As of January 1, 2020, the Florida legislature reduced the state commercial rental tax from 5.7% to 5.5%. This adjustment affects the sales tax that commercial real estate owners charge and receive from tenants including commercial office space, retail, warehouses and specific self-storage units. Note that it only applies for rental periods that begin on or after January 1, 2020.
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.
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.