Limited liability companies, also known as LLCs, combine the benefits of corporations and partnerships into one business model. Members of an LLC can be added and removed for a variety of reasons. The terms of the operating agreement dictate nearly every aspect of your business, so including clauses for how to remove a member from an LLC is vital. ...
One of the first things many business owners decide when creating their business is the name. In certain scenarios, however, a business may need to change its name. In fact, this happens more often than you might think. Sometimes, you might discover another business with a confusingly similar name and decide to change your business’s name to better set...
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. Employment matters can be tricky. From hiring and termination...
If you have a business mindset and a passion for creating programs or services that impact and change lives, starting a nonprofit organization in Florida might be a good option for you. Nonprofit organizations are generally formed for charitable, religious, literary, educational, or scientific purposes. This type of business is also called a 501(c)3 and is eligible for federal...
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...