Key Takeaways There are generally two ways to buy a business: an asset purchase, where you buy specific assets and leave the rest behind, or an equity purchase, where you buy ownership of the company, including the debts and liabilities that remain with it. In an asset purchase, the buyer chooses which assets to take,...
Key Takeaways 43% of small businesses have been threatened with, or engaged in, litigation, according to a U.S. Chamber Institute for Legal Reform study cited by The Hartford. Small businesses earning $10 million or less in annual revenue account for just 20% of commercial revenues, but they bear 48% of commercial tort costs, per Institute...
Key Takeaways Florida generally requires an LLC to disclose several addresses on Sunbiz, but not every field requires a home address. A registered agent must have a physical Florida street address. A commercial registered agent service can keep a home address out of this field. The principal office address must be a real business location....
Affiliate marketing can help a Florida business reach new customers through publishers, influencers, bloggers, creators, referral partners, and other third-party marketers. But when someone is paid to promote a business, product, or service, the relationship can create legal, financial, and brand risks. A written affiliate marketing agreement can help define how the relationship works. It...
Businesses raising private capital often rely on Regulation D, especially Rule 506(b) or Rule 506(c). Both exemptions allow issuers to raise an unlimited amount of money without registering the securities offering with the Securities and Exchange Commission (SEC), but they work very differently. For Florida companies, the choice between Rule 506(b) and Rule 506(c) often...
Quick Summary: A Florida LLC tax certificate number is a unique identifier issued by the Florida Department of Revenue, required for state tax filings and business transactions The date of formation is the official date the state recognizes your LLC, which determines filing deadlines, annual report schedules, and compliance timelines To form a Florida LLC,...
At a Glance: Transactional attorneys help businesses handle contracts, negotiations, mergers, acquisitions, and other business transactions. Transactional attorneys focus on preventing legal disputes by drafting clear agreements and ensuring legal compliance before problems arise. Common business transactions handled by transactional attorneys include contract negotiations, business formations, mergers and acquisitions, and intellectual property matters. Transactional attorneys...
At a Glance: Fair use allows limited use of copyrighted material without permission for purposes like education, commentary, criticism, news reporting, and research. A fair use disclaimer explains that copyrighted material is being used under the fair use doctrine and shows an effort to follow copyright law. Fair use is evaluated using four factors: purpose...
At a Glance: Corporate lawyers help businesses handle legal issues, reduce risk, and stay compliant with business laws. Different corporate lawyers focus on areas like contracts, mergers, taxes, employment law, compliance, and intellectual property. Mergers and acquisitions lawyers manage business sales, purchases, negotiations, and company mergers. Compliance and corporate governance lawyers help businesses follow regulations,...
At a Glance: Using your home address as your registered agent makes your personal information public on Sunbiz. Missing legal notices can lead to default judgments and serious financial consequences. Acting as your own registered agent may put your LLC liability protection at risk. Lawsuits served at your business can damage your professional reputation in...
Navigating the business landscape in Florida requires understanding the Florida Department of Business and Professional Regulation (DBPR). The DBPR plays a crucial role in licensing and regulating businesses across the state. For business owners, knowing the DBPR’s functions is essential for compliance and success. The DBPR oversees more than a million businesses and professionals, ensuring...
At a Glance: ADA compliance ensures equal access for individuals with disabilities across both physical locations and digital platforms The ADA, enacted in 1990, establishes accessibility standards that businesses must follow to prevent discrimination Compliance includes features like ramps, accessible restrooms, screen-reader-friendly websites, and clear communication methods Failing to meet ADA standards can result in...
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