When starting a new company in Florida, you must choose the right legal structure for your business. This choice affects the company's legal liability, taxes and operation. Understanding the common business entities allows you to make an informed decision. Corporation...
Business Law
Well-written noncompete agreements
An enforceable noncompete agreement hinges on several key factors. First, employees should receive something of value in exchange for their commitment to refrain from competition. Additionally, the agreement must protect a legitimate business interest, such as trade...
How to protect proprietary information in your business
According to the Florida Department of State, there are over 2.8 million small businesses in the state, and most of them have proprietary information. In today's competitive business landscape, proprietary information acts as the lifeblood of many organizations. This...
Transferring the ownership of a deceased LLC member
Given that an LLC allows you as a member to avoid liability in case someone sues your business, you should be sure that the company will not fall apart if one of its other members dies. Fortunately, an LLC can survive by passing the ownership interest and rights to...
What makes an LLC different than an S corp?
Given that LLCs come in many forms, it is easy to mistake one for an incorporated business such as an S corp. However, these are two different business structures. If you want to start your own enterprise, you should know which of these structures may be of greater...
Should you use online services for business documents?
Considerable work and expense go into establishing a business. Thus, owners remain on the lookout for ways to save time and money. One way entrepreneurs try to economize their budget and schedule is by using online legal document assistant services. However, doing so...
Do you need to protect your business’s intellectual property?
Intellectual property is often an important part of a business. If you developed your own properties or have a special sales process, you need to protect these things. Without proper protection, anyone could come along and steal your ideas. The only way to get...
Protecting your organization with a succession plan
Owning a business in Florida involves a lot of moving parts and requires you to constantly think of the future. Inadequately planning for unforeseen circumstances could cause your organization to crumble under pressure. A succession plan is an excellent way to fortify...
What are the characteristics of an S-corp?
You have many options when it comes to business formation. If you decide you want to start a corporation, you will have to choose which type. One option is the S-corp. The IRS defines this type of corporation as one that passes the burden of taxes to the owners. This...
Can I create legal documents for my company?
Anytime you create a legal document for your company it is a serious situation. It is essential that only those people who have authority are creating such agreements. The Journal of Urgent Care Medicine explains that entering into a contract requires that it occurs...
Many Family Law situations can have a big impact on your future.
Don’t forget to update your estate plan.