A lot of people end up in business with someone without enough thought. Maybe they were already friends, or perhaps circumstances just threw them together. Yet, the success of your business will depend on the success of your partnership. Human relationships can be...
Business Formation & Planning
Mistakes to avoid when buying a franchise
Purchasing a franchise offers several benefits for hopeful entrepreneurs. For example, franchises come with proven business models that provide the resources and support new owners need to increase their potential for success. However, buying into a franchise isn’t...
Can you change your business structure after you open your doors?
Starting a business is an exciting process. Whether you are venturing out on your own, with a partner or forming a corporation, one of the first decisions you must make is the type of structure for your business. Unfortunately, when things are still early in the life...
Changing your business structure after starting the company
Starting a business means making a lot of decisions when things are still uncertain. You pick a name, commit to a commercial space and file business formation paperwork before you have much experience running the company. What you expect and what actually occurs may...
Why business and personal assets should always be separate
You may have heard the term is “piercing the corporate veil.” That typically refers to holding an officer, director or shareholder of a corporation personally liable for something done by the corporation. People in these positions are typically immune from personal...
Why you need an operating agreement for your Florida LLC
If you are operating a Limited Liability Company (LLC) in the state of Florida, you are not required by law to have an operating agreement. However, it is recommended that you have one. This is a document that defines the business’ structure and rules of operation. A...
What you need to know about debt issuance and your business
Many companies take on debt to grow their businesses, and one tactic is borrowing funds from their shareholders. The issuance of debt works a bit differently from other financial instruments. How issuance of debt works Debt issuance isn't new. Most people are...
Why you may want to consider setting up a real estate LLC
Most everyone has heard of limited liability companies (LLC). In recent years, these have grown popular as business incorporation structures for companies aiming to minimize their legal liability. What many don't realize, though, is how there's not just one type of...
Business formation starts with the right information
The urge to start one's own business can hit at any age. Some individuals may have had entrepreneurial dreams from a young age, and others may have had the desire to start a business later in life. Whatever the case, if making this dream come true is the desire for...
Considering co-owner relationships when starting a business
There are many times in life where Florida residents may not want to take a certain step alone. In particular, parties who want to start their own businesses may find it useful to have a partner or co-owner of the business to help with certain aspects of operations....