Author: Gulati Law

Key Takeaways: Florida’s new Operations Charge law took effect July 1, 2026. The law applies to restaurants, hotels, caterers, food trucks, and other public food service establishments. Mandatory charges must be clearly disclosed along with their purpose. Menus, websites, apps, contracts, and receipts may all require updates. Receipts must separately identify gratuities, operations charges, and […]

Signing a contract without careful review can create legal and financial obligations that last for years. Learn how contract signatures work and how to avoid costly mistakes. Key Takeaways: Signing a contract creates a legally binding obligation. Once signed, the terms may be enforced in court and can affect a business for years. The written […]

Key Takeaways: AI tools like ChatGPT provide information, not legal advice. They can explain concepts or draft ideas but cannot practice law. Estate planning and contracts require fact-specific analysis. Family structure, taxes, assets, and state laws all influence legal strategy. Licensed attorneys provide accountability. Lawyers are regulated by state bars, carry malpractice insurance, and are […]

Key Takeaways; The SBA 504 program uses a three-party loan structure. A senior lender provides about 50%, a Certified Development Company (CDC) provides roughly 40%, and the borrower contributes 10–20%. The CDC portion is funded through an SBA-guaranteed debenture. These bonds are sold to investors and provide long-term fixed-rate financing. The senior lender initially provides […]

Key Takeaways: Florida law requires two subscribing witnesses for any deed transferring real property, with witnesses’ printed names and addresses included. While relatives aren’t automatically disqualified, using family members or people with shared last names or possible interests can raise doubts about the deed’s integrity. Best practice is to choose two neutral, unrelated adult witnesses […]

Key Takeaways: Deciding between a member‑managed, manager‑managed, or Series LLC depends on management roles, tax elections, multiple assets, and state law. Each has distinct advantages and risks. Clear agreements, proper documentation, and tax filings are key to making the structure work for your goals. Choosing the right LLC structure matters when you own or invest […]

Key Takeaways: Setting up an LLC in Florida is easy, but protecting it requires discipline. Avoid commingling funds, sign contracts properly, use an operating agreement, and maintain clear records. These simple steps help prove that your LLC is a separate business and keep your personal assets out of reach in the event of a lawsuit. […]

Executive Summary: Starting July 1, 2026, Florida will allow Series LLCs, letting a single LLC hold multiple protected divisions under one umbrella. Each series can have its own assets, members, and liabilities, making this ideal for real estate investors, multi‑business entrepreneurs, and investment groups. The liability protection works, but only if you comply strictly with […]

Executive Summary: Private equity offers real estate and hotel investors a way to raise large amounts of capital. You’ll need solid legal agreements, clear roles, transparency with investors, and defined exit strategies. Market data shows investor interest is returning but shifting toward more stable property sectors. Investing in real estate or hotels often requires large […]

Executive Summary: LLCs offer liability protection and tax flexibility; corporations are better suited for raising capital. Tax treatment (pass‑through vs corporate) and self‑employment tax matters must be understood. Clear ownership agreements and regular review are important. Choosing the right corporate structure matters a lot if you buy real estate or hotels. The structure you pick […]