Operating a customer-facing business has many benefits, allowing you to create unique relationships with the people you provide services to. Unfortunately, those relationships bring the risk of customer lawsuits. Thankfully, there are many ways to reduce the risk, from how you set up your business to how you respond after a lawsuit runs its course.Whether you are just getting...
Contracts are the lifeblood of business and personal agreements, and they come in various forms, including written and oral contracts. The validity and enforceability of oral contracts and oral contract modifications are essential legal considerations. Are oral contract modifications valid in Florida? Courts can enforce oral contract modifications in Florida, but the validity of these modifications will depend on several...
Starting a small business can be an exciting and rewarding endeavor. However, it’s crucial to establish clear guidelines on how profits will be divided to ensure fairness and avoid potential conflicts down the road. So, how do you split profits in a small business partnership? To ensure fair profit splitting, you must have a well-drafted partnership agreement and take advantage...
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...
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...
When entering a commercial lease for a property in Florida, it is essential to understand the contractual relationship you are entering into fully. Part 1 of the Florida Landlord and Tenant Act governs commercial leases. Florida strictly enforces these leases and does not give tenants as easy a way out as some other states. Landlords, too, have a great...