Contracts form the foundation of any successful business relationship. Whether you’re partnering with a vendor, hiring a new employee, or entering into a joint venture, having a well-drafted and thoroughly reviewed contract is essential to protect your interests and avoid future disputes. However, the process of drafting and reviewing contracts can be...
Category: Business Law
What to Know About Restructuring a Business Entity
Restructuring a business entity is a significant decision that can affect your company's liability, taxes, and overall operations. For Florida business owners, understanding the different types of business structures and the implications of restructuring is crucial to ensuring the organization's long-term success and compliance. Whether transitioning from a sole proprietorship to a...
Mergers and Acquisitions: Legal Considerations for Business Transactions
Mergers and acquisitions, also known as M&As, involve a series of steps and legal considerations. The specific details of the M&A process will vary depending on several factors, including the nature and size and nature of the organizations involved and the specific terms of the deal. In this article, we examine legal...
Benefits of Hiring a Contract Negotiation Lawyer
Before entering a contractual agreement of any kind, it’s important to consult with a knowledgeable contract negotiation lawyer. In addition to knowledge of the law, there are many benefits to hiring an attorney to assist you with your contract negotiations. Without an experienced attorney on your side, however, you are unlikely to...
Shareholder Agreements: Key Clauses and Protections
A shareholder agreement, which is also known as a stockholder agreement, is a legal arrangement among a company’s shareholders that describes the company’s operation and outlines the rights and obligations of shareholders. Although every shareholder agreement is different, there are several key provisions included in most effective shareholder agreements. In this article,...
Mistakes to Avoid When Structuring Investments and Business Deals
In the world of business and investments, there are a plethora of pitfalls. And a misstep in any area can have dire consequences. Therefore, when structuring investments and business deals, it’s important to do things the right way. Fortunately, it is possible to avoid many of the dangers inherent in business deals...
Annual Compliance for Corporations and LLCs
Corporations and limited liability companies (LLCs) offer many benefits to business owners. However, in exchange for these benefits, corporations and LLCs must adhere to a myriad of legal requirements. One such requirement deals with annual compliance. Specifically, corporations and LLCs in the state of Florida must submit an annual report each year...
What Makes a Verbal Contract Legally Binding?
In the old days, a person’s word and a simple handshake were the most common ways of conducting business. And although the majority of business owners use written contracts today when conducting business, verbal contracts are still enforceable under Florida law. However, verbal contracts can be difficult to prove in court, so...
Top Mistakes to Avoid When Filing Business Formation Paperwork
There are many advantages to incorporating your business, including liability protection, legal separation between you and your business, and more. Therefore, incorporation is generally recommended for most businesses. And although incorporating your business can help you avoid many problems, filing your business formation paperwork incorrectly can create new ones. Fortunately, by...
Understanding Shareholder Rights and Owner Liabilities
Public companies typically raise money by selling shares to investors. A shareholder is an individual or entity that has an ownership interest in a company. And although shareholders don’t typically engage in the day-to-day operations of the organization, they do have some rights and obligations. In this article, we examine shareholder right...