What You Should Know About Buying a Condominium in Florida

With its stretches of sandy beaches and year round sunny weather, Florida is home to some of the most desirable condominium communities in the world. Despite the allure of less maintenance and a more manageable mortgage payment, condo living can pose certain challenges. If you’re thinking about buying a condo in Florida, it’s important to understand the pros and cons. Here’s what you should consider. COA FEES ADD Read More

What You Need to Do Before Hiring Your First Employee in Florida

Congratulations! After months (or years) of tireless work, your business has finally expanded to the point where you feel comfortable bringing aboard an extra pair of hands. This blog will focus on what you need to do to hire and onboard your employee effectively (and in accordance with applicable laws). Forms, Forms, Forms You might have déjà vu back to when you formed your company when you start gathering Read More

Starting a Home Business in Florida

There are many kinds of businesses you can run out of your own home in Florida. However, a home-based business is still a business, which means you need to comply with all applicable state and local laws and other restrictions. There are also tax and insurance implications. Here are several things you should consider before your big launch. Zoning — Just because you own your house doesn’t mean you can do anything Read More

Ways a Business Contract Can be Breached (Material vs. Immaterial)

Any given business, no matter how big or small, is guided by its underlying contracts with internal and external stakeholders. Therefore, it’s not unexpected that one of the most common disputes in the business world is breach of contract. There are different levels of contract breaches, though; some breaches are minor, while others can result in the invalidation of the entire contract. This blog will explore some of Read More

Can Your Business Interruption Insurance Cover COVID-19 Closures?

If your business has been scaled back or closed down due to the COVID-19 pandemic, you may think of looking to your insurance covering losses for interruptions in your business. However, it is not a sure thing that such coverage is triggered in these circumstances. As the pandemic continues to evolve, so have court interpretations of policy language restricting coverage to certain types of business interruptions. To Read More

Considerations for Cash-Only Real Estate Sales in Florida

Since the Great Recession made itself known in late 2008 and early 2009, the amount of cash-only real estate closings has risen (nationwide, it has nearly doubled). In fact, south Florida is a hotbed for cash-only real estate closings; the rate routinely hovers around 50 percent in the Fort Lauderdale area. Both buyers and sellers can benefit from real estate sales that do not involve mortgage financing. Why Read More

Obtaining Small Business Loans Under the CARES Act

If you own a small business that is suffering from the economic downturn caused by the COVID-19 pandemic, you may qualify for financial assistance through the Coronavirus Aid, Relief, and Economic Security (CARES) Act. This federal law, passed in March 2020, provides $376 billion in pandemic relief money for American workers and small businesses — those with fewer than 500 employees. Nonprofit organizations also Read More

Benefits of Converting Your Florida Business

For many reasons, it is not uncommon for business owners in Florida to alter the structure of their companies as needed. As revenues increase and your business expands, there will be new challenges and opportunities that simply cannot be addressed with the current structure. To help you prepare for a possible conversion, this blog will provide a general overview of converting differing businesses in Florida. Sole Read More

An LLC Operating Agreement Isn’t Required by Law, but You Need One

What are the hazards faced by a small business? We can spot the obvious dangers: direct competitors, suppliers who could destroy our bottom line with a single price hike and of course, legal troubles. But just as often, there are dangers lurking from within. Disputes among owners or partners are common reasons for even a successful business to go off course. Preparing for this possibility is not only prudent but Read More

Key Aspects of the CARES Act Provisions Authorizing Small Business Loans

Small business owners are necessarily prepared for various types of challenges, but what do you do when the government orders you to close for an indefinite amount of time? Unfortunately, the COVID-19 pandemic has put millions in this very difficult position. Even worse, it is still unclear in many places when authorities will allow businesses to reopen their doors, and what the U.S. economic landscape will look like Read More