When a business venture reaches its natural end or a company decides to wind down its operations, you may need to consider dissolving your Florida Limited Liability Company (LLC). Dissolving an LLC in Florida typically involves three main steps. First, you must confirm the dissolution process under your LLC’s organizing documents. Then, you will need to settle any of...
In Florida, verbal business agreements are generally legally binding but can be more challenging to enforce and prove than written agreements. If you are a Florida business owner, you know some deals are best done with a firm word and a strong handshake. However, you should also know the laws on verbal business agreements to ensure these contracts are...
What should you do if you operate a state-licensed business and receive a letter from the Florida Department of Business and Professional Regulation (DBPR) alleging a complaint against you? Typically, these complaints claim that you violated a rule or law that covers businesses licensed by the DBPR. As a small business owner, handling the time and expense of enduring...
Injunctive relief, often simply called an “injunction,” is a legal remedy a party seeks in a civil lawsuit. It is a court order that requires a person or business to either do a specific action or to refrain from doing a specific action. Injunctive relief is typically sought when monetary damages are insufficient to right a legal wrong or...
Starting a new business is a stressful, time-consuming process. Even seasoned entrepreneurs understand that no company will be guaranteed success. However, Forbes reports that working with a business partner can increase your chances of success. A partner might bring experience, professional contacts, or much-needed funding. Nevertheless, you need to ask your partner the right questions to make sure they...
Dissolving an international business from a different country requires careful consideration of your business’s legal, financial, and operational position and the business regulations of the country where you are operating. The process can also vary depending on your business entity’s bylaws or operating agreement, the laws of your home country, and the foreign jurisdiction where your business operates. Dissolving...
Many entrepreneurs in the United States dream of growing an international business. Taking your talents overseas lets you tap into new markets, increase revenue, and build a strong reputation. But expanding a business outside the U.S. is no easy feat. Making just one mistake can ruin your growth plans. Worse, a misstep could end your domestic business activities altogether....
Closing a Florida business can be complex and challenging, especially when trying to do it from out of state. You must notify shareholders and employees about the closure and tell the Florida Secretary of State about your business’s dissolution. You will also need to handle a variety of administrative, tax, and legal tasks. This can feel very complex for...
Commercial leases can be a risky venture. Sometimes business does not go according to plan, and a commercial lease becomes a significant burden. If you are in this situation, you are likely wondering whether you can break a commercial lease in Florida. The answer depends on the particular circumstances surrounding the lease. Commercial leases in Florida are primarily governed...
Business cycles can severely affect the viability of a business. Sometimes the business environment shifts, and a previously successful company falls on hard times. When hard times come, some companies end up getting dissolved. Fortunately, even the difficult times are often temporary. A business strategy that was once not viable might suddenly become an outstanding opportunity. These situations can...