Have you Filed your Business Annual Report with the Secretary of State yet? Time is Running Out Don’t miss the May 1st deadline – Any profit corporation, limited liability company, limited partnership, or limited liability limited partnership annual report filing will have until 11:59 PM EST on Monday May 1, 2023, before a $400 late […]
Attention Florida businesses – Have you filed your annual report? Read More »
Drafting Effective Contracts for Artificial Intelligence Artificial intelligence (AI) is a hotly discussed tool lately and businesses in Florida are looking to use AI to increase efficiency and gain a competitive edge. It’s important that the contracts governing the use of AI are carefully drafted, whether a business develops its own AI or licenses it
Drafting Effective Contracts for Generative AI: Tips for Small Business in Florida Read More »
What Business Entity Should a Startup Choose? The legal entity that you pick for your startup can affect your liability protection, taxes, management structure and other things. Here we will briefly review the common types of legal entities, considerations when selecting a legal entity, some comparisons between legal entities, and give a quick checklist about
How to Choose the Legal Entity for Your Startup Read More »
The Limited Liability Limited Partnership in Florida A Limited Liability Limited Partnership (LLLP) is a business entity choice in Florida, particularly for businesses that want to limit the liability of certain partners while still allowing them to participate in the business’s management and decision-making. But what exactly is a LLLP, and how can it benefit
Limited Liability Limited Partnership in Florida: Breaking Down the Basics Read More »
Understanding Limited Liability Partnerships in Florida A limited liability partnership (LLP) is one way of operating a business that is available in Florida. Limited liability partnerships in Florida are created under Sections 620.9001–620.9003, Florida Statutes, which is part of the Revised Uniform Partnership Act of 1995 (RUPA). In short, a limited liability partnership works like
Limited Liability Partnership in Florida: A Primer Read More »
Florida Limited Partnerships If you are starting a business in Florida, you may have considered forming a limited partnership. A limited partnership is a type of business entity that allows for both general partners and limited partners. In this post, we’ll briefly discuss the basics of limited partnerships in Florida, including what they are, how
Limited Partnership 101: Understanding the Basics in Florida Read More »
Understanding Florida Professional Service Corporations and Professional Limited Liability Companies Choosing the right business structure is an important decision for any professional in Florida. Your business structure can impact your tax liability, personal liability, and overall image as a professional. Two options to consider are a Professional Service Corporation (PSC) and Professional Limited Liability Company
Exploring the Advantages of Subchapter S Corporations for Small Business Owners Small businesses are an important part of the economy and many entrepreneurs have visions of creating successful companies. However, starting and operating a business comes with decisions, including those concerning legal and tax considerations. One option for small business owners to consider is the
What is a Subchapter S Corporation and How Does It Work in Florida? Read More »
The Benefits of Choosing a Florida Limited Liability Company: An Overview A Florida Limited Liability Company (LLC) is a popular business structure for entrepreneurs and small business owners. It offers many benefits, including limited liability protection, flexible management structures, and tax benefits. In this post, we will examine the ins and outs of Florida LLCs
The Ins and Outs of Florida Limited Liability Companies: What You Need to Know Read More »
You have entered into a written settlement agreement to pay a certain dollar amount in exchange for the ownership share of a corporation currently held by your business partner with whom you have a dispute. While the essence of the agreement is clear, the agreement is mere bare bones that did not specify all of
Is a Contract Enforceable When Certain Terms Are Unclear or Missing? Read More »