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...
When one party fails to live up to their part of a mutual agreement, it’s called a breach of contract. This breach can leave the other party facing unexpected costs or losses, but they may have the option of taking legal recourse. But here’s the catch: the party affected by the breach can’t just sit back and let the...
Understanding the different types of damages for breach of contract law is crucial for anyone involved in a contractual dispute. Knowing what damages to claim ensures that the non-breaching party is adequately compensated and their legal rights are protected. Let’s look at the five primary types of damages in breach of contract cases under Florida law. Handling breach of...
Contracts are at the center of several successful relationships, and contract law in Florida regulates such agreements and ensures that parties fulfill their obligations. When one party breaches a contract, the injured party has the right to seek damages. Understanding the different types of damages, including compensatory vs. consequential damages in contract law, is essential for businesses and individuals...
Contracts govern most business relationships in Florida. They dictate the terms and conditions of an agreement between two parties. Typically, business owners work with lawyers to ensure their contracts are well-drafted and plan for potential conflicts. However, even the most well-written agreements can lead to disputes. A breach of a contract occurs when one party fails to uphold or...
Business simply is not done like it was in the old days anymore. A firm handshake and a nice meal are no longer substitutes for a solidly written contract. Florida business owners now want to enter into a written contract that outlines what each party is obligated to do and what each party will receive in return. Sadly, most...
Injunctive relief, also called an injunction, is a legal remedy. It either stops someone from doing something or requires them to do something. It’s used when no other legal remedy is available and to prevent irreparable harm. Injunctive relief is typically sought when monetary damages are insufficient to right a legal wrong or prevent future harm. There are two...
Florida is home to over 500,000 limited liability companies (LLCs). If you own or plan to open a business, you must file a Florida LLC annual report. The State of Florida allows you to file this report online through a convenient form. However, many business owners don’t know how to complete this report or forget to file it altogether. ...
Creating a business can be a profitable and rewarding venture. However, many new entrepreneurs struggle with the legal aspects of starting a limited liability company (LLC). Ignoring or mishandling these matters can lead to lawsuits, lost money, and stress. Creating a Florida LLC operating agreement is an essential part of starting a business, but it doesn’t have to be...
Employee contract negotiations can be a critical aspect of the working relationship between employers and employees as they establish the rights and obligations of both parties. Employers must carefully consider various contract negotiation aspects to protect their interests and maintain a productive workforce. Key factors employers should consider to safeguard their interests include compensation terms, restrictive covenants, and arbitration...