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Florida LLC Fiduciary Duties: LLC Member & Manager Duties with Examples

Managers and members of an LLC should familiarize themselves with what their LLC fiduciary duties may be to their company. Understanding these obligations can help reduce the risk of future conflict that could otherwise create personal liability for those with fiduciary responsibilities.  What are Florida LLC fiduciary duties? LLC fiduciary duties generally refer to the obligations of members, managers, and other Read More

C Corp Foreign Ownership & Foreign Shareholder C Corp Guide

Are you a non-U.S. citizen looking to set up a corporation in Florida? We have good news for you: There are no restrictions on C corp foreign ownership of U.S. companies.  You can form and operate a corporation in Florida from anywhere in the world – there is no requirement to be a U.S. citizen or resident, have a green card, or as much as set foot in the United States. However, the rules differ depending on your Read More

Piercing the Corporate Veil in Florida: Protection & Complaint Guide

You may have established a corporate form for your business (e.g., an LLC, s corp, etc.) for the tax and liability protections its generally provides. However, business owners who fail to maintain corporate formalities can become susceptible to piercing the corporate veil in Florida. Here, you'll learn more about how piercing the corporate veil happens along with information about how to prevent it from Read More

Breach of Fiduciary Duty Florida: Damages, Claims & Elements

In business and life, you may rely on another person to serve in a capacity that protects your interests. These relationships can sometimes create claims where fiduciaries don't uphold their obligations (i.e., a breach of duty). A breach of fiduciary duty Florida statute of limitations is 4 years, and below, you'll find more information about these claims in Florida. What is a breach of fiduciary duty in Florida? A Read More

Fraud In The Inducement in Florida (Elements, Defense & More)

The amount of due diligence you can do when entering into a contract with another party often has its limits. As a result, you often rely on the representations and warranties from another party when signing an agreement. You may have a claim for fraud in the inducement in Florida when misrepresentations occur in this context.  What is fraud in the inducement under Florida law? Our fraud in the inducement Read More

Motion For Summary Judgment Standard in Florida Explained

In a legal dispute, motions are used to bring a case to a certain conclusion. This can be used to ask a judge to rule in a certain way, dismiss a case, or ask for a summary judgment. Motions for summary judgment in Florida (found under Fla R Civ P 1.510) are used to bring a case to a close or move a case to the next step in the process. However, there have been some changes to rule 1.510, and we're here to break it Read More

Florida Corporate Bylaws Template & Corporation Law Guide

Are you looking to set up a corporation in the state of Florida? If so, you will need to read up on the requirements for Florida corporate bylaws first. Unlike other business entities, corporations in Florida must have bylaws or a set of internal rules that govern their structure and operation.  If you have no experience drafting bylaws, the process may seem daunting. However, the good news is that there is no Read More

3 Ways To Protect Yourself From Litigation (As A Business Owner)

The fundamentals of maintaining and operating a successful business are straightforward: bring in more money than you spend. However, understanding how money can leave your business is critical. In addition to the money you invest into products and human capital, having to defend your company against lawsuits can pose a serious financial threat.  Litigation can be a result of anyone your business has interactions Read More

Florida Trademark Registration: How to for Business Names & Logos

You want your customers to recognize you in a crowd. Your name and logo connect you to your audience quickly. Protect these vital tools by registering them as Florida trademarks. Florida Trademark Registration Factors The following factors can help you decide whether Florida trademark registration is right for you. How Much Does It Cost to Trademark a Name in Florida? Florida trademark Read More

Florida Franchise Law: Florida Franchise Registration Guide

The rapidly growing world of franchising has given people the ability to start their own businesses at a very low cost. However, if you ask any Florida franchise lawyers, they will confirm that franchising is complex and requires careful planning and attention to detail. This is largely due to the fact that a franchise is a business agreement between a franchisee and a franchisor. As with any business agreement, Read More