When you start your LLC, it is unlikely that you envision yourself leaving the business. Similar to a marriage, you may expect a perfectly harmonious relationship for the foreseeable future. However, as time progresses, you may find your vision for the LLC has changed, or perhaps a member has found a more profitable opportunity they wish to pursue. The...
When you start your business partnership, you and your partner may have the same goals. However, unexpectedly, relationships may sour. Perhaps your partner undertook actions that undermined the company’s reputation and damaged business. In some situations, the only resolution to the conflict is suing your business partner. Consult with an experienced business lawyer to determine how to sue your...
If a relationship with a shareholder fails to work out, the removal of that shareholder from your business or corporation is possible. Complications may arise when undertaking the removal of a shareholder. “Removing a shareholder from a corporation is often contentious. Even when a shareholder agreement can be removed, doing so can give rise to lawsuits.” Business & Litigation...
Purchasing a new business can be an exciting prospect. However, it is also a complicated one. “The Asset Purchase Agreement is the most important tool for making sure a business buyer not only gets the assets to operate the business but also gets protection against undisclosed surprises that might affect the business’s value.” Business Attorney Trevor Brewer If you...
There are different reasons why an LLC, or limited liability company, would close. Sometimes members may wish to retire and have no desire to continue the LLC. Perhaps market growth has slowed significantly, and it is unprofitable to continue operating the LLC. Whatever the reason, correctly dissolving a state-registered entity like an LLC requires multiple steps. Failing to close...
If you are considering buying a Florida business, it is important that you do your research. The seller may be required to disclose certain information. However, it is ultimately up to you as the buyer to do your due diligence and make sure the business is a sound investment. Buying a business in Florida can be a complicated endeavor....
When you started your business partnership, everything was going great. You and your partner had a great working relationship and envisioned the same goals for your business. However, now it appears you and your partner are moving in different directions, and you may be considering getting out of your business partnership. “Ending a business partnership can be as challenging...
Operating a business encompasses a lot of things and nearly every aspect requires attention. One of the most important is how potential customers view and recognize your business. A trademark is one way to set your business apart from others. Multiple benefits exist upon deciding to undertake a Florida trademark registration. Companies must always be aware of imitators seeking...
Under Florida law, a business is generally not required to pay severance to a terminated employee. The U.S. Department of Labor generally does not require employers to offer severance pay. However, the existence of an agreement outlining severance terms creates a legal obligation to satisfy those terms. What Is Severance Pay? Severance pay is compensation an employer provides to...
Electing to be treated as an S-corp offers many benefits to both the business and the owner in Florida. An S-corp election may save money for your business especially when business profits are greater than your reasonable salary. Determine whether an S-Corp election is right for you and contact the qualified business attorneys at BrewerLong today! Making an S...