Gulati Law is Awarded 2019 Law Firm 500 Honoree

Gulati Law, P.L., named a 2019 Law Firm 500 Honoree for Fastest Growing Law Firms in the U.S.

Over the past 3-years, our team at Gulati Law, P.L., have been dedicated to providing excellence in customer service resulting in many happy clients. In doing so, our commitment and focus has taken us on a fabulous journey of growth – both personally and for our business.

We are pleased to announce that our law firm has been named a 2019 Law Firm 500 Honoree awarded to the Fastest Growing Law Firms in the US. Although this recognition is calculated on growth, it could not be possible without the continued operational excellence and commitment to client service exhibited by our team each and every day.

Thank you so much to our loyal clients, colleagues, family, and partners who have supported us as we have grown.

The Law Firm 500 Award is an honor for our firm to receive and a tribute to our team. Of course, we could not have achieved this truly remarkable accomplishment without our devoted team. Each in their own way has contributed to making this possible.

As we continue to grow, we encourage you to follow our progress and stay in touch!

 

About Gulati Law

Gulati Law has focused on serving their clients with more of a personal boutique style of representation. Gulati Law’s has a sophisticated mix of clients who venture in, among other things, informational technology, restaurants, media, financial services, manufacturing, retail, hospitality and lodging, and many other diverse businesses. Gulati Law’s team handles real estate closings, including commercial deals, 1031 Exchanges, and re-finances. They also assist clients with their contract preparation, small business formation’s, asset protection and set up.

For more information about our firm contact us at (407) 900-5054 or Office@GulatiLaw.com

 

Make sure your Hotel is ADA Compliant!

“Drive by” ADA lawsuits are once again on the rise. These professional plaintiffs and their unscrupulous lawyers know that most warranties on pool lifts installed in 2012-2013 have expired and that some pool lifts are in need of repair. Now it is more important than ever to be proactive with your ADA compliance.
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These plaintiffs are hoping that you won’t take the time or spend the money to get the lifts repaired. Don’t be an easy target!  Get your pool lift inspected and repaired today. The money you spend now will save you even more money and the aggravation of a lawsuit in the future.  If your property is not ADA compliant, the question is not will I get sued, but when. We can refer you to vendors who provide ADA inspections, so don’t delay. Avoid a lawsuit now — make sure your pool lift and your entire property is ADA compliant.
Attorney Gulati is a proud Florida Ambassador of one of the largest organizations in the nation, Asian American Hotel Owners Association, representing thousands of hotel owners nationwide.
Complimentary Source: AAHOA

Why do I Need an Operating Agreement for my LLC?

While many states do not legally require your Limited Liability Company (hereinafter “LLC”) to have an operating agreement, it is not a wise idea to operate an LLC without one, even if you are the sole owner of your company. An operating agreement will help you protect your limited liability status, specify financial and management roles to avoid common misunderstandings, and in order to make sure your business is governed by your own rules, not just the default rules created by your state.

For instance, if an owner/manager contributes more assets than the others, you may want to give that person a greater share of the profits. Or you may want one or more of the owners to receive a salary for their participation and services. Most importantly, you will need to have tailored provisions on how to value an owner’s interest in the business if the owner dies or leaves the company. It will also get you to focus on issues you might not have thought through with your other business partners.

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A well-drafted Operating Agreement will provide the following, but not limited to:

  • Provide a framework for the settlement of disputes between members/managers;
  • Prevent a member from selling his/her interest to a third party without first offering it to existing members (rights of first refusal);
  • Provide a framework for the purchase of membership interests by the remaining members in the event a member dies or becomes legally incompetent;
  • Prevent a member from competing against the company both now when he is a member and for a number of years after leaving the company;
  • Require members to maintain the confidentiality of all customer names and other company records;
  • Prevent a member from impairing the goodwill of the company;
  • Prevent a member from soliciting customers away from the company. Provide for the indemnification of the members and officers of the company;

At Gulati Law we ensure that our clients are furnished with a tailored operating agreement drafted to suit the needs of your business and the laws of our state. Contact us today, for yours!

 

Americans with Disabilities Act Lawsuits Impacting Hotel Owners

It has come to our attention through our clients and other Hotel Owners/Hotel Management, that there has been a significant increase in the number of lawsuits against hoteliers for violations of the Americans with Disabilities Act (hereinafter “ADA”). A typical scenario is that a single plaintiff files over 50 lawsuits against hoteliers in a specific geographic region that has been inspected. In each of these cases, the plaintiff’s central issue focused on pool lift regulations. It is therefore extremely important for hoteliers to understand the ADA requirements and what you need to do to comply with the law. We have helped defend some of these lawsuits and had success helping our clients settle them, unfortunately this is something you cannot ignore.

“The United States Department of Justice has compiled a list of requirements to encourage compliance with pool lift regulations, a set of common questions and answers and checklist for lodging facilities. Knowing your rights and responsibilities is the best way for you to protect your businesses, your investments and your families from parties who are looking to exploit these issues to turn a quick profit at your expense.”

Please follow the links below to review these rules and ensure your hotel properties are compliant with the law:

ADA Pool Lift Requirements
ADA Checklist for New Lodging Facilities

As an Ambassador of the Florida Region of AAHOA and a Florida Hotel Attorney, Attorney Sarah Gulati, would love to hear all your concerns and issues regarding ADA lawsuits targeting pool lift compliance. 

