How to Form a Non-Profit Corporation in Florida

A non-profit corporation is a business entity that provides a benefit to the public. In exchange for the public benefit, the corporation is exempted from paying taxes on the money the corporation receives. We previously discussed how to form a business in Florida, but here are the steps to forming a non-profit corporation in Florida. 1. Choose a business name First, make sure the name is not the same or similar to Read More

Change is Coming to Florida’s Corporation Laws

Florida recently passed legislation that will result in a re-write of  Chapter 607 of the Florida Statutes otherwise known as Florida's corporate statutes. This is the first re-write of the corporate statutes in more than 30 years. The new changes are expected to address several topics such as corporate document filings, proxies, service of process, remote participation in shareholder meetings, Read More

Why Your LLC Needs An Operating Agreement

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 manage the LLC. Florida law does not require LLCs to have an Read More

Common Business Mistakes Made Every Day

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 basic understanding of their business financials. Hiring an accountant helps, but it is not Read More

How to Start A Business in Florida

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. Do not commit a single cent to your business without creating a business plan. You must answer the 5 W’s when you develop Read More

How To Form A Business Idea

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. Here's how to do it. Find a problem in your everyday life The easiest source of inspiration for a business idea is your Read More

Should Your Business Be A S-Corp?

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 experience, clients are aware of the LLC, but rarely mention the S-Corp. There is nothing wrong with the LLC. The LLC Read More