Depending on the type of business you own, different Florida statutes will govern. Without knowing what law applies to their business, many business owners may be violating the law or failing to live up to the requirements of the state without realizing it. Different rules will govern depending on the applicable statute, and therefore the...
Trembly Law
Prior to 1934, only common law fraud dealt with insider trading. However, in 1934, the federal Securities and Exchange Commission unveiled a comprehensive scheme to combat the issue. This was followed up with the SEC Act of 1943. This Act’s section 10(b) has created the most comprehensive scheme used to deal with insider trading. Today,...
By definition, a contract is any verbal or written agreement that creates legally enforceable obligations between two or more parties. Although Florida law treats verbal contracts as legally binding (except under certain circumstances), the risks may outweigh the benefits when it comes to business agreements, as the terms can be difficult to prove. To create...
When deciding upon issuing stocks, there are many considerations to take into account. These include the classes of stock to issue, as well as voting rights. But one often overlooked stock character is the types of restrictions to place on them. Many corporations wish to see that their shareholders remain stable and predictable. Therefore, they...
When deciding how to finance your corporation, there are many considerations to take into account. For example, you may quickly realize that you wish to finance the corporation by issuing shares. But did you consider what rights would go along with those shares? Did you decide what types of shares they would be? These important...
Did you know that the state of Delaware has more businesses legally incorporated there than it has people? With a population of a little over 900,000, and well over 1,000,000 businesses—including 64% of the Fortune 500—what makes this tiny state such a popular spot to incorporate a business? Dating back to the 1800s, Delaware has...
Limited partnerships are a little-known, but very attractive form of business. A limited partnership combines both general partners and limited partners. The difference between a limited partnership and a general partnership is that limited partners avail themselves of limited liability. General partners, however, do remain liable. Because limited partners are protected by limited liability, they...
Florida, like all states, has a special statute in place enunciating the procedures and protections of a limited liability company. One of the major benefits of registering your company as a limited liability company is limited liability, as the name indicates. Limited liability means that you are not personally liable for debts your company accumulates....