Signing a corporate lease is a significant commitment for any business. It involves entering into a legal contract that can have long-term financial and operational implications. However, many business owners make the mistake of signing leases without seeking legal advice, which can lead to costly misunderstandings and legal disputes down the road. In this blog post, we will explore the reasons why hiring a lawyer before signing a corporate lease is essential. Understanding the Terms and Conditions A corporate lease agreement can be lengthy and complex, filled with legal jargon that may be unfamiliar to the average business owner. Without... 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
Thinking about starting your own business with a friend? Have you already started one, only to find out that you don’t quite see eye to eye on major issues? The best way to solve (or avoid) partnership disputes in Miami, FL is to clearly define your partnership at the outset—and that requires help from an attorney. Here’s how to handle or avoid partnership disputes in your business: A written partnership agreement: Every business owned by two or more people needs a written partnership agreement. The format may change depending on your business structure, but the general idea is the same.... View Article
Mergers and acquisitions are often mentioned together in corporate law in Miami, FL, and laypeople often assume the terms are interchangeable. However, they refer to completely different legal processes. Even if you do not run a company, chances are you work for one or buy products from them. That makes it important to know the difference—you will know what to expect if you discover your employer or favorite producer of consumer goods faces a merger or acquisition. Here are the differences. Acquisitions Mergers and acquisitions have the same goal: to make a business more profitable. Both of these options support... View Article
A Limited Liability Company (LLC) is the best option for startups because it contains all the protections of a corporation without the complex maintenance. You can form an LLC as one person or if you have one partner—it does not have to be a large company (although it works for big businesses as well). Here are the steps you need to take for LLC corporation formation in Miami, FL: Choose a name: Your business requires a unique name that must contain the initials “LLC” or state “Limited Liability Company.” Most company names have LLC following their primary name (for example,... View Article
