A partnership is a very unique business form. That is because a partnership can exist even if there has been no formal acknowledgement that you are engaged in a business. A partnership, however, does have its pitfalls. Despite its lax requirements for existing, partnerships are also one of the few forms of business that do...
Trembly Law
When running a partnership, there are many decisions to be made. More importantly, these decisions should be reduced to writing in a comprehensive partnership agreement. Whatever the partnership agreement lacks will be filled in by the default statute, which in Florida would be the Florida Revised Uniform Partnership Act. In many instances, the statute contradicts...
One of the most common tools a company uses in its smooth operation is the hiring of agents. Agents are great in that they can carry on tasks for the company, freeing up time for the company’s officers and directors to concentrate on the more important tasks. Although agents are known for their efficiency, there...
In any corporation, there is a classic balance that must be struck: the balance of powers and rights between the shareholders and board of directors. While the board of directors seeks to gain power so that it has the relative freedom to do as it pleases, the shareholders often retain rights to have their voice...
In a corporation, there are many issues that emerge, both predictable and not-so-predictable. Not-so-predictable issues are usually those that a corporation never wishes to have to confront. One issue that may emerge is if an elected director that harms the corporation. In such a situation, the corporation may wish to have him or her fired...
When entering a business, there are many considerations to take into account. Unfortunately, what many entrepreneurs consider to be smaller decisions turn out to have huge implications on the life of their business. This is true regardless of the business type. One such consideration is the duration of the business; that is, whether it will...
If you are the owner of a company who is facing some form of a legal dispute, litigation can be tricky business. We live in a litigious society, and oftentimes it can feel like litigation is the necessary route to resolve your business issues. But the fact is, there are times when litigation is appropriate...
When entering a partnership, it is important to announce the rights and duties of all the partners involved, as well as the rules within the partnership. If there are provisions missing as regards the operation of the partnership, the partnership’s rules will default to the applicable statute. In Florida, the Florida Revised Uniform Partnership Act...