Hotel Guests, Tenants & Transient Occupants, Oh My!

Imagine this scenario, you are a hotel owner with a guest, that for one reason or another, isn’t exactly the ideal customer. Maybe you are finding that this guest habitually has one too many drinks at the lobby bar and proceeds to make other guests uncomfortable Continue reading “Hotel Guests, Tenants & Transient Occupants, Oh My!”

What a Cost Segregation Study Means for Your Hotel or Motel

Property Cost Allocation (aka “Cost Segregation”) is back with a vengeance, according to GMG Savings in a recent article.

A cost segregation study is an essential fiduciary component when building, purchasing, or renovating a hotel or motel. Hotel Continue reading “What a Cost Segregation Study Means for Your Hotel or Motel”

Florida Hotels Must Comply with New Human Trafficking Training Law  

State Inspectors have been visiting properties and issuing warnings to hotels that are not in compliance with Florida’s Human Trafficking Training Law

We want to inform you of Florida’s new human trafficking law that was implemented Jan. 1st, 2021. Hotel Continue reading “Florida Hotels Must Comply with New Human Trafficking Training Law  “

Conforming to an ADA-Compliant Property

2021 has already seen a flurry of serial filers continuing to file lawsuits and send demand letters alleging violations of the Americans with Disabilities Act (hereinafter “ADA”). The ADA prohibits discrimination against people with disabilities in Continue reading “Conforming to an ADA-Compliant Property”

Study: Retailers, Commercial Real Estate Companies Optimistic About Strong Recovery in 2021

Close to 88% of shopping centers are being used to fulfill online orders, and 99% of retail respondents reported their stores fulfilled online orders to some degree.

Nearly 60% of commercial real estate Continue reading “Study: Retailers, Commercial Real Estate Companies Optimistic About Strong Recovery in 2021”

Seven Ways 1031 Exchanges Can Help Strengthen Businesses

1031 Exchange transactions can help business owners leverage valuable cash to finance critical growth strategies.

At least once a week I get asked:   What are the benefits of doing a Section 1031 Exchange?  I normally give the usual answer:  Deferral of Taxes resulting in more funds to spend on possible Continue reading “Seven Ways 1031 Exchanges Can Help Strengthen Businesses”

What Peter Strojnik’s “Vexatious Litigant” ruling in AZ could mean for your business?

A disbarred attorney, who continued to file hundreds of disability lawsuits on his own behalf, has been permanently blocked from filing new cases in Arizona’s federal court district without permission. Judge Diane Humetewa officially labeled Peter Strojnik a “vexatious litigant” in a ruling that compared his Continue reading “What Peter Strojnik’s “Vexatious Litigant” ruling in AZ could mean for your business?”

Florida Hotel Sales are Down, is a Spike in the Horizon?

Florida hotels are changing hands much less frequently lately, thanks to COVID-19’s negative impact on the local economy. Orlando’s 500+ lodging properties are dealing with severely reduced revenue due to sparse tourism, and this is only contributing to the ongoing mass layoffs within the hospitality industry. Continue reading “Florida Hotel Sales are Down, is a Spike in the Horizon?”

Happy New Year from all of us at Gulati Law!

2020 certainly threw some curveballs to our friends, family, & clients. As we rebuild our community back to the vibrant economy it once was, it is a great time to review your estate plan or corporate documents and evaluate any needs going forward.

New Year Checklist:                                                                                                                                                                                                                                                                Make sure that…

  • All major decisions requiring owner/partner approvals have been documented and are included in the company’s record books.
  • Secretary of State filings due during the year have been filed (please note Florida’s deadline is May 1st, 2021).
  • Agreements among members, employees, and consultants have been documented and signed.
  • The company’s agreed value (if applicable), financial statements, and ownership records are current.
  • State taxes (if applicable) have been paid and business licenses renewed.
  • The company is in good standing in its state of formation and in each state where it is qualified to do business.
  • And most importantly your family estate plan is up to date.

If any of the above items have not been updated or handled, we suggest taking the time to speak with your Florida attorney to get them updated. This is also a good time to communicate with members about the company’s progress during the year. Finally, 2021 Annual Corporate Renewals are now due, please reach out to Gulati Law, P.L. for assistance with any of these matters at (407) 900-5054.

Prepare for Hurricane Season- Helpful Tips!

Please utilize the resources below if necessary. I also encourage you to share this information with your friends and neighbors as we work together to recover from this storm- Hurricane Michael.

FEMA ASSISTANCE

To apply for FEMA assistance visit: www.disasterassistance.gov or call 1-800-621-FEMA (1-800-621-3362) TTY: 1-800-462-7585. To find the nearest FEMA Disaster Recovery Center visit: https://egateway.fema.gov/ESF6/ DRCLocator

EMERGENCY ASSISTANCE

If you need emergency help call 9-1-1.

BASIC SUPPLIES

If you need supplies, such as food, water, or ice, please contact your county emergency management at: http://www.floridadisaste r.org/fl_county_em.asp or by phone at (850) 815-4001 for the location of the nearest distribution center. Your county emergency management can provide up-to-date information about shelters and local distribution centers for food and supplies.

