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...
Contracts are the lifeblood of business and personal agreements, and they come in various forms, including written and oral contracts. The validity and enforceability of oral contracts and oral contract modifications are essential legal considerations. Are oral contract modifications valid in Florida? Courts can enforce oral contract modifications in Florida, but the validity of these modifications will depend on several...
Florida is a key player when it comes to foreign transactions. So it’s no wonder that countless Florida businesses implement foreign business agreements. Whether you are seeking to import goods, export services, or establish partnerships abroad, an international business contract will serve as the legal backbone for these transactions. An international business contract should include at least eight key...
Contracts are necessary in all different types of scenarios, from buying and selling goods to real estate transactions. When you enter into a contract, you expect the other party to perform their obligations under the agreement. However, breaches of contract still occur all the time in Florida. Thankfully, the law recognizes that contracts serve an important societal function and...
Florida employment agreements should include essential terms such as the compensation rate, benefits, contract termination options for both parties, the scope of work, and other details. Writing an effective Florida employment agreement is critical to helping limit your business’s liability and creating a productive workforce. After all, the employment agreement forms the foundation of your company’s relationship with its...
Franchising can be a quick, easy way to establish yourself in business. As a franchisee, you get instant brand recognition. For a franchisor, you receive payment on the use of your business name and, potentially, royalties on your franchisee’s profits. Sometimes, the franchise agreement simply is not a match, and the owner and operator each want to take their...
For Florida entrepreneurs, contracts are an essential part of any business operation. Unfortunately, when your business relies on contracts, you can leave yourself vulnerable if your counterparty fails to hold up its end of the deal. If this happens, you may be faced with filing a lawsuit to recoup your losses. However, before going through the pain and hassle...
Franchises are excellent ways for entrepreneurs to enter new markets without starting a new business from scratch. Alternatively, if you have a successful business model, a way to grow your business without stretching your time and resources thin is to transform it into a franchise. The person who decides to run the franchise (the franchisee) opens a new location...