FTX Bankruptcy – What Will Happen to Investors’ Money?

If you have been paying attention to financial news recently, you have probably heard that FTX, one of the world’s largest cryptocurrency exchanges, has declared bankruptcy. Its founder and former CEO, Sam Bankman-Fried has been indicted by the U.S. Department of Justice and is awaiting extradition from The Bahamas. The firm’s rapid collapse has left…

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What We Can Learn From Elon Musk’s Twitter Buyout

In April, Elon Musk— famous for Telsa and SpaceX—shocked the world when he announced his intentions to buy Twitter for $44 billion. Twitter agreed to this decision, but shortly after, Musk got cold feet and attempted to back out of the agreement.    But on October 27, the deal was closed, and Musk became the…

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Elon Musk’s Purchase of Twitter and Taking a Public Company Private

If you have been paying attention to the news recently, you have probably heard that Elon Musk is purchasing Twitter. The deal is expected to cost around $44 billion, and Musk has announced that he plans to take the company private.    When an organization goes private, it removes itself from public stock exchanges like…

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It’s Time to Breakup: A Guide to Expelling an LLC Member

Expelling an LLC Member

Breaking up is hard.  It’s usually not pretty.  What started out as a seemingly perfect business partnership has now grown toxic and trust has been lost.  If you start a business with others, it is necessary to be prepared for the relationship to sour at some point. In some ways, this is simply because the nature of business…

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What Happens When It’s Time to Close My Business?

General Overview Entity selection – the process of determining which entity to use when establishing a business – is one of the critical areas when starting a business. If a business owner chooses the “wrong” entity, it can have significant ramifications in the future. Similarly, there are also important considerations when closing – or dissolving…

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New Florida State Sales Tax Law Governing Out-of-State Sellers

New Florida State Sales Tax Law Governing Out-of-State Sellers

The collection and remittance of sales tax by out-of-state sellers has been a prominent issue for many years. One of the main points of contention involved in this matter has been the treatment of out-of-state sellers with limited physical contact with the state in question. If an out-of-state seller has only minimal physical contact with a…

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President Biden’s Vaccine Mandate and Florida’s Response

President Bidens Covid 19 Vaccine Mandate

On September 13, President Biden issued an executive order that calls for private employers with 100 or more employees to obtain proof of vaccination, or proof of a negative COVID 19 test, from their workers. This measure is part of President Biden’s six-part “Action Plan” which is designed to combat the spread of the Delta variant and further maximize public safety. In…

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Choosing between Federal and State Court for Business Litigation

All attorneys and many potential litigants are aware that venue can have a major impact on the process and outcome of a case. Clearly, whether a case is successful or unsuccessful depends to a large degree on its merits; but, the location where a case is litigated and tried can also have an influence as…

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