Shield Your Company: The Hidden Value of a Business Lawyer
In the fast-paced world of business, entrepreneurs often find themselves wearing multiple hats to cut costs and maximize profits. As a result, legal matters may be pushed to the wayside, with hopes of saving money by attempting to also represent themselves as business lawyers. However, there are times that waiting to hire an experienced…
How to Avoid a Commercial Loan Default & Foreclosure Litigation
When running a business, taking out a commercial real estate loan can be a necessary step to achieve financial stability and growth. However, there may come a time when repaying the loan on time becomes challenging and the possibility of defaulting arises. In such cases, foreclosure litigation is likely to follow, which can be…
Avoiding a Breach: Understanding Fiduciary Duties and Responsibilities
As a business owner or executive, it is critical to understand your fiduciary responsibilities. A fiduciary duty is the legal obligation to act in the best interest of another party, and it applies to a wide range of business relationships arising from ownership of business as a shareholder, member, or partner, and as an employer,…
Attorney-Client Privilege in a Business Organization – Who Does It Apply To?
When an individual is pursuing a personal injury claim against a negligent business or defending themselves against a criminal charge, attorney-client privilege ensures their communication with their legal representative remains private and confidential. In these simple individual settings, the rules and regulations surrounding attorney-client privilege are fairly straightforward. In general, no outside parties are…
Differences Between Corporate Representative Deposition and Individual Witness Deposition
During the course of a legal case involving Florida businesses, it is common for one or more of the parties to depose employees, executives, and other individuals who might have knowledge that is relevant to the dispute. These deponents generally fall into one of two categories: Corporate representatives, or Individual witnesses A corporate…
Are Non-Compete Agreements Enforceable in Florida?
In the State of Florida, non-compete clauses in agreements are fraught with legal issues. Add to that, many states have already or are considering provisions to limit (or even ban) the use of non-compete agreements. This is a trend that is likely to continue. Particularly when taking the latest Federal Trade Commission (FTC) rule, if…
What Is a Florida Multi-Member LLC Operating Agreement?
A Florida multi-member LLC operating agreement is an important legal document that outlines the rules and regulations of a Limited Liability Company (LLC). This document serves to define the rights, responsibilities, and obligations of all members involved in the LLC, as well as set out how decisions are made and how profits or losses should…
Succession Planning: Preserve Your Business
Whether your business has been in the family for generations, or you founded and built it from the ground up yourself, you likely want to keep it going after you retire or pass away. Of course, you want to ensure a smooth transition to the new leadership that you have chosen. That’s where succession planning…
Ways For An Established Business To Limit Legal Risk
Every company faces legal risks, no matter its size or industry. To protect their businesses and assets, understanding risk and compliance is essential for owners and stakeholders. If your business is not compliant with official rules and regulations, you may find your company wrapped up in costly litigation. Consequently, your organization will spend time…
The Parkland Condo Association Case: Mediated Settlement Agreements Must be Signed by the Parties and Counsel
The Florida Second District Court of Appeal recently declined to enforce a mediated settlement agreement in the case of Parkland Condo Association v. Henderson, even though the deal was signed by the lawyers for both parties. Let’s review the original dispute and the relevant statute to find out why the court ruled this way: …
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…
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…