For those who are looking to make adjustments to real estate contracts due to the ongoing pandemic, Florida Realtors released a new contract extension addendum that allows you to adjust dates and time periods.
Marriage isn’t what it used to be. Marriage rates have fallen and, according to the U.S. Census Bureau, the number of U.S. adults in cohabitating, but not married, relationships has risen 29% since 2007. The law favors marriage heavily when it comes to managing assets, so it is essential that unmarried couples organize their assets in case of sudden incapacitation or death. Below are some tips to consider when thinking about estate planning for unmarried couples.
Starting a new business is a risk for both the ownership group and potential employees. It may be difficult to ask for a commitment from employees when there is no guarantee their jobs will be there long term. One way to provide an incentive for high performing talent is to issue equity, or ownership, in the company. Here are some items to think about how to give employees equity in a start-up. Continue reading
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.
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.