As an entrepreneur, you’re writing your legacy every day. Working hard day in and day out is an immense source of pride for you, as you continually strive to make sure heirs have it better than you did. Without developing effective succession and continuity plans for your business, though, you’re in danger of having your heirs miss out on your hard-earned success.  One of the most important components of developing Read More

Shareholders of publicly traded corporations are generally free to divest their shares at any point. Floridians who own stock in closely held corporations, however, can occasionally feel handcuffed when they are not allowed to sell shares they would otherwise have already dumped. This problem is typically more acute for shareholders who do not own a majority in a closely held corporation.  The reason for minority Read More

Shareholders of large, publicly-traded corporations have a fair amount of flexibility if they feel they are being mistreated. Some shareholders may vote out an incompetent or negligent board member. If all else fails, shareholders may simply sell the stock.  Minority shareholders—shareholders who own less than 50 percent of a corporation—are much more vulnerable in privately held companies. For example, they aren’t Read More

As an owner (member) of a limited liability company (LLC), there are still plenty of external factors affecting your company that you can’t control. For members who have a minority stake in the business, this feeling might be even more amplified. Thankfully for minority members of LLCs, the Florida Revised LLC Act provides a number of statutory protections. These protections are codified in Chapter 605.0410 in the Read More

Starting your own business is one of the most exhilarating and rewarding experiences one can experience. It takes a lot of planning and courage to start an enterprise. Unfortunately, too many would-be entrepreneurs have their dreams dashed before things get going because the aspiring business owner is under a non-compete agreement from his or her former (or current) employer.  Last month’s blog laid out the general Read More

No longer reserved for C-suite employees and other key executives, non-compete agreements are increasingly used by many small and mid-sized businesses. A non-compete agreement is a type of restrictive covenant that limits certain employment and commerce opportunities for employees who sign them. Companies that use non-competes argue that they promote healthy and fair competition.  Many states are much less Read More

The dramatic increase in COVID-19 vaccinations cannot mask the fact that many small and mid-sized businesses are still struggling. Even if your business has started making money again, you might be behind on plenty of expenses. Paying your commercial landlord might be one thing you’re worried about.  There are no more rent deferrals or eviction moratoriums imposed by the state or federal government. At this point, Read More

If you’ve been following the news on COVID-19 and its myriad effects, you’re probably aware of the large-scale vaccine distributions and debates over relief packages in Congress. What’s not been as well-publicized or, simply, has been forgotten about, is the enormous backlog of correspondence the IRS is having to sort through. There was a good reason the federal agency postponed the filing deadline a full quarter Read More

When you register your business in Florida, you have to supply three addresses: your principal address, registered address, and mailing address. Business owners who do not have a physical storefront can run into problems with the first two. For starters, your company’s addresses are a matter of public record. It’s sensible to keep your home address private. Unfortunately, you are not permitted to use a P.O. Box for Read More

If you’re one of the countless Floridians who decided to start an e-business in the doldrums of the COVID-19 pandemic, Bryant Taylor Law applauds you for your initiative and bravery. The e-commerce explosion that occurred out of necessity will never fully subside. As a result, there has never been a better time to begin selling your products or services online.  At some point, you should consider incorporating your Read More