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Assigning your stake in a Florida horse-business LLC does not automatically make the buyer a full owner. By default, the transfer passes only the right to share in profits. The buyer gains management and voting rights only if your operating agreement permits it or every other member consents.

In Florida, you usually cannot force a specific person to buy your ownership share unless an agreement requires it. But a departing general partner can compel a buyout by law, and an LLC member or shareholder can often trigger one by petitioning a court to dissolve the business.

In Florida, you generally have five years to sue over a breached written contract and only four years for an oral one. Acting early protects both your evidence and your right to recover.

You held up your end of the deal. The other party did...

Most Florida small businesses fall outside the Florida Digital Bill of Rights, but any business that handles personal information about Florida residents is subject to FIPA, Florida's breach notification law, which requires notifying affected individuals within 30 days of determining that a breach occurred and can expose the...

Whether your partner can force a buyout depends primarily on what your partnership agreement or operating agreement says, and if it says nothing, Florida’s default statutes supply the governing rules.

The conference table that once felt like neutral ground now has sides. Your business partner...