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...

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...

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...

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...

Public companies typically raise money by selling shares to investors. A shareholder is an individual or entity that has an ownership interest in a company. And although shareholders don’t typically engage in the day-to-day operations of the organization, they do have some rights and obligations. In this article, we examine shareholder right...

Commercial contracts bind two or more parties to the terms of the agreement. However, for a variety of reasons, parties sometimes seek to terminate such contracts early. A party who terminates a commercial contract early often faces penalties. However, depending on the situation, it may be possible to terminate a commercial...

A joint venture is a type of business arrangement in which two parties or more make an agreement to pool their resources to accomplish a specific task. Each of the parties in a joint venture is responsible for the costs, profits, and losses of the project. However, a joint venture is considered...

A buy-sell agreement is a document that reallocates the ownership of a business if one or more specified events occur. This type of agreement is commonly used when the owner of a business no longer wishes to own the business or is no longer capable of doing so. A buy-sell agreement can...

In Florida, a breach of contract takes place when one party to a contract fails to perform one or more contractual obligations. A breach of contract can occur between individuals or business entities. Often, a breach of contract leaves the non-breaching party in a difficult position, and it may result in...

As a business owner, it is important to take steps to protect your organization from liability. Unfortunately, however, legal disputes sometimes arise despite your best efforts. And when this happens, you may require the assistance of expert witnesses to strengthen your case. In this article, we discuss the role of expert witnesses...