It if weren’t for limited liability that shareholders of a corporation enjoy, not many people would be willing to engage in multimillion (and multibillion) business transactions. Fortunately for shareholders, LLC members, and partners in a limited liability partnership, having ownership of certain types of businesses allows for limited personal financial liability when it comes to...
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Here in the State of Florida, and elsewhere throughout the country, employees and job applicants are protected from various forms of discrimination. Employees are also protected from retaliation by employers when they engage in certain types of behavior related to these protections. If you’re a business owner in Florida and an employee or job applicant...
A common type of restrictive covenant used in the business world is what’s referred to as a “non-circumvention agreement.” This agreement shares some characteristics with non-compete and non-disclosure agreements but serves a distinct purpose for business owners who want to ensure they are compensated for business opportunities they present to other companies. How Does a...
Find the Employer Law Advocates You Need At Trembly Law The Coronavirus (or “COVID-19”) crisis is generating seismic changes throughout the economic landscape of many, if not all countries throughout the world. Such changes force business owners and employers to consider how they manage their business operations, which in turn make it difficult to manage...
In a recent post, we provided some general do’s and don’ts for employers planning on using non-compete agreements to protect their legitimate business interests. Broadly speaking, there are several requirements for employers to meet in order for a non-compete agreement to be enforceable in Florida (an employer-friendly state). The main reason these requirements exist is...
If you are considering working with an independent franchise association, it is important to understand that there are benefits as well as disadvantages of going this route. Understanding all of the differences between them can help you make an informed decision about what is most appropriate for you. An independent franchisee association is an organization...
In Florida, partners are expressly permitted to leave a partnership at any time as long as it is not in contravention of a partnership agreement or leaves as a result of going bankrupt during the term of the partnership. Florida has adopted the Revised Uniform Partnership Act. This allows the partnership to be treated as...
Non-compete agreements, which are sometimes referred to as “restrictive covenants,” are highly debated and, sometimes, hotly contested (in court). Many states (like California) take the position that they are unfair to rank-and-file employees, while other jurisdictions (such as Florida) contend they are necessary for providing small businesses a fair shake in free enterprise. Even though...