If you own more than one property, you might consider renting one or more out for passive income. Becoming a landlord involves more than simply sitting back and waiting for the cash to flow in, however. Not only do you need to maintain the property and listen to your tenants’ concerns, but you should also be familiar with landlord tenant laws in Miami, FL 33173. It’s always a smart idea to work with an experienced real estate attorney to make sure you’re compliant. Here are some of the landlord tenant laws you need to be aware of before you start... View Article
Contracts often include a whole lot of language that can be tempting to gloss over, but it’s important to be thorough in reading and preparing contracts so you know exactly what you’re getting into and what each party’s responsibilities are. This will go a long way toward preventing contract disputes in the future. One of the most commonly overlooked details in contracts is the “choice of law” provision. This is a particularly important provision for Florida businesses that have clients or customers located in other parts of the United States or internationally. About this provision The choice of law provision... View Article
An S corporation is a specific type of corporation formation that chooses to be taxed under Subchapter S regulations in the tax code. To qualify for S corporation structure and taxation, you’ll first need to create a limited liability company (LLC) or corporation. There are a variety of benefits to choosing an S corp structure for your Florida business. S corps get limited liability protections, meaning they’re treated as separate legal entities. Shareholders of S corps are protected from the debts and liabilities of the company, so they do not have to worry about being held legally liable for the... View Article
When a person dies with a will, that’s only the first step in distributing their assets. The person they named as their personal representative (also known as an executor) must file the will and initiate the probate process, if necessary. Here’s what you need to know about estate planning in Miami, FL. Recording the will Generally, it is unwise to record a will before a person dies. Wills become public documents, which means that it could jeopardize their privacy—the general public would be privy to their assets as well as their end of life wishes and who they choose to... View Article
Choosing your business structure affects a number of things, including your personal liability, tax structure and more. Many business owners decide to incorporate in Miami, FL. While you can do it on your own, it’s wise to work with a corporate attorney. This will ensure that all the paperwork is done properly, and both your business and personal assets will be protected. Here’s an overview of the corporation formation process. Choose the right type of corporation First, you need to decide which type of corporation is right for your business: S corporation: This business entity allows the corporate tax returns... View Article
