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.
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.
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.