Author: Cipparone & Cipparone PA

8 Common Legal Mistakes Made by Start-Ups

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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.
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Business Succession Planning: A Roadmap

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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.

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Establishing Power of Attorney: A Road Map

Is a Non-Compete Enforceable in Florida?

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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.

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What are Your Options When Selling your Business?

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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.

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Benefits of Titling Real Property in an LLC

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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 (LLC).

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Ins and Outs of an NDA

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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).
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