Whether you win or lose, business litigation can have a major impact on your business. Litigation is expensive, has high time cost and can sap the energy that should be used to run your business. Most attorneys will advise to avoid litigation if at all possible. While you shouldn’t step away from a necessary fight, there are a few simple ways to protect your business from future litigation.
Commercial real estate deals have a lot of moving parts and even the most knowledgeable seller can experience legal issues that negatively affect the deal while Selling a Commercial Property.
Some are outside of the seller’s control, but there are many common issues that you need to be aware of to prevent legal issues within your control. Below are some of the most common legal issues that can come up in a real estate transaction.
Being an entrepreneur is an exciting, albeit stressful, time in a person’s life. There are so many things to do, and some may include common legal mistakes. Between finding out how to market your service or product and making sure your operation is set up to receive and service your customers, the role of an entrepreneur is typically heavily focused on the value to their customer.
It is very common for legal considerations to take a backseat which is not in the best interest of the business owner. Here is a list of the common legal mistakes made by owners of start-up businesses.
If you are deciding to research business succession planning, you are taking the first step to secure your legacy and leaving your business in the right hands. Business succession planning involves a series of logistical and financial decisions concerning how a business owner wants to exit their business. Whether you leave the business by retirement, disability or death, having a succession plan in place is a smart decision.
Establishing a power of attorney can sound intimidating, but
it is very simple when working with an experienced professional. If you are
looking to put a future plan in place for your personal and business affairs,
you should look into setting up a power of attorney. First, there are some
basic items that you should know.
As a business owner and employer, you naturally want to protect
your intellectual property and the share of the market you worked so hard to attain. The last thing you want is one of your employees taking information they learned to directly compete with you. That’s why many employers look into including non-compete clauses in their employment contracts. Non-competes are legal and enforceable in the state of Florida, but there are certain restrictions that you need to take into account.
Selling your business can be a confusing and
emotional time for a business owner. Whether you are retiring, moving on to
something new or you have been offered an irresistible deal, choosing to put
your business in the hands of someone else can be a complicated process.
In order to make the best decision for you, your family and your leadership team, you need to know what options are out there to get the best value for your years of hard work.
Purchasing real estate and
managing it is a major responsibility. You want to make sure that you can
achieve a return on the investment made and, to the extent possible, you want
to protect the investment from creditor claims.
Florida homestead protection laws
are some of the broadest in the country, but they only extend to your principal
residence. If you are in the market to purchase real estate for investment, you
should consider owning that property in a separate limited liability company
Many budding entrepreneurs start businesses – usually with friends, family or colleagues. If you were or are one of these people, you may have had disagreements on the vision of the company or you wanted to keep your family recipe confidential. Problems like these are a dime a dozen when running a business and a typical solution is to have the stakeholders of a company sign a Non-Disclosure Agreement (NDA).
Recently, music lovers everywhere mourned the death of the Queen of Soul, Aretha Franklin. In 2016, iconic superstar singer/songwriter Prince passed away at the age of only 57. Continue reading