A shareholder agreement, which is also known as a stockholder agreement, is a legal arrangement among a company’s shareholders that describes the company’s operation and outlines the rights and obligations of shareholders. Although every shareholder agreement is different, there are several key provisions included in most effective shareholder agreements. In this article,...
What Happens if Your Horse Injures Someone?
Horses are wonderful animals. They offer owners several benefits, including companionship, recreation, and income. However, given their size and strength, they can also be dangerous. Therefore, whether you are an equine professional or recreational equestrian, it’s important to understand the risks of horse ownership. In this article, we discuss what happens if...
Equine Insurance: Coverages and Claims
As a horse owner, you know the deep bond that forms between you and your equine companion. Your horse is not just an animal but a cherished family member, a trusted partner in competition, or perhaps even your livelihood. With so much invested emotionally and financially, protecting your equine friend with the...
Mistakes to Avoid When Structuring Investments and Business Deals
In the world of business and investments, there are a plethora of pitfalls. And a misstep in any area can have dire consequences. Therefore, when structuring investments and business deals, it’s important to do things the right way. Fortunately, it is possible to avoid many of the dangers inherent in business deals...
Laws and Requirements for Horse Transport
Whether moving horses within the state of Florida, or moving horses into Florida from another state, it is important to abide by Florida’s laws. In this article, we examine the laws and requirements for horse transport in Florida, as well as some related laws.
Transport within FloridaAnnual Compliance for Corporations and LLCs
Corporations and limited liability companies (LLCs) offer many benefits to business owners. However, in exchange for these benefits, corporations and LLCs must adhere to a myriad of legal requirements. One such requirement deals with annual compliance. Specifically, corporations and LLCs in the state of Florida must submit an annual report each year...
What Makes a Verbal Contract Legally Binding?
In the old days, a person’s word and a simple handshake were the most common ways of conducting business. And although the majority of business owners use written contracts today when conducting business, verbal contracts are still enforceable under Florida law. However, verbal contracts can be difficult to prove in court, so...
Things to Know Before Buying and Selling Horses at Auction
Horse auctions are a great option for both buyers and sellers. However, if you are interested in buying or selling horses at auction, there are several things you should know. By fully informing yourself prior to your auction, you can help ensure that your experience is smooth and beneficial to all involved...
Bankruptcy and Your Horse: What Equestrian Assets are Exempt?
The decision to file for bankruptcy is not easy. However, for many people, bankruptcy is ultimately the best option. There are many benefits to filing for bankruptcy, the primary one being a clean financial slate. However, there are also downsides to filing for bankruptcy, including the possibility of losing some of your...
Top Mistakes to Avoid When Filing Business Formation Paperwork
There are many advantages to incorporating your business, including liability protection, legal separation between you and your business, and more. Therefore, incorporation is generally recommended for most businesses. And although incorporating your business can help you avoid many problems, filing your business formation paperwork incorrectly can create new ones. Fortunately, by...