A contract for equity provides a powerful path to business success while preserving cash assets. Sometimes called an employee equity agreement, these contracts allow you to compensate employees—all or in part—by conveying an equity share in your business. Typically, employees will earn part of their compensation through a traditional salary. The rest is paid in increasing ownership shares in...
In Florida, an employee handbook lawyer can help you avoid costly legal battles with current and former employees. An effective policy manual defines your expectations and communicates what your employees can expect from you in return. When used correctly, your handbook provides managers and supervisors with the tools they need to do their jobs. Finally, should you find yourself...
Are you thinking of starting a joint venture in Florida? If you are considering a specific business opportunity with another person, a joint venture may be the best fit for you. A joint venture is any kind of business partnership formed between two or more individuals. These business partnerships are memorialized in a Joint Venture Agreement. People can form...
In a promissory estoppel situation, there are two parties who essentially acted as though there was a contract. These situations arise more frequently than you would think according to Business Disputes Attorney Michael Long. It happens all the time, where one or both parties act like a contract is done and settled before it actually is. In those cases...
What is Florida Benefit Corporation? A Florida benefit corporation is a relatively new entity that is available for companies that benefit the public. Under Florida state law, a Florida benefit corporation must have “a material, positive effect on society and the environment, taken as a whole.” This type of corporation was only recently created in Florida in 2014. The...
If you are considering selling your business, you may know that there are many steps involved. There are several things to do long before the parties execute a comprehensive contract. There are negotiations and preliminary documents. A letter of intent to sell your business is one of these preliminary documents. Though it may not be binding, the letter of...
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 represents business owners and employers. If you need assistance with a legal matter as an employee, please consult a firm that represents employees. A breach of contract in Florida occurs when one party...
Expanding into new states is an exciting opportunity if you’re an LLC owner with a growing business. But if you want to grow your business legally in the Sunshine State, you must complete the Florida foreign LLC registration process first, as the law requires out-of-state LLCs to register before conducting business in the state. Let’s look closer at the...
If you’re like many Florida business owners, you may view retirement with both excitement and misgivings. Even as you look forward to having more time to enjoy favorite activities, the idea of moving on from your livelihood can be anxiety-inducing. One option that allows you to step away and still experience the benefits of retirement is bringing family into...
If you’re new to commercial leasing, you’re probably quite amazed by the highly technical, meticulous nature of the contract. Leases for these spaces are very different from residential agreements, especially since landlords may require you to pay an amount in addition to your actual rent. This payment often covers taxes, maintenance, and insurance (TMI). When you find out that...