and the reputations of our businesses, are valuable assets. We must protect and preserve them just as we do any other valuable asset, and Florida law recognizes damage to reputation as a a form of consequential injury sustained by a plaintiff. In some cases, showing damage to your reputation is presumed. For example, in some forms of libel…
The word “tort” comes from French word for “wrong,” a civil wrong or wrongful act, whether intentional or accidental, from which injury occurs to another. Therefore tort law is one of the major areas of law (along with family, contract, real property and criminal law) and results in more civil litigation than any other category. When we think about tort…