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

 

Beware of Non-Government Affiliated Trademark Solicitations!

 

blog4Please be aware that private companies that are not associated with the United States Patent and Trademark Office (“USPTO”) are using trademark applications and registration information from the USPTO’s databases to issue trademark-related solicitations. These solicitations may include offers for legal services, for trademark monitoring services, record trademarks with U.S. Customs and Border Protection and even to “register” trademarks in the company’s own private registry.

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Some applicants have reported paying fees to these companies, mistakenly under the assumption that they were paying mandatory fees to the USPTO.  If you receive documents that appear to be from an official government agency, please be sure to read the fine print. If an address is provided, always perform a search to verify that the location is legitimate. Sometimes these companies will provide an address for a vacant building or office space. Usually, an official correspondence will be from the “United States Patent and Trademark Office” in Alexandria, VA, and if by e-mail, specifically from the domain “@uspto.gov.”

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Unfortunately, if you have already submitted any payment to these companies for services offered, the USPTO is unable to provide a refund. The USPTO encourages you to file an on-line consumer complaint with the Federal Trade Commission (“FTC”), at www.FTC.gov. If you receive one of these solicitations and you’re unsure of its legitimacy, or if you are interested in filing for a new trademark, we can help! Contact us today so that our legal professionals can discuss your options.

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!


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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!

Happy Labor Day from Gulati Law!!!

We here at Gulati Law wish you a happy relaxing Labor Day!

Fun Fact: Labor Day, the first Monday in September, is a creation of the labor movement and is dedicated to the social and economic achievements of American workers. It constitutes a yearly national tribute to the contributions workers have made to the strength, prosperity, and well-being of our country.

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More Information: Labor Day 2014

ALERT!!! Internal Revenue Service (IRS) Telephone Scam

The Internal Revenue Service today warned consumers about a sophisticated phone scam targeting taxpayers, including recent immigrants, throughout the country.

Here is how this scheme works: Victims are told they owe money to the IRS and it must be paid promptly through a pre-loaded debit card or wire transfer. If the victim refuses to cooperate, they are then threatened with arrest, deportation