A promissory note is a written document that formalizes a promise to pay someone. If you want to lend or borrow money, you need a promissory note. Purpose of Florida Promissory Notes Florida promissory notes establish a clear, legally enforceable record of a loan and obligation to repay. Casually lending a small amount of money to a family member...
There are many options available if you want to start a business. The most common way is to set up a sole proprietorship. Florida business owners can start a sole proprietorship very easily. Keep in mind, however, that there are important pros and cons to consider. Depending on the type of business, a sole proprietorship in Florida may not...
Businesses registered in Florida, whether they are LLCs, corporations, or something else, may occasionally need a certificate of good standing. Fortunately, to get a certificate of good standing, Florida businesses need only complete a few simple steps. What Is a Florida Certificate of Good Standing? Simply put, a certificate of good standing, also called a certificate of status, serves...
Delaware has been known as the state whose laws provide the most flexibility and have the most protections for corporations, limited liability companies, and limited partnerships. In recent years, other states have begun to take notice and become more corporation-friendly. One of those states is Florida. If you are a business owner, deciding on incorporating in Florida vs Delaware...
At a certain point in its lifecycle, expanding a corporation into other states may be necessary for continued growth. If you’ve thought about becoming a foreign corporation doing business in Florida, however, you should be aware of how the state treats out-of-state corporations. Florida requires out-of-state businesses to register in Florida before they can engage in any business transactions....
Every business will need to consult a lawyer at some point. Whether you are forming a new business, operating an established business, or winding up a business, you can benefit from the advice of an experienced business lawyer. Many business owners wait to consult a lawyer until they are actually involved in a legal dispute. This is a big...
Please note this blog post is written for employers, although we understand it may be of interest to employees as well. At this time, our firm only represents business owners and employers. If you need assistance with a legal matter as an employee, please consult a firm that represents employees. Contracts are important legal documents that bind businesses and...
You have a great business idea and need time to bring it to fruition. In the meantime, you may wonder how to protect a business idea and ensure your future success. Unfortunately, many fail to take reasonable steps in protecting a business idea from competitors and lose their rights, even as the original creator. How to Protect a Business...
Going through a divorce in Florida is an emotional and stressful process. If you currently operate a successful LLC, you may wonder how Florida law impacts divorce and your LLC business. Consult with a family law attorney to discuss the consequences of divorce for an LLC as Florida requires division of the marital property at the time of divorce....
Business relationships, like other kinds of relationships, can be complicated. And just like other relationships, business relationships sometimes come to an end. When one or multiple partners want to dissolve their business relationship, it is in their best interest to do so amicably. If one partner is trying to force another partner out, they will have to follow procedures...