So you have decided to join forces with someone who shares your vision and passion to start a new venture. Before coming up with a business plan, marketing strategies, and services offered, it is important to lay some groundwork and draw up a Florida Partnership Agreement, Florida Bylaws, or a Florida Operating Agreement depending on […]
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If you have never heard of a super lien, do not be surprised. Many home and property owners do not understand the implication of the “super lien” until it comes time to sell their home or property. Liens usually occur following a violation filed against real property. This happens when the city believes there is […]
Read MoreHaving a business passed down to you can be an exciting yet scary endeavor, and the situation varies widely depending on how well prepared you are for the transition. Hopefully, you have spent enough time with the business to understand the plans, key players, and how to best serve your clientele. Reviewing and updating documentation, […]
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A tax-deferred exchange is a where property owner trades one or more relinquished properties for one or more replacement properties of “like-kind”. The payment of federal income taxes and some state taxes on the transaction is deferred until a later date, instead of a typical transaction where the property owner pays the taxes on any […]
Read MoreFlorida Governor, Rick Scott, signed many significant changes to the Landlord-Tenant Act that became effective July 1, 2013. There are many new changes to the Florida law that Landlord’s and Tenant’s must be aware of. Below is a list of a few changes made to the Florida Landlord-Tenant Act: Attorney Fees – In the past […]
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A Land Trust is an incredibly useful document that may benefit and protect you as a property owner. Most tax advisers and U.S. attorneys are unfamiliar with the purpose and value of a land trust, and do not know how this device works. Through the use of a land trust, you are able to keep […]
Read MoreFor developing entrepreneurs, one of the most pertinent obstacles encountered when starting a small business is obtaining the funds. Money is always a major concern for those who desire to be successful throughout the ups and downs of business. When applying for a business loan, there are a few things to consider: Fitting the Criteria […]
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U.S. Realtor’s, rental agents, and closing agents are encountering an increasing number of situations that involve foreign persons selling their U.S. real estate. The sale of a U.S. real property interest by a foreign person is subject to the Foreign Investment in Real Property Tax Act of 1980 (also known as FIRPTA) income tax withholding. […]
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