Trouble in Partnership Paradise: What to Know, and Do, If Your Business Partnership Is on the Rocks

Business divorces are common.  You and your partner had a million-dollar idea, the entrepreneurial fire engulfed you, and you eloped to the business wedding chapel hoping the love would last.  Now, your partner thinks he’s the next Bill Gates and you’re the one holding him back (he’ll later accuse your attorney of worse, as well as any other attorney that doesn’t tell him what he wants to hear, but we’ll save that Read More

Hiring a Contractor? Four Tips for a Safe and Effective Relationship

Working with an independent contractor is an effective to increase productivity without adding dollars to your payroll. Whether you hire a contractor to perform services outside of your expertise, or to handle a short-term spike in demand, contractors are a popular option for many business owners. Working with an independent contractor, however, can lead to legal nightmares if you don’t properly prepare.  It’s vital Read More

Five Reasons Why Strong Contracts Matter

Most businesses are not blessed with unlimited start-up capital.  Due to a tight budget, lack of time, or a myriad of other reasons, business owners often decide to write contracts themselves and hope for the best.  While watching every penny is prudent and a responsible way to operate your business, investing resources into your legal needs now can save you bundles down the road.  Here are five reasons why strong Read More

Miami Business Law: Five Important Elements of a Partnership Agreement

Starting a business is exciting, and if you’re about to take the plunge, congratulations! However, many business owners get caught up so fully in the excitement of launching, they neglect important steps in the process.  The item most often omitted is arguably the most vital - the Operating or Partnership Agreement. Even though it may seem unimportant at the time (“we’ll put everything in writing later!”), running a Read More

Miami Business Law: Are Your Contracts As Specific As They Need to Be?

All contracts are not created equal. If your business relies on vague, generic contracts to define important relationships, you are setting yourself up for disappointment at best, disaster at worst. Without proper specificity, your contracts may not be enforceable. Or, even if they are enforceable, a vague contract could be interpreted by a court of law in a very different way than you intended. Below are several key Read More

Starting a Business? Here Are Three Common Legal Mistakes to Avoid

If you’re planning on starting a business or already in the early stages, congratulations! Building a business is a challenging but fulfilling endeavor, and I consider myself fortunate to spend a great deal of time counseling and advising business owners and entrepreneurs like yourself. Today I’d like to identify several common legal mistakes which many businesses make in their infancy stages. Avoid these mistakes Read More

Miami Business Law: Are Your Personal Assets At Risk?

Liability is (and should be!) a major concern for business owners. Smart policies and procedures can go a long way towards minimizing your liability - but the fact is, short of closing down your business, it’s all but impossible to completely eliminate liability risks in your business. That’s why liability management, the concept of shielding your personal assets, is so important for business owners. In the event Read More

“Help… I Might Be Sued!” Here’s What You Need to Know

No business owner wants to face a lawsuit. The process can be stressful and time consuming - not to mention expensive (if you hire the wrong firm).  This is why rock-solid contracts are so important - to dramatically reduce your exposure to lawsuits and other legal action. Lawsuits are a reality in today’s business climate. One survey estimates that 80% of business owners will engage in legal action at some point Read More

Miami Business Law: Is it Ever Acceptable to Breach a Contract?

You signed a contract with another business or with an individual. But things changed, and now you’re unhappy with the arrangement. But it’s a contract, so you’re stuck with it… right? Much of time, you’re right. (That’s why it’s important to be very careful what you sign in the first place!) But depending on the circumstances, you may actually have legal methods of invalidating the contract. Today, we’re going to Read More

Miami Business Law: Four Critical Contract Errors to Avoid

At the Trembly Law Firm, we work closely with business owners every day, helping them navigate a myriad of potential disruptive legal issues. While some of these legal issues are unavoidable, many of these disputes could have been avoided if the business owner had taken the proper precautions before signing a contract. Below, we highlight four of the most common mistakes to avoid in your business contracts. 1. Read More