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...
In Florida, businesses are prohibited in engaging in certain business practices. Through the Florida Deceptive & Unfair Trade Practices Act, Florida provides for accountability in order to ensure that businesses refrain from engaging in what is deemed deceptive behavior. While it is redundant to state that a business should refrain at all costs from engaging...
Contracts fulfill many roles in the business world, but perhaps the single most important role is to protect your company from the threat and ramifications of lawsuits. Even if you win the case, a lawsuit has numerous negative implications for your company, including adverse consequences for your financial well-being, productivity, and your reputation. After all,...
The first step in buying a business is actually establishing what exactly it is that you are buying. A business acquisition is not as simple as running down to the general store, picking out the company you like, and swiping your credit card. There are numerous complex details that must be addressed with regard to...