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This page is provided for general informational purposes only and does not constitute legal advice. Reading this content or contacting our office does not create an attorney-client relationship. Every legal situation is unique; consult a qualified Florida attorney regarding your individual circumstances. Business succession planning in Florida requires two separate plans that most small business…
Overview: Most small business owners spend considerable time planning for growth, managing cash flow, and serving customers. Very few plan for the possibility that they could be suddenly incapacitated. A stroke, a serious accident, or an unexpected medical crisis can sideline a business owner for weeks or months, and without the right legal documents in…
For years, forming an LLC was the default advice for owning investment property. That advice is no longer as simple as it once was. In Florida, reassessment of property values, higher insurance costs, and increased administrative burdens have made LLC ownership less attractive for many small and mid-size real estate investors. The good news is…
The death of a loved one is always a distressing time, but the stress can be compounded exponentially when the deceased owned real estate jointly with another person and left no Will. In Florida, what happens to the deceased co-owner’s share of the property is not a matter of simple assumption; it is dictated entirely…
When you’re running a small business, the day-to-day responsibilities can make it easy to postpone estate planning. But if you’re a business owner in Florida, it’s crucial to ask: What will happen to your company, assets, and real property if something happens to you? Without a clear plan, your legacy and your loved ones could…
Business owners in Florida often want to ensure their company can pass smoothly to loved ones or successors without probate. But some businesses—especially professional service entities—can’t be directly titled into a revocable trust due to state licensing restrictions. That’s where a nomination agreement becomes a powerful tool. What Is a Nomination Agreement? A nomination agreement…
Small businesses present a particular challenge to Florida Estate Planners. First off, businesses can operate in a wide variety of entities. Secondly, they may be more valuable being carried on than simply liquidated and distributed. Finally, businesses owned by more than one person must consider what happens if one of those owners died or became…
Corporations are one of the most commonly used business entities in the world. Properly set up, corporations limit the liability of the owners (or shareholders) to their investment in the corporation. Without this liability protection, business owners’ personal assets are subject to the debts of the business. Corporations come in three primary tax forms: C…
Limited liability companies, or LLCs, are one of the most versatile business entities available to business owners today. Like corporations, they provide limited liability to the owners. However, they can be taxed as a sole proprietorship, partnership, or Corporation. This gives incredible flexibility in choosing the most advantageous tax entity while also providing limited liability….
May 1st is the deadline to file annual reports with the Florida Department of State for Florida Companies. Late filings incur a late fee of $400, and continued failure to file can result in administrative dissolution of your company. If you have any questions regarding renewing your company, please contact us.