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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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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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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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   …

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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…

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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…

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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…

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