Contracts are the foundation of all business relationships. A contract can be tailored toward serving specific purposes and protecting parties involved in transactions. There are numerous different contract types and potential terms. Some contracts may be simple,...
Business Consulting & Advice
What is the difference between a joint venture and co-ownership?
When entering into a brand new business project, there are numerous options at your disposal. All business projects are risky, and you may want to share this risk with another party. Two possible routes to go down include a joint venture and co-ownership. What is the...
What are the risks if I own my Florida LLC 100% with no co-owners?
A Limited Liability Company (LLC) is one of the most popular business structures. One of the key advantages of this structure is that it shields the owner from being personally liable. In other words, an owner's personal property can generally be safe should the...
Essential contracts for start-up businesses
Launching a new business can be very exciting. It gives you the chance to be your own boss and get involved with something you are passionate about. However, it doesn’t come without challenges. You’ll want to ensure that your business is legally protected. One of the...
Why your business needs an HR compliance audit
Human Resource (HR) audits are an often overlooked process. The truth is that audits of this type are extremely important. Audits can help ensure that a company’s HR policies and procedures are in line with the objectives and core ethos of the company. They also...
To sign or not to sign: Non-compete agreements in the modern world
Non-compete agreements have been a hot topic in recent years. Some argue that they stagnate healthy competition and restrict employees too much. Nonetheless, these contracts are still legally enforceable in Florida, as long as the terms are reasonable. What benefits...
Conflict is often unavoidable when starting a business with 50/50 ownership
When starting a new business, business partners often assume that they should set up a 50-50 ownership arrangement. It seems easy. The partners can provide an equal financial investment and equally split the responsibilities of running the company day-to-day. However,...
Do my spouse and I need an operating or shareholders’ agreement?
Running a business with your spouse can be very rewarding. It may have been an ambition for the two of you for several years. After all, who is more trustworthy than your life partner? That being said, operating any kind of family business comes with unique...
How do I negotiate a good commercial lease?
For some businesses, having physical locations that are open to the public are necessary for success. Buying a commercial property outright can be vastly expensive, which is why many business owners opt for commercial leases instead. A commercial lease can benefit...
Update your employee handbook to ensure compliance
Running a business comes with numerous responsibilities, including managing your team of employees. Every company should have a comprehensive employee handbook as a guide for its workers. Your company’s employee handbook outlines the rules, expectations and core ethos...