Why Purchase a Business
Are you considering starting a business in Florida? If so, you may find that it makes more sense to purchase an existing business. An existing successful business has trained employees, an established customer base, and sufficient cash flow. However, there are some potential pitfalls. Here are a few things you should …

What a Franchise Offers
A franchise offers an opportunity to fulfill your dreams of being an entrepreneur. When you purchase a franchise, you’re buying instant brand recognition, as well as ongoing support to help your business succeed. However, a franchise is not a guarantee to success. There are several elements to consider when buying a …

Are you thinking about hiring an employee for your business, and are wondering whether you should have the new employee sign a contract? Or have you recently accepted a job, and have been asked to sign an employment agreement? If so, you may be wondering how having such an agreement in place can benefit you.…

Are you owed money, but aren’t sure how to collect the funds? If so, a lien may be an option. A lien is a legal claim to property for payment of a debt. Usually, though not always, the debt is connected to the property, such as a lien against real estate for the payment of …

Before discussing about the benefits part, let’s look at the limited liability company definition. A LLC or limited liability company is flexible format of any business that combines elements of corporate structures and partnership. It is considered to be a legal form of company which renders limited liability to its owners in United States. The …

If you are considering owning an LLC or corporation in Florida, bylaws or operating agreements are among the first documents that should be drafted for your business. Both by-laws for corporations and operating agreements for LLC lay out important principles upon which the business is to be run. The purpose of the document is to …

Officers v. Directors

Florida corporations have two levels of authority at the top of the hierarchy: the Board of Directors and Corporate Officers. Within the company, an elected Board of Directors hires and supervises all Officers, and all Officers are employees of the company who report to the Board. While both Directors and Officers serve …

Advantage of Shareholder Agreements

What is a shareholder agreement?
A shareholder agreement is an internal document that sets out the rights and obligations of company shareholders. It covers important matters concerning the management, structure, and funding of the company. This is a valuable tool for governing a company in order to ensure efficient management and …

Importance of Board of Directors

A Board of Directors is a group of people selected to oversee a corporation. Appointed by the shareholders, Directors of Florida corporations serve to ensure that the company upholds shareholders’ interests. They do so by collectively directing the company’s affairs. The key purpose of a Board of Directors is to …