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,…

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Common Business Disputes that Could Lead to Litigation

If you own a business, you understand the importance of good planning. You likely spent hours upon hours researching and organizing before you even opened your doors to the public. Successful businesses don’t just happen, they are the result of careful planning and execution. Unfortunately, some business owners overlook an essential aspect of their business…

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Why Your Business Needs a Legal Audit

Why Your Business Needs a Legal Audit

As most business owners are aware, an IRS audit is designed to scrutinize the tax return of an individual or business to ensure accurate reporting and compliance. A “legal audit” functions in a similar way, although the purpose is not to scrutinize a suspicious return, but instead to identify potential issues and ultimately prevent costly…

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Court-Appointed Receivership: Is it Better Than Bankruptcy?

If you’re facing bankruptcy for your financially distressed business, receivership may be a better option for you. A receivership is designed to protect a lender’s assets for an interim period, such as during a pending foreclosure or other litigation involving the business.     Today, we will cover court-appointed receiverships, and why they may be favorable to…

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The Process of Expelling a “Bad LLC Member” in Florida

Multi-member LLCs always have to grapple with the issue of dealing with an unruly, unlawful or otherwise dysfunctional partner. Unfortunately, LLC members sometimes fail to address the procedure for removing or expelling an unruly LLC member in their operating agreement. That being said, although establishing a removal procedure through an operating statement is ideal, LLC…

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It’s Time to Breakup: A Guide to Expelling an LLC Member

Expelling an LLC Member

Breaking up is hard.  It’s usually not pretty.  What started out as a seemingly perfect business partnership has now grown toxic and trust has been lost.  If you start a business with others, it is necessary to be prepared for the relationship to sour at some point. In some ways, this is simply because the nature of business…

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