HELP FOR SENIORS

If you know of a senior who needs assistance call the Florida Department of Elder Affairs hotline at 1-800-96-ELDER (1-800-963-5337). To report elder abuse, call 1-800-96-ABUSE (1-800-962-2873).

HELP FOR VETERANS

Veterans in need of assistance or in need of their medication can contact the Veteran Disaster Hotline at 1-800-507-4571 or go to any VA medical facility for assistance.

MENTAL HEALTH

If you or someone you know is experiencing emotional distress please call the Disaster Distress Helpline at 1-800-985-5990 or text TalkWithUs to 66746 to connect with a trained counselor. You may also visit: http://bit.ly/2vH2Huc for more information about managing stress after a disaster and talking with children about traumatic events.

DIALYSIS

To find a dialysis center in your area visit: http://www.dialysisunits.com/. Patients of DaVita Dialysis may contact 1-800-400-8331 to find the nearest Dialysis Center.

MORTGAGE RELIEF

To find out if you qualify for temporary mortgage relief, visit the Freddie Mac website at: http://www.freddiem ac.com/about/hurricane-relief.html , the Fannie Mae website at:http://www .fanniemae.com/portal/about-fm/hurricane-relief.html or by phone at 1-800-2FANNIE (800-232-6643). To contact the Federal Housing Finance Agency visit:https://www.fhfa.gov/Homeownersbuyer/MortgageAssistance/ Pages /Disa ster-Assistance.aspx

You may also contact the Department of Housing and Urban Development (HUD) to find out if you qualify for any hurricane related help with your mortgage or mortgage insurance. To contact HUD about disaster assistance visit: https://www. hud.gov/program_offices/housing/sfh/ins/203h-dft or https://www. hud.gov/program_offices/housing/sfh/nsc/qaho0121

TAX RELIEF

Taxpayers in affected areas may be eligible for tax relief from the IRS. To learn more about IRS assistance visit: https://ww w.irs.gov/newsroom/tax-relief-in-disaster-situations.

DISASTER RECOVERY LOANS

The U.S. Small Business Administration is providing various disaster loans to qualifying Floridians. For more information about SBA disaster loans visit:https://www.sba.gov/disaster-ass istance/. The U.S. Department of Agriculture provides loans to qualifying individuals, businesses, and communities after disasters. For more information visit: https://www.usda.gov/topics/d isaster/storms, or contact the USDA office in Florida at: (352) 338-3400.

DISASTER UNEMPLOYMENT ASSISTANCE

Floridians who are unemployed as a result of a disaster, and who are ineligible for regular state unemployment insurance, are encouraged to apply for Disaster Unemployment Assistance (DUA) through the U.S. Department of Labor. For additional information about DUA visit: https://workfo rcesecurity.doleta.gov/unemploy/disaster.asp or contact the U.S. Department of Labor by phone at 1-866-487-2365.

HURRICANE RESPONSE HIRING

The U.S. Small Business Administration is hiring a variety of temporary positions located throughout areas affected by recent disasters. For more information visit:https://www.sba.gov/disaster-assistance/hurricane-response -jobs -sba< /a>. For FEMA hiring visit: https://careers.fema.gov/hur ricane-workforce.

FEMA ASSISTANCE

For in-person assistance with storm related questions, visit your local FEMA Disaster Recovery Center. For a list of centers in your area visit: https://egateway.fema.gov/ESF6/ DRCLocator or call 1-800-621-FEMA (1-800-621-3362) TTY: 1-800-462-7585.

Be aware of SCAMS: Federal and state workers never ask for or accept money, and always carry identification badges. There is no fee required to apply for or to get disaster assistance from FEMA, or the State of Florida. If you suspect fraud call FEMA’s Disaster Fraud Hotline at 866-720-5721, or the Florida Attorney General fraud hotline at 1-866-966-7226.

RESOURCES

Emergency Assistance 9-1-1

Local resources (food, shelter, childcare,) 2-1-1

Food, water, ice distribution https://www.floridadisaster.org/, 850-815-4001, TDD/TTY: 1-800-226-4329

County Emergency Management Offices https://www.floridadisaster.org /counties/

Shelters www.floridadisaster.org/sh elter-status/

Florida Highway Conditions: www.flhsmv.gov/f hp/traffic/live_traffic_feed.html, or dial 5-1-1 or *FHP (347)

Florida Elder Affairs Hotline 1-800-96-ELDER (1-800-963-5337)http://elderaffairs.state.fl.us/

Veteran Disaster Hotline www.va.gov, 1-800-507-4571

Disaster Distress Helpline (for emotional distress) 1-800-985-5990, or text TalkWithUs to 66746

Blue Tarp Roofs (Army Corps of Engineers) 1-888-ROOF-BLU

FEMA www.disasterassistance.gov, 1-800-621-FEMA (1-800-621-3362) TTY: 1-800-745-0243

Source: BILL NELSON OFFICES IN FLORIDA

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