Are you thinking of licensing out something that you own, but aren’t sure about the various types of licensing agreements? There are a few ways to license intellectual property (or “IP”). To do so, you must first understand the different types of license agreements. Here, we’ll discuss what a license agreement is and how you can decide which is...
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...
Choosing the right structure for your business depends on your goals. When selecting an entity type, consider the formation requirements, liability protection, tax implications, and how you envision business operations and management. If you need help deciding what type of business structure is best for your organization, contact a business attorney. Limited Liability Company (LLC) An LLC is a...
What should you do if you operate a state-licensed business and receive a letter from the Florida Department of Business and Professional Regulation (DBPR) alleging a complaint against you prompting a DBPR investigation process? Typically, these complaints claim that you violated a rule or law that covers businesses licensed by the DBPR. As a small business owner, handling the...
Your business’s intellectual property (IP) can be its most valuable asset. Customers buy your patented gadget because it is one of a kind. Buyers look for your trademarked logo because they trust your products to be high quality. Or maybe you create books or music or video games, in which case your copyrights are vital to your financial success....
As more business owners strive to protect their interests and investment in intellectual property, Florida nondisclosure agreements (NDAs) are becoming more common in the corporate world. Computer programs, code, trade secrets, customer information, and related assets have value, so it’s important to keep them out of the hands of your competitors. However, state law on restraints of trade does include some...
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. It can be very frustrating when your employee makes...
Business clients frequently ask if they can structure multiple businesses under one limited liability company ( LLC) and whether it’s a good idea. Generally, the answer is yes, and it depends. How you should structure multiple businesses and whether it’s a good idea depends on your business goals. The advantages of having multiple companies under one LLC include increased...
The consequences can be severe when a business partner starts sabotaging business operations. Sabotage can take many forms, from financial misconduct and withholding key information to damaging the company’s reputation or deliberately disrupting operations. These actions can lead to significant financial losses and long-term instability if they go unchecked. Quickly addressing sabotage is crucial to protecting your business and...
We hope it all goes well when we enter into a business partnership with another person. Generally, we select people we know and trust to do business with. We trust they will consider the company’s and your best interests. Unfortunately, human relationships are challenging. People in a business partnership can butt heads and disagree about the direction of the...