Circumstances in life can change instantly, leaving your family business hanging in the balance. To survive and succeed, you should have a business succession plan in place. Estate planning for your family business is about preparing for continuity and future ownership when situations like an illness or sudden death occur. Unfortunately, only 34% of family businesses have a concrete...
As a Florida landowner, you want to be able to use your property for what you want. However, zoning laws often get in the way. Zoning laws are local rules that place limits on what property owners can do with their land. These laws can be very helpful to landowners by preventing things like factory owners attempting to set...
Florida entrepreneurs know that residents and tourists alike love the nightlife. This means that Florida bars and restaurants typically have to serve alcohol to keep up with the tastes and demands of their clientele. Business owners, therefore, try to invest in lucrative liquor licenses. These licenses allow you to sell beer, wine, and hard liquor. The type of license...
At some point, business success can cause good problems. For example, when your business has expanded into another state, this is a good “problem” to have! But it does raise some questions, like, Can I live in one state and own a business in another? You may also choose to live in one state but operate your business out...
Litigation attorney Mike Long successfully handled a case in which a trust account was grossly mishandled upon the death of the client’s father by the client’s former stepmother. Background of the Case The client’s ex-stepmother held the role of trustee for the trust fund while also being a beneficiary alongside the client and the client’s mentally handicapped sister. The...
Your business relies on commercial relationships to support its operations and to sell its goods and services. Whether that relationship takes the form of an order for goods from a customer or a set of software services from an IT specialist, it is usually memorialized in a written contract. You are entitled to rely on these executed contracts, and...
A core skill set of any business person is deciding how to invest the time and resources of a business. Balancing risk assessment and return on investment follows closely behind. To memorialize these activities, businesses rely on contracts. Contracts are the backbone of commercial activity. When a contract is breached, a new set of considerations arise—the first being whether...
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. As a business owner or officer, you know that...
How useful a lawyer can be to your business depends on how you use them. The common view is that lawyers are expensive annoyances that are a “necessary evil” in doing business. However, in this guide, we will show you how to best utilize a business lawyer and the top five reasons why they are particularly important in the...
The good news is you are reading this because you have given serious thought to the legal form of your business. The law offers multiple entity options through which you can operate your business, and choosing the right one now will help you avoid a disruptive and costly conversion in the future. The bad news is that the classic...