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What is an Operating Agreement? The LLC’s most important yet overlooked document is the operating agreement. An operating agreement is a formal document that describes how a Limited Liability Company (“LLC”) will operate. It typically describes how the LLC adds new members, the voting powers of the individual members, tax treatment, or how the members … Read more
At Bryant Taylor Law, we have a healthy mix of experienced and novice business owners. Here is a list of the 4 most common business mistakes we have observed with our business-owner clients. Business Mistake #1 Not understanding their financials Business owners do not need to be an accounting expert, but they must have a … Read more
One of the most overwhelming steps to owning a business is actually starting the business. The following is a step by step on how to start a business in Florida. How to Start A Business in Florida Step 1: Develop A plan It may sound cliché, but any successful business formation starts with a plan. … Read more
Behind every business is the idea that started it all. Many people believe these ideas occur by mistake or coincidence. This is not true. It takes more than just sitting on the couch waiting for an \”ah ha\” moment. It takes patience, effort and time. The good news is anyone can form a business idea. … Read more
If you are a small business owner, you might be thinking to yourself, “Why would I ever need a business attorney? I’ve made it this far without one. Why do I need one now?” Many small business owners ask themselves these questions. That is, until they need a business attorney to help them understand many … Read more
The LLC may be the popular choice for many… Have you heard of the S-Corporation (or “S-Corp” for short)? One of the first decisions many new business owners make is the type of entity to form for their business. Will it be a partnership, a corporation or a limited liability company (aka LLC)? In our … Read more
Non-Compete agreements have always been common in certain industries. In today’s era they’re becoming increasingly popular across the board. Florida courts are enforcing non-compete agreements through injunctions. These injunctions can prevent an employee from accepting a higher paying or more prestigious position at another company. A non-compete is usually given to you as a condition … Read more
Millennials are changing the face of business ownership and are quickly becoming \”millennialpreneurs\”. Millennials make up approximately 75.4 million Americans, and nearly half of them plan to start a business in the next 3 years. In a 2017 study by America’s Small Business DevelopmentCenters (America\’s SBDC), millennials were found to be the most entrepreneurial generation … Read more
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