There are many decisions to be made in regards to incorporating. One such decision that may sound overly simplistic is how to finance your new venture. However, this is an often overlooked aspect that could determine how much money may belong to the corporation when it is time to decide to make distributions. The two...
Trembly Law
One of the most exciting aspects of having a stake in an ownership is receiving dividends, or payments. Dividends, however, are not merely available just because the corporation has money in the bank. In fact, many corporations prematurely pay out dividends just because it is compelled to show its shareholders it is profitable. This is...
One of the most unfortunate events in a partnership is a possible dissolution. In most cases, it is clearly not the objective or hope of a partnership to have to fold at some point. When this unfortunate reality comes to fruition, there are a lot of questions left for the partners to answer. One of...
Incorporating is a major step for any business. The benefits of incorporation are limitless. However, the main reason many incorporate is to allow their business to avail itself of limited liability. If the incorporation process is faulty, you may lose your limited liability protections. In those situations, it is important to know if you have...
Shareholders are entitled to a lot of rights within their corporation. Chief among them are information and voting rights. When voting, shareholders can often turn to different strategies to ensure their voice is heard best. Chief among these tactics is vote pooling. Vote pooling is a legal way where shareholders can agree to vote the...
Incorporating is a major step for your business in the right direction. It signals to yourself and others that your business is to be taken seriously. Most importantly, it allows you to avail yourself of several benefits otherwise unavailable. This includes special tax treatment and limited personal liability. But what happens if your incorporation was...
When incorporating, there are many intricate steps and details that follow. One of the first steps in incorporating involves filing proper paperwork with the state. In Florida, as in other states, there are certain provisions that must be included when filing with the state. The consequences of improper filing can be disastrous. In many situations,...
As you may know, a fiduciary relationship is the highest standard of care recognized by the law. It can be created through an explicit agreement to act as a fiduciary, or through a relationship which carries an implied fiduciary duty. There are numerous different types of fiduciaries, but corporate fiduciaries such as business directors carry...