BOI Reporting Requirements Halted (For Now) – Corporate Transparency Act is Likely Unconstitutional
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction halting enforcement of the Corporate Transparency Act (CTA) and its beneficial ownership information (BOI) reporting requirements. This ruling, delivered in Texas Top Cop Shop v. Garland et al., blocks FinCEN from enforcing the law until its…
Is Your Business at Risk of a Costly Deadlock?
In the early days of a business venture, equal ownership—where profits, losses, and decision-making power are split 50/50 between two partners—often seems fair and straightforward. But when two partners or evenly divided groups of owners hit a roadblock on major decisions, the business can grind to a halt. This “deadlock” can cripple growth, erode profits,…
Choosing the Right Forum: State Court vs. Federal Court for Your Business Dispute
Business disputes are a reality – and a stressful one at that. When faced with litigation, a critical first step is choosing the right forum: Florida state court or federal district court. This article explores the pros and cons of each venue to equip you for this decision. Understanding the Landscape: Jurisdiction Matters Federal District…
Indemnification: Protecting Yourself and Your Florida LLC
Running a business in Florida comes with inherent risks. Lawsuits, unexpected liabilities, and even honest mistakes can lead to financial repercussions. Indemnification can be a valuable tool to protect yourself and your business from such burdens. This article dives into the world of indemnification, explaining what it is, how it works, and its specific benefits…
Selling Your Florida Business: A Roadmap to Success
Deciding to sell your Florida business can be a bittersweet moment. Excitement about new ventures can be coupled with concerns about the selling process. The Frazer Firm, a leading Florida business law firm, is here to guide you through the journey of preparing for sale and navigating the intricacies of a successful transaction. This blog…
Kent Frazer selected as a Top Lawyer for Business Litigation and Business & Corporate Law by Palm Beach Media Group
The Frazer Firm is pleased to announce that Managing Attorney Kent Frazer has been selected as a Top Attorney in the areas of Business Litigation and Business & Corporate Law by Palm Beach Media Group for inclusion in its 2024-25 Top Lawyer lists for Palm Beach Illustrated, Jupiter Magazine, Stuart Magazine, and Aventura Magazine. The…
Lis Pendens in Florida: Protecting Your Property Interest During Litigation
Owning real estate in Florida is a significant investment, and protecting your property rights is paramount. One legal tool at your disposal is the lis pendens. This blog will shed light on what a lis pendens is, how it can safeguard your property interests, and the situations where it can be filed in Florida. Lis…
Dispute Resolution in Your Florida LLC: Mediation & Arbitration vs. Litigation
Dispute Resolution in Your Florida LLC: Mediation & Arbitration vs. Litigation The world of business is not without its disagreements. Limited Liability Companies are no exception. Member disputes can arise over various issues, from profit sharing to management decisions. A well-crafted Operating Agreement outlining a member dispute resolution process is crucial to navigate these situations…
The FTC’s Non-Compete Ban: Legal Challenges Erupt Across the Country
The FTC’s Non-Compete Ban: Legal Challenges Erupt Across the Country The Federal Trade Commission’s recent ban on non-compete agreements has ignited a firestorm of legal challenges across the nation. Businesses of all sizes are questioning the legality and impact of this new rule, which is set to take effect in the coming months. This blog…
Can I Kick My Partner Out of My LLC for Misappropriating Money?
Running a Limited Liability Company with a partner can be a successful venture, fostering shared goals and combined expertise. But what happens when a partner betrays your trust by misappropriating company funds? Fortunately, Florida law provides options for removing a dishonest member from your LLC. Here, we discuss the grounds for dissociation of an LLC…
The Corporate Transparency Act: Legal Challenges and Business Impact
Florida businesses beware! The Corporate Transparency Act (CTA), which went into effect in March 2024, has sparked a wave of legal challenges across the country. This legislation requires most U.S. companies to report beneficial ownership information to the Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN). Although the CTA aims to combat money laundering…
The FTC’s Non-Compete Ban: What Florida Businesses Need to Know
Florida businesses have long relied on non-compete agreements to protect their confidential information and customer relationships. However, the recent ruling by the Federal Trade Commission (FTC) throws a wrench into this practice. The FTC’s new rule, which is set to take effect later this year, effectively bans most non-compete agreements nationwide. This poses a significant…