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Source: AAHOA bulletin~by Chip Rogers AAHOA President & CEO.

Broward County’s New Recording Procedures

journalsBroward County, Florida, has released a recent update on their new record keeping procedures. Effective January 1, 2015, Broward County will no longer assign Book and Page numbers to the documents being recorded. The new record keeping procedures will be done through an “Instrument Number” which is how the documents will be found if searched in their database. They do make an exception for large format documents. See Broward County’s Memo for further information.

Source: RTT Instrument Number Memo

ATTENTION: NEW FLORIDA SMALL BUSINESSES- BEWARE OF SCAMS!


scam1

A Florida company based out of Tallahassee, Florida, has been attempting to convince new business owners who have recently formed a new corporation or LLC, to send money by exaggerating to be involved in a vital step in the business formation process. This “company” has gone by other aliases such as the “Florida Center of Corporation,” and now currently operates under “United Business Services”

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In the letter it states: “You have one step left to receive your Florida Certificate of Status”, they are instructed to complete their filing by filling out a stub and to “mail back to the corporations center with your payment of $47.00 (some recent mailings have said $47.99 or a similar amount) to complete your articles of organization certificate.” We urge caution because the correspondence is made deceptively like it is coming from a government agency. And note in the image here, that in very fine print, it states that “This is not a government agency.”

 

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We classify this as an inappropriate deception of the Florida Department of State services because the only service United Business Services is providing is to obtain a Certificate of Status (or good standing) from the Secretary of State of Florida.  The state only charges either $8.75 (for an INC) or $5 (for an LLC) for this.  Furthermore, when we checked the address for the company, it came up as an empty office space which is available for rent. The company came up in no searches affiliated with that address, or any other.

 

If you have any questions as to the legitimacy of these letters, do not hesitate to contact your Florida Business Law Attorney as soon as possible.

Maintaining Accurate Records

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Regardless of the size of a company, whether a small business or a large one, it should comply with its state law record-keeping requirements.

Here is a list of some of the important corporate documents to maintain:

– A copy of the corporation’s articles of incorporation or organization;

– Corporate bylaws or operating agreement;

– Organizational minutes;

– Annual reports;

-Minutes from any shareholder meetings;

-Maintain an updated list of all executives, employees, etc;

-Accurate accounting records; and

-Important Financial statements.

 

For a year-end business check-up, contact your Business Law Attorney today!

Conduct a Year End Clean-Up for Your Business

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As the year end approaches, there are some important questions to ask yourself about your business. Where does your company currently stand financially? What do you plan to achieve in the upcoming year and next five years? In order to answer some of these important questions, the first thing to do, is conduct a year end clean-up for your business.

The first recommendation is to check all your contracts and agreements currently in place, and see if there are any amendments, updates, or law changes that need to be made in the document. If contract and/or agreements need to be updated and have not been done so already, this would be the perfect time to update them for the upcoming New Year.

Secondly, your corporate binders should be updated, as they include all the important legal documents that manage your business. The incorporation documents, the bylaws or operating agreements of your business, the policies and procedures, as well as the minutes from the meetings need to be updated on a bi-annual or annual basis to make sure they comply with the Florida Statutes and new laws in effect.

Another thing to clean up is your employee, independent contractor, and/ or vendor agreements, as they should comply with the current laws, should have a good standing effective date, and still be up to date. Many times when we are retained, we find our client’s agreements are outdated or non-compliant with Florida laws. Maintaining and updating your business paperwork can take a lot of time and effort; however it is a necessary step that needs to be done on a yearly basis, in order for you to run your business effectively and successfully!

If you have any questions about conducting a year end clean-up for your business, feel free to contact your Business Law Attorney today, we will be happy to assist you through this process!

 

Tips for Small Businesses this Fall

Now that summer is over and you’re settling back into your regular routine, it’s a great time to do a quick checkup with your books and payroll.

Here’s a short checklist of tasks to help ensure that your payroll runs smoothly through the rest of the year:

  • Employee profiles: Start reviewing your employee profiles in your Payroll program, including employees’ addresses, phone numbers, and Social Security numbers. You want to make sure you have all the updated information for year-end.
  • Tip: Ask your employees to verify the information on their next paychecks and to submit an update form with any necessary changes.
  • Employee documents: Put together a list of the important documents you need from your employees, such as federal Form W-4, federal Form I-9, and state tax forms. To avoid fines from state audits, make sure you have updated tax forms from your employees, especially Form I-9. You can also find the forms you need on the IRS website.
  • Payroll Items: Look through items in your Payroll Item List and make sure all of them have the right tax tracking type.
  • Bonuses, reimbursements, and deductions: Start thinking about bonuses, reimbursements, and deductions you would like to show this calendar year, such as 401(k) and Health Savings Account (HSA) contributions. Remember that you only have until the end of December to make sure these amounts will appear on employees’ 2014 W-2 forms.

Source: Quickbooks 

Do’s and Dont’s for Small Businesses

Check out our Article with ten Do’s and ten Don’t for Small Businesses.

At Gulati Law, we not only advise our clients regarding business formation and set-up, but also provide other services, such as marketing, forming a business plan, and much more. Contact us today to learn more about our Business Club.

 

Contact Us Today!

Gulati Law