by admin | Aug 20, 2024 | Business, Contracts, Entity Formation, Uncategorized
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...
by Josh Roberts | Jun 10, 2024 | Business, Contracts
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....
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,...
