News from Roberts Law
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....
S-Corporation Primer
Primer on S-Corporation Basics, Ownership Restrictions, and Election Considerations An S-Corporation (S-Corp) is a specific type of corporation that elects a special tax status with the Internal Revenue Service (IRS) in the United States. It's named after Subchapter S...
The Corporate Transparency Act is Here: Is Your Business Ready?
As of January 1, 2024, most small businesses in the United States (now classified as “reporting companies”) will be required to submit reports and updates to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) that disclose specific company...
Which States Have Active Privacy Laws?
A common misconception that we run into with our Florida-based limited liability company (LLC) and corporation (Inc.) clients is their belief that they only need to be compliant with Florida’s privacy laws. As a friendly reminder, businesses should be compliant...
Challenges to 50/50 ownership in a business
The question of whether 50/50 ownership of a company creates issues largely depends on the specific circumstances and dynamics of the individuals involved. While a 50/50 ownership structure can have advantages, such as shared decision-making and equal control, it can...
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Roberts Law, PLLC
Office (by Appointment Only):
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