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
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
If your Florida property qualifies as a homestead, state laws offer certain protections. For your property to qualify, you must have legal or beneficial title to the home on January 1 of the year, you must reside at the home as your permanent residence, and Continue reading
Prospective franchisees can always negotiate their franchise agreements, even if the franchisor seems to carry all the negotiating power. Continue reading
Section 607.0701 of the Florida Statutes requires that all corporations conduct an annual meeting of shareholders. This annual meeting of shareholders is primarily for the election of directors who are responsible for the operation of the corporation’s business. Continue reading
In my capacity as General Counsel for a commercial real estate developer for over ten years, I negotiated and drafted my fair share of retail leases. Continue reading