Running a business in Florida requires a basic understanding of the business law and the financial frameworks that govern the various day-to-day components of company ownership. These include company formation, holding and transferring shares of the company, protecting the interests of the business owners, drafting and reviewing business documents and managing business disputes when they…
Forming a 501(c)(3) is the most common method of registering a nonprofit corporation in the United States. 501(c)(3) nonprofits are eligible for federal and state tax exemptions and have been created for one or more of the following purposes: Religious advocacy or worship Charitable work Scientific research, discussion or recognition In support of the arts…
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…
Starting and running a Florida nonprofit can be document-intensive. From the beginning, documents are required that define the scope and mission of the organization as well as the rules by which the organization is run. Later, once regular operations are underway, other documents could be created that govern the non-profit’s relationship with its beneficiaries, volunteers…
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…
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. …
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….
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…
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 use a trust for real estate investment. Quick Read Summary (TLDR) The primary benefits of trusts include superior privacy since there’s no requirement to publicly file trust documents, strong liability…
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. They are also responsible for Florida State annual report filings. Who can be a Registered Agent? Companies may choose to make a principal, employee, third party administrator…
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