Is Your Business Sale in the Closing Stage? Don’t Celebrate Yet

Selling your Florida business is a huge moment in your life and career. You worked hard to build to this point and are ready to receive the fruits of your labor. You’ve already worked through the important letter of intent and due diligence phases of the deal and are ready to close. Now that you’re in the closing stage of the deal, it’s time to make sure everything is officially in order before handing over the keys Read More

What Florida Business Owners Can’t Miss During the Due Diligence Stage of a Sale

One of the most important (if not the most important) stages of a business sale is the due diligence process. At this point, you and your partners have one last chance to uncover any unknowns, misinformation, or misdirection. You can’t afford to push through this process quickly. As a seller, due diligence often means not only vetting the interested party who has signed a letter of intent but also ensuring your Read More

Selling Your Florida Business? You Hold the Leverage in the Letter of Intent Stage

For Florida business owners looking to sell their business, it’s important to understand the various stages of a deal and where your leverage lies. The truth is that, in most mergers and acquisitions (M&A), leverage shifts from party to party depending on where you are at in the deal. For the initial stages of a negotiation, the letter of intent stage, the seller holds the leverage. You are at a vital point in Read More

Businesses Need to Start the Relationship with a Business Attorney Early

Business is competitive and nuanced. You are entering an industry that already has roughly 34 million entities formed and running. The challenges that come with entering this crowded field and attempting to do something new or find new ways of doing old things require meticulous planning and oversight. As business attorneys, we often don’t hear from businesses until they’re already well down the pathway to litigation Read More

Get Ahead of Insurance Issues By Involving a Business Attorney

An insurance policy should not be causing you and your business headaches. Unfortunately, many Florida businesses spend hours sifting through insurance policy options before committing to a company just to find out later the insurance policy doesn’t say what they believed it did. Our team of attorneys regularly works with clients who uncover surprises every time they learn about what their insurance policies actually Read More

Process to Ban Noncompete Clauses Hits Delay, Impacting Florida Businesses

In recent months, we discussed the looming Federal Trade Commission (FTC) rule and likely vote to ban noncompete clauses in most employment contracts. The original rulemaking process raises concerns for Florida businesses that make use of these in their contracts. Current and future contracts would be impacted by the proposed rule. After a delay in the public comment deadline earlier this year, Bloomberg News reports Read More

Importance of a Business Power of Attorney and Choosing the Right Agent

Estate planning and business succession planning have many similarities. A central aim of both is to ensure your most prized possessions are in the best hands after relinquishing control. A sometimes-overlooked function of these two types of plans is the ability to continue business operations if you become incapacitated. Incapacitation occurs when you are no longer able to make important decisions and is often Read More

You Have a New Business Partner. Will the Arrangement Work?

There are a few ways you could end up with a new business partner. A partner may leave their ownership interests to the successor in a will, trust, or other estate planning document.  Adjusting to a new business partner can be complicated in the best of circumstances. Typically, a successor spends considerable time learning the business and receiving training before taking over. Those who take over after the Read More

The Dangers of Not Planning For Business Partnership Succession

Building and maintaining a successful business is one of life’s greatest thrills and pleasures for many people. If you and your business partners are running a profitable business firing on all cylinders, imagining your company without its current leadership structure might be distressing and disheartening. An important part of ensuring your company’s long-term survival is planning for the eventual absence of a Read More

What Are These New AI Programs and How Can Florida Businesses Use Them?

As we have been covering this month, Artificial Intelligence has made leaps in recent months and there’s nothing to suggest the advancements will slow down. We have been exposed to AI for decades in some form or another, but breakthroughs over the past year have created more accessible AI programs for people and businesses to work with. Businesses need to be wary of certain concerns before implementing AI along Read More