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Florida S Corp vs LLC: What’s the Difference & Which is Best?

Limited liability and the S corporation are two popular business structures for the modern venture because of their unique benefits compared to traditional entities such as C corporations and partnerships. However, knowing the difference between a Florida S Corp vs LLC can be difficult. Our article addresses these differences to help old and new businesses better understand their choice of entity options. Florida Read More

LLC vs Inc Pros & Cons: What’s the Difference & Which is Best?

How you choose to establish your business will have a major effect on every aspect of your company. Many businesses have a three-letter abbreviation at the end of their official legal name, either LLC or Inc. These letters show what type of legal entity it is. Comparing an LLC vs Inc can help you understand the pros and cons of each type of business entity.  In this article, you can explore the major Read More

US LLC Foreign Ownership Guide: Company, Single & Multi Member LLCs

The subject of foreign ownership of American companies has been of great interest to international investors and companies. LLC foreign ownership is a popular vehicle for international investors due to its flexibility. An LLC allows an investor to buy a stake in a U.S. company without being an actual member of the company’s board of directors. This makes it easy for investors from outside the United States to invest Read More

Can LLC Members Sue Each Other? (What are Legal Grounds?)

Owning a business with others can be a gratifying and financially rewarding experience. Having business partners can allow for sharing in the financial risk and benefit from access to a diverse range of skillsets. However, serious conflict or wrongdoing by your partner may leave you wondering, can LLC members sue each other? Our article provides the answer.  Can LLC members sue each other?  The Read More

What is a Non Solicitation Agreement (& Can You Get Around it?)

Florida non-solicitation agreements are important to have in place for many reasons. For instance, a non-solicitation clause can be used to prevent employees from soliciting clients and customers when they leave the company. They can also be used to protect trade secrets, which are generally defined as non-public business information. Florida non-solicitation agreements are also useful when dealing with investors, Read More

What Happens if You Break an NDA (Violation Penalties & Remedies)

Prior to signing a non disclosure agreement (NDA), you may want to know what happens if you break an NDA. Knowing the potential penalties and scenarios for breaching an NDA can provide assurances and prepare you for worst-case scenarios. Additionally, if you believe another party breached an NDA with you, then knowing possible recourses available is the next step.  What happens if you break an NDA in Read More

What Happens When A Real Estate Contract Is Breached

For most people, buying real estate is one of the most significant financial decisions of their lives. In addition to the substantial amount of money changing hands, people invest a lot of their time into the process. Some deals are contingent on the buyer selling their home. If, for example, a buyer breaches a contract, there could be severe consequences for the buyer and even the buyer’s buyers.  What Is A Read More

Don’t Wire Money To Someone Posing As Your Lender

Buying a home—whether it is your first or last one—can be a rewarding experience. Owning a home not only has financial benefits, but people can have a lot of fulfillment in having something that is uniquely their own. Sadly, some wish to exploit or take advantage of people seeking their own homes.  Criminals who try to profit off others like this have developed highly elaborate means of doing so. These are Read More

4 Tips About Franchising and Licensing From the Experts

While building a successful business from the ground up is an immensely impressive accomplishment, plenty of people don’t want to start from scratch. For everyone looking to jump straight in, franchising and licensing are great options. They have both served to launch and further careers in huge ways. Franchising is where a business’s brand and operations are shared in exchange for a fee. When someone opens up a Read More

Florida Promissory Notes: Requirements, Types & Differences

A promissory note Florida is an instrument for borrowing money from one party to another that is common in many personal and business settings. Here, you'll learn more about Florida promissory note types, including secured and unsecured, along with requirements and a template for further understanding.  The Purpose of Promissory Notes in Florida Law The purpose of a Florida promissory note is to create a Read More