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…
Your Company is Going to Be Deposed – Exploring Recent Updates to the Federal Corporate Deposition Rule
Is your corporation involved in a lawsuit? If so, you should be aware that the Supreme Court recently approved an amendment to Federal Rule of Civil Procedure 30(b)(6). What is Federal Rule of Civil Procedure 30(b)(6)? Rule 30(b)(6) is the main rule governing the taking of depositions involving: Public corporations Private corporations Partnerships…
Three Bad Contract Habits Your Business Needs to Break
Over time, we can all build bad habits and not be as diligent as we should be to protect our largest assets. Having well-drafted contracts is an area where both new and established businesses need the guidance of experienced business counsel. Contracts are important documents that can protect your business interests and help…
Should You Form Your Business as a Florida Entity?
As you work through the process of starting a new business, you’ll have lots of difficult decisions to make. However, there are perhaps none more important than choosing the state in which you will incorporate your new entity. There are many reasons to form a business in Florida, including: Strong Corporate Veil …
Does My Business Need to Hire an Attorney?
Small business owners are faced with many decisions every day on how to run and handle their business. As an entrepreneur, the last thing any business owner wants to focus on is legal tasks, issues, paperwork, and especially legal negotiations or lawsuits. After all, owners should be handling the day-to-day operations of their business,…
Strategies to Negotiate Business Contracts
When you are starting a new business, having strong agreements is important. Well-drafted agreements will protect you and your business in the event of a dispute or legal action. However, most contracts involve complex or nuanced issues that non-lawyers would not be aware of and it is important for non-lawyer business owners not to undertake…
Rights of Partners in a Business Divorce
Are you planning to separate from your business partner? If so, it’s crucial for you to understand your rights before you begin the process. The exact nature of your rights will depend on the structure of your business. However, they will typically include: The Right to Access Essential Company Information As a…
Issues to Consider When Litigating a Business Divorce
When you start a business with another person, you hope it will thrive for many years to come. If it doesn’t, you will need to find a way to end your relationship. Most business attorneys will tell you the best way to separate from a business partner is through a process of negotiation and…