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To get a business idea off the ground in Fort Lauderdale, you must follow the designated steps for forming a company or corporation. There are some distinct advantages to incorporating – such as liability protection – but what is the process for conducting business as a corporation? The following are the steps you need to … Read more
Imagine this: You are a first-time business owner and have the idea to start your company as an LLC. You go to your accountant for tax advice and you are told that your LLC needs to be a S-Corp. Your accountant explains the details, but the only thing that matters is that you are told … Read more
There are several ways that you can remove a member of an LLC from the company. Whether it’s through the operating agreement of the company or by following Florida’s Revised Limited Liability Act, rest assured that you have options. LOOKING FOR TIPS ON REMOVING A BUSINESS PARTNER FROM AN ENTITY THAT’S NOT AN LLC? CLICK … Read more
At least once a week, a business owner who has been operating under a DBA (aka fictitious name or “Doing business as”) comes to us because someone told them they should set up an LLC for their business. They are skeptical of forming an LLC and inevitably ask, “If it’s just me in my business, … Read more
Despite all your good-faith efforts to avoid a dispute between yourself and other shareholders, disputes still pop up from time-to-time. Shareholder disputes often stem from the power imbalance between majority and minority shareholders (those who collectively hold less than 50 percent of the company), violations of the shareholder agreement, and general clashes between shareholders over the direction of the company.
Limited liability corporations (LLCs) were and remain an attractive option for those with entrepreneurial ideas who want to start a business. The process of starting an LLC is not as time- and money-intensive as corporations, and it features pass-through taxation. In 2014, the Florida Revised Limited Liability Company Act (FRLLCA) went into effect, and on … Read more
A single member Limited liability company (LLC) is a business entity that offers both liability protection and tax benefits. However, a LLC involves a cost to properly establish and paperwork that is not required with a sole proprietorship. This may lead one to ask—is the single member LLC a good idea? From a business lawyer’s … Read more
Three simple tips can help you prevent (and resolve) a partnership dispute, which translates to money saved in your pocket. Going into business with a partner has a lot of benefits, but can also have cons.
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