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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...
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...
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...
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...
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...
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....
Like when taking any major action, Florida residents wanting to start businesses need to come up with a plan. A business plan can make a considerable difference in ensuring that parties have a solid direction to go in when trying to get their companies off the ground....
Having dreams of being an entrepreneur is admirable. These dreams can drive a person to take important steps toward reaching the desired goals, but business formation and eventual success can be difficult to achieve. However, that does not mean that Florida residents...
When starting a business, it is unlikely that individuals will seek immediate success. Certainly, small successes can be achieved early on, but it typically takes a considerable amount of time for a company to thrive and grow into a powerhouse business. As a result,...
Starting one's own business is an exciting time. However, it can also be immensely complicated, and if Florida residents hoping to open the doors to their companies do not think ahead, they could end up struggling far too soon. In particular, it is important that...
