Limitation Clauses: A Business Owner’s Guide

Even the most carefully managed businesses face legal risks that could potentially lead to significant financial losses. As an astute entrepreneur, finding ways to minimize liability should be at the top of your priority list. One powerful tool in achieving this goal is through the use of limitation clauses.     Here, we discuss the general…

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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…

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Avoiding a Breach: Understanding Fiduciary Duties and Responsibilities

business law lawyer Kent Frazer, Tampa Florida, The Frazer Firm

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,…

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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…

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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…

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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…

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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…

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