by admin | Dec 15, 2023 | Business, Entity Formation
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...
by Josh Roberts | Dec 15, 2023 | Business
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...
by admin | Jul 20, 2023 | Business, Entity Formation
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...
by admin | Jul 15, 2023 | Business, Contracts
It is common for various Florida business contracts to include non-solicitation clauses (also known as non-solicit clauses), which typically refer to a provision that restricts one party from soliciting or actively seeking to do business with the customers, clients,...
by admin | Jun 30, 2023 | Business, Contracts
In the context of a Florida contract, a non-solicitation clause typically refers to a provision that restricts one party from soliciting or actively seeking to do business with the customers, clients, or employees of the other party. The purpose of a non-solicitation...
by admin | Jun 9, 2023 | Business, Succession Planning
Probate can be a time-consuming and inconvenient way to pass property, assets, or a business to heirs or intended successors. It is also unattractive since probate could tie up the future of the business and its management for a period of several years and cost tens...
