Do-it-yourself (DIY) will kits are becoming more common every day. Thousands of people have flocked to websites offering a quick, easy and affordable will and testament. It sounds simple enough- a will that you can create on your own without the need for a lawyer. However, the peace of mind that you should have after signing your DIY will kit may be fool’s gold- if you even remember to sign it.
Starting business partnerships can be an exciting time. You can be your own boss, set your own schedule and work with people that you choose to work with. In the beginning, it may seem like developing documentation for you and your partners may be unnecessary, but that “high” that you are on can quickly change when there is a change of heart in the leadership team or there is a large dispute about the direction of the business. When you enter into a business partnership, you are setting rules in place to work together that protect all parties when an inevitable dispute arises.
It’s best to know what your options are when setting up a partnership for your business. Below are brief outlines of the primary types of business partnerships.
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.
Continue reading
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.
Continue reading
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.
Continue reading
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.
Continue reading
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).
Continue reading
