News from Roberts Law
GAME ON AGAIN: FINCEN’S BENEFICIAL OWNERSHIP REPORTING REQUIREMENTS ARE BACK
Legal Background and Timeline: On January 7, 2025, the U.S. District Court for the Eastern District of Texas issued an order staying FinCEN’s regulations implementing BOI reporting requirements, which temporarily halted the enforcement of the Corporate Transparency...
Are Stocks and Shares the same?
The terms "stock" and "shares" are often used interchangeably in the context of a corporation, but they have distinct meanings and can refer to slightly different concepts depending on the context. Here’s a detailed breakdown of the difference between stock and shares...
What to know before setting up a Delaware entity for a Florida Business
Many websites and online sources push Florida business owners to form a Delaware corporation, as this is the alleged “gold standard” of business entities. In some cases, forming a Delaware corporation can be advantageous based on your operations and plans for the...
Buying a Business: Understand the Difference between an Equity & Asset Purchase
When buying a business, it is crucial to identify what is being purchased and the structure of the transaction. When buying a business, the two primary types of transactions are an equity purchase and an asset purchase. Each method has distinct implications for the...
Requirements for Florida Businesses seeking Investors
Many Florida business owners do not understand the required disclosures and work involved when seeking contributions from new investors. In Florida, as in other states, a company seeking investment is typically required to provide certain disclosures and information...
What is the difference between a PA and PLLC?
In Florida, both Professional Associations (PAs) and Professional Limited Liability Companies (PLLCs) are specific business entities designed for licensed professionals, such as doctors, lawyers, accountants, architects, and other regulated professions. However, there...
What is a Nondisclosure Agreement (NDA)?
A nondisclosure agreement ( commonly called an NDA) is a legally binding contract that prevents one or more parties from disclosing confidential information to third parties. NDAs are commonly used to protect sensitive information during business transactions,...
What happens if I don’t file a Beneficial Ownership Interest Report?
Failure to file a Beneficial Ownership Interest Report (aka "BOI Report") with the Financial Crimes Enforcement Network (FinCEN) can result in significant penalties. These reports are required under the Corporate Transparency Act (CTA), which mandates that certain...
What you need to know about Business Joint Ventures
Joint ventures are strategic partnerships between two or more businesses or entities that join forces to collaborate on a specific project or undertake a particular business activity. Joint ventures are typically formed to achieve mutual benefits that neither party...
Non-Compete Agreements – April 2024 FTC Final Rule and the Future of Enforceability?
In theory, non-compete agreements can serve important and legitimate business purposes; prohibiting employees from working for a competing business or direct competitor in the same field and sharing trade secrets or confidential and/or proprietary information....
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Roberts Law, PLLC
Office (by Appointment Only):
2075 Main Street, Suite 23
Sarasota, Florida 34237
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