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A business partnership is often formed because the combination of skillsets amongst multiple people makes the business better. Sometimes, the relationship of the partners worsens to the point of no return. Some businesses choose to close operations so the partners all go their separate ways. But what happens when one or more partners want to … Read more
No one forms a business with the intention to close, but it happens. When it does, Florida law creates specific rules for properly closing (aka “dissolving”) a LLC. If you have an operating agreement, you can simply follow those steps outlined in your agreement. Just another reason why your LLC needs an operating agreement as … Read more
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. … Read more
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 … Read more
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
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