Closing a Florida business can be complex and challenging, especially when trying to do it from out of state. You must notify shareholders and employees about the closure and tell the Florida Secretary of State about your business’s dissolution. You will also need to handle a variety of administrative, tax, and legal tasks. This can feel very complex for...
Business cycles can severely affect the viability of a business. Sometimes the business environment shifts, and a previously successful company falls on hard times. When hard times come, some companies end up getting dissolved. Fortunately, even the difficult times are often temporary. A business strategy that was once not viable might suddenly become an outstanding opportunity. These situations can...
In the historic heart of St. Louis lies the Fabulous Fox Theatre, a cultural crown jewel dating back to the late 1920s. Long treasured for its rich history, elaborate architecture, and the live performances it hosts, the theatre was once one of the largest cinemas in the United States, with over 5,000 seats. However, the theatre has recently taken...
Florida is home to white sand beaches, beautiful coastlines, and some of the biggest companies in the world. As of the most recent tally, Florida is also home to approximately 22 million people or 7% of the U.S. population. But despite the beautiful landscape and robust population, Florida struggles with significant cybercrime. According to the FBI, there were more...
In nature, a group of stingrays is called a fever. However, it is unclear whether scientists have yet assigned a name for the group of lawsuits coming fast and furious at Tampa Bay Rays principal owner Stuart Sternberg, who was sued for the third time in less than three years by a group of minority owners. The most recent...
Rap icon and entrepreneur Jay-Z finally settled a dispute between his company, SCLiquor, LLC, and Empire Investments, Inc. (a subsidiary of Bacardi, Inc). The business ownership dispute began when Jay-Z proposed an agreement for Bacardi to buy out his interest. The controversy centered around Jay-Z’s valuation of the company and Empire’s refusal to turn over vital financial records. Jay-Z...
The recently resolved business ownership dispute between Shari Glazer and Aptos Labs brings home an essential but often overlooked piece of legal advice: putting everything in writing. There’s an adage among lawyers that if it’s not in writing, it didn’t happen. Unfortunately, Shari Glazer learned that lesson the hard way during her legal battle with Aptos Lab (Matonee, Inc.)...
A dispute over ownership of a private business can arise in various contexts. Owner disputes are common in small businesses where owners may find themselves at odds over management styles, equity percentages, or the company’s future. Because business owners can have a lot of their personal capital tied up in a company, a dispute over ownership of a private...
Most entrepreneurs begin their partnerships with the intention of their businesses lasting for many years, if not a lifetime. However, not all partnerships mature into successful business ventures. This can be due to various factors—often beyond the partners’ control—such as lack of access to sufficient capital or absence of a market for the partners’ product. In these cases, partnership...
Deciding to dissolve your partnership and close your business is one of the most challenging decisions you will face in your career. Closing shop is not only stressful for you as a business owner and partner, but it can also weigh on you as you consider the effects on customers when ending a business partnership. However, with the right...