Renewing your business entity status is crucial to maintain the legal status and operational continuity of your business. As a corporate lawyer and small business owner, I want to share some information that will help you renew your LLC in Florida this year (and every year) and offer a few insider tips to make the process go more smoothly. Which …
The day you set up a limited liability company (LLC) is like your business’s first birthday. It’s big enough to stand on its own, growing bigger by the day, and facing challenges it’s never met before. However, mistakes lurk around each corner of LLC formation in Florida, so we’re here to help you get it right the first time. What Are …
You probably know deeds are legal documents that transfer legal ownership of an asset from one party to another. However, you might not know that there are a myriad of deeds used in each state, each with different powers and limitations. The one you need depends on when and how you want to relinquish control of a property. For example, …
There’s a new standard in place for virtually every company incorporated or registered to do business in the United States. Beginning on January 1, 2024, all legal entities and organizations are bound by the Corporate Transparency Act, which requires them to disclose information about their owners, officers, and controlling persons. Read on for an experienced business attorney’s recommendations on compliance with the new …
What do millionaires have in common? It isn’t six-figure salaries, trust funds, or their bank balances—it’s the rules they follow to meet their goals. The truth about how to make your first million is surprisingly simple: save early, invest wisely, avoid debt, and keep track of every dollar you spend. No matter where you’re starting, a disciplined strategy significantly increases …
If you’re a small business owner, estate planning might be the last thing on your mind. The day-to-day running of the company is likely filled with payroll concerns, marketing metrics, and attracting the right kind of talent to boost your growth. Unfortunately, many small business owners who put off estate planning don’t realize that they’re putting everything they’ve worked for …
Whether you welcome new technology, fear our new robot overlords, or don’t know what to think about AI integration, there’s no denying that 2023 is fast becoming the year of artificial intelligence. The rise of programs like Grammarly© and ChatGPT© using natural language processing to provide nearly-human responses is taking the world by storm. As a savvy entrepreneur, you’re probably asking, …
Your business wouldn’t exist without you, but that doesn’t mean you and your business are one and the same. For you to maximize the benefits of owning your own company, it’s essential that you maintain two distinct entities: your business, and you as its employee. Thinking of your business in this way has many advantages. One, you have a better …
Monopoly©. One of the best ways to learn about starting a new business is through this board game. This life-like game not only teaches how to strategize but when to buy or when to sell as well as educates some of the fundamentals of your cash flow. Is it better to own one of Park Place or Boardwalk or the …
Do you remember as a kid having a lemonade stand? It seemed so simple to sell lemonade. All that you needed was a sign, customers, and lemonade, right? As a kid, you didn’t think about how the customers were going to hear about your business (marketing), where you are going to get money to make the lemonade (financing), or what …
