Forming a new joint venture or JV relationship with another company can be an exciting step for a business to take. It is highly recommended that JV partnerships are structured according to a formal contract to ensure that they do not result in misunderstandings. JV contracts should be drafted and reviewed carefully, preferably by an…
Do you make – or plan to make money using a house flipping business model? If so, here are a few of the legal aspects of the house flipping business model to look out for in Florida. FHA Restrictions Many homes that fall into the category of “flippable” may be located in areas dominated by…
Oral agreements are common in business and exist as the standard way of doing business for many single proprietors and small businesses in Florida. However, having a written contract has various advantages such as being more enforceable in a court of law. Contracts also give you the ability to avoid disputes before they occur by…
Airbnb and Vrbo are the most popular of several “peer-to-peer” online services that allow you to share a residence you own with visitors for a fee. These platforms provide an excellent way to earn money either as a side income or as a full-time business. Despite its many advantages in terms of independence and being…
Estate Planning – Many people choose to retire in Florida. With average high temperatures of 79.5°F year round, it is no surprise that the state – especially South Florida – has such a draw. Since a good number of retirees arrive here with wills drafted in other states, it’s important to beware of the pitfalls…
Business agreements vary based on the companies that use them. Companies vary widely in their focus, industry and culture. That being said, there are some key areas that are shared by all businesses in Florida and elsewhere. All businesses interact with customers, partners, contractors or employees. There are three essential documents that ensure these interactions…
When investors choose to acquire property in Florida, they often do so via a Limited Liability Company LLC. One alternative to the LLC is to hold the property in a trust. There are distinct advantages to using a trust, though the disadvantages should carefully be weighed in to determine if a trust is the right…
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Before you sign a commercial lease: Finding the right property for your business can be a complicated and time consuming process. After finding the right tenant’s agent, searching properly-zoned locations and short listing several properties for your business, there are four crucial steps that every tenant could take to ensure a successful outcome. These steps…
Property Liens: 11% of transaction delays are caused by unresolved title-related issues on a property according to the 2017 Realtors Confidence Index. The most common of these issues is the lien – a legal and financial barrier to prevent sale of a property until a debt has been resolved How Liens Delay Property Sales In…
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