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...
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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...
Shareholders are entitled to certain rights as investors in a corporation. One of those rights the right to access information via certain books and records in a corporation. However, in Florida, there are specific procedures that are needed to be followed in order to access the information sought. The procedures and score of what can...
When incorporating, there are many important decisions to be made. Chief among them is deciding which state to incorporate in. Because most corporate law is decided by state statute, deciding what state to incorporate in will determine the majority of the laws your corporation must follow. There are a number of factors that a corporation...
There are many decisions to be made when incorporating. Chief among them is what state to incorporate in. While there are many considerations that go into deciding which state to incorporate in, there is a very interesting debate to be made as to which state is best for corporations. This debate centers around one question:...
Depending on the state in which you organize your partnership, different laws will apply. With that goes the natural conclusion that there will be different results and different implications when running your partnership. All states follow either the Uniform Partnership Act (“UPA”) or Revised Uniform Partnership Act (“RUPA”). Florida, for example, follows the Revised Uniform...
Hiring employees is an investment. While they are needed to ensure all the needs of a company are met, great investments are made in training those employees and entrusting them with certain information–information that could be destructive to a company if it is shared outside of the company. That is why many companies turn to...