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...
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...
Starting a small business can be an exciting and rewarding endeavor. However, it’s crucial to establish clear guidelines on how profits will be divided to ensure fairness and avoid potential conflicts down the road. So, how do you split profits in a small business partnership? To ensure fair profit splitting, you must have a well-drafted partnership agreement and take advantage...
When a business venture reaches its natural end or a company decides to wind down its operations, you may need to consider dissolving your Florida Limited Liability Company (LLC). Dissolving an LLC in Florida typically involves three main steps. First, you must confirm the dissolution process under your LLC’s organizing documents. Then, you will need to settle any of...
In Florida, verbal business agreements are generally legally binding but can be more challenging to enforce and prove than written agreements. If you are a Florida business owner, you know some deals are best done with a firm word and a strong handshake. However, you should also know the laws on verbal business agreements to ensure these contracts are...
Starting a new business is a stressful, time-consuming process. Even seasoned entrepreneurs understand that no company will be guaranteed success. However, Forbes reports that working with a business partner can increase your chances of success. A partner might bring experience, professional contacts, or much-needed funding. Nevertheless, you need to ask your partner the right questions to make sure they...
Dissolving an international business from a different country requires careful consideration of your business’s legal, financial, and operational position and the business regulations of the country where you are operating. The process can also vary depending on your business entity’s bylaws or operating agreement, the laws of your home country, and the foreign jurisdiction where your business operates. Dissolving...
Many entrepreneurs in the United States dream of growing an international business. Taking your talents overseas lets you tap into new markets, increase revenue, and build a strong reputation. But expanding a business outside the U.S. is no easy feat. Making just one mistake can ruin your growth plans. Worse, a misstep could end your domestic business activities altogether....