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Franchising in the US and Florida

Franchising occurs when one company (the franchisee) gains the rights to use the brands and business model of another company (the franchisor) for a fixed period of time for an agreed fee. The name of the business that is formed by the franchisee is called a franchise. For the franchisor, the franchise is a way [...]

Investing with an LLC

Previously we have written about using an LLC to invest in Real Estate.  However, there are many situations outside of real estate investing in which it makes sense to use the LLC business formation to make investments in company shares, bonds, ETFs and even non-traditional assets such as cryptocurrency.  Investing with an LLC can range [...]

Why Companies Need a Business Lawyer

If you are in business in any capacity it is advisable that you seek the proactive legal assistance of a lawyer with experience in the specific areas of law that pertain to companies at different stages of development.   Proactively hiring a business lawyer can significantly save company owners time, money and hassle in the future.  [...]

Four Benefits of Incorporating Your Place of Worship in Florida

An important part of incorporating your place of worship is ensuring that when the organization is formed, it is formed under the correct entity. Choosing the correct entity will set up your organization for success by capitalizing on relevant tax breaks, protecting your assets, and putting your organization in the best position to raise capital. [...]

Preparing for the Unexpected With Buy-Sell Agreements

An important part of running any successful business is taking steps to plan for the future. While business partners may enter a business endeavor planning to stay for the long haul, life may bring about unexpected events that result in the departure of one or more business partners. Preparing a well-crafted buy-sell agreement can protect [...]

Corporate Dissolution: Why Consulting Experts Is A Must

For many businesses and corporations, there may come a time when due to a variety of reasons, it is time to call it quits. The process of officially liquidating a business and closing up shop is called corporate dissolution. Corporate dissolution is a complicated, multi-step process that requires strict adherence to state laws and Internal [...]

The Pros and Cons of Using a Trust for Real Estate Investment

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 [...]

Everything You Need to Know About Registered Agents

What is a Registered Agent? Sometimes called a statutory agent, agent of process or resident agent, the registered agent receives service of process on behalf of a business. Who can be a Registered Agent? Companies may choose to make a principal, employee, third party administrator or the company's legal counsel the Registered Agent. In [...]

Should We Form A Partnership?

Form a Partnership: South Florida Law frequently assists individuals and businesses in entity formations that fit their specific needs.  These include LLC's for real estate investment, C Corporations, S Corporations, LLCs for general business purposes and partnerships.  Along with Florida's single proprietorships, corporations account for over 75% of the state's active businesses. Partnerships could be [...]

The Real Estate LLC Holding Company: Clear Benefits and Areas to Beware

Setting up a Real Estate LLC Holding Company can have pros and cons. Retain an experienced real estate attorney to make sure that your LLC is set-up and run in a way that avoids the pitfalls. The modern Limited Liability Company first began in Wyoming in 1977. The first LLCs were primarily small oil drilling [...]