Blogs

Are you thinking of hiring an employee? If so, give careful consideration to the questions asked in your company’s employment applications. There are a number of problem areas that can land your business in hot water if you include them in an employment application or ask them during a job interview. If you plan to develop your own job application and aren’t sure what you can legally ask, consult with an employment law attorney who can advise you about the law in your state. What Can I Legally Ask? There are a few basic details that nearly all job applications…Read More

What Is A Prenuptial Agreement? Also known as a prenup, a prenuptial agreement is an agreement to pre-determine the terms of a divorce before you have married. While some people criticize prenuptial agreements as being a bet that you will divorce, in fact drafting a prenuptial agreement is often a good decision, even if you have no doubts about the marriage. Not just for the rich and famous, a prenup is a good idea for many couples. What If You Have Few Assets? Regardless of your circumstances at the time of your engagement, a prenup can be useful. Even if…Read More

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 consider when purchasing a Florida business. Personal Factors First, whether you are starting a business from scratch or purchasing an existing business, think about your ability to run a business. Do you have experience running a business, or resources to help you along the way?…Read More

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 franchise. Before investing in a franchise, consider the following. Cost When buying a franchise, you’re paying for the right to use the franchisor’s name and receive assistance running the business. You’ll incur initial franchise fees in addition to the types of start-up costs common to…Read More

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. An employment agreement is a written agreement between an employer and an employee that lays out the terms of employment. Although employers are not required to have employees sign such documents, it is often a good idea to have a written employment agreement in order…Read More

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 property taxes owed. This is a powerful legal tool, filed with the local recorder’s office. What A Lien Does A lien is attached to property, such as a car or house. Once a lien is filed, it can prevent the owner from refinancing, transferring, or…Read More

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 govern the business’s internal operations in a way that meets the business owners’ needs. What Are By-Laws And Operating Agreements? By-laws and operating agreements are decisions made among shareholders and co-owners about how the company should be governed. An operating agreement is the term used…Read More

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 important roles to oversee company operations, these roles have distinct differences. The Board Of Directors Every member of the Board of Directors is elected by the company’s shareholders. Each member of the Board is considered to be a Director. These elected officials oversee company operations, making sure that…Read More

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 ensure the company’s prosperity by directing its activities. The Board has many duties. Board members are charged with responsibilities including establishing the mission, vision, and values of the organization. How does the company view itself? This will guide the company’s growth and set the pace for both current and future…Read More