Achieving nonprofit status for your business can be an arduous process. But what do you do if you realize your business would be better served as a for-profit? Converting a for-profit to a nonprofit is a relatively direct process. However, changing from a nonprofit to for-profit business in Florida can only be achieved indirectly. Whatever your reasons for switching...
A common way to protect your personal assets is to transfer your property to a limited liability company (LLC). The process is deceptively simple—you have to: In practice, transferring a property title to a Florida LLC is often much more complicated. Missteps or errors can lead to unintended consequences. You may end up with a much larger bill than...
Florida is home to over 500,000 limited liability companies (LLCs). If you own or plan to open a business, you must file a Florida LLC annual report. The State of Florida allows you to file this report online through a convenient form. However, many business owners don’t know how to complete this report or forget to file it altogether. ...
Creating a business can be a profitable and rewarding venture. However, many new entrepreneurs struggle with the legal aspects of starting a limited liability company (LLC). Ignoring or mishandling these matters can lead to lawsuits, lost money, and stress. Creating a Florida LLC operating agreement is an essential part of starting a business, but it doesn’t have to be...
Thanks to its favorable business climate, tax advantages, and high quality of life, Florida has long been an attractive destination for entrepreneurs and established companies. Are you considering moving a business to Florida? Several options are available to business owners, including business conversion, operating as a foreign entity, forming a new company, or merging with an existing corporation. Relocating...
It takes more than stopping all business operations in Florida to close a sole proprietorship. Businesses must meet state and federal requirements to close or dissolve legally. While the process can be complicated, it can be done successfully to avoid financial or legal problems. Below, the experienced business attorneys at BrewerLong explain the steps to closing a sole proprietorship....
When forming a limited liability company (LLC) in Florida, one of the critical decisions you’ll need to make is whether an LLC member vs. LLC manager will manage it. Understanding the distinctions between these two management structures is crucial for business owners. Members, managers, or a combination of both can manage an LLC. Here, we will explore the differences...
Employee contract negotiations can be a critical aspect of the working relationship between employers and employees as they establish the rights and obligations of both parties. Employers must carefully consider various contract negotiation aspects to protect their interests and maintain a productive workforce. Key factors employers should consider to safeguard their interests include compensation terms, restrictive covenants, and arbitration...
Opening a company up to shareholders has many benefits, including expanding your business and seeing it flourish. However, you also risk a shareholder lawsuit, allowing your shareholders to sue for harm related to improperly managing the company. At BrewerLong PLLC, our experienced corporate attorneys can help you not only respond to any brewing shareholder complaints but also take preventative...
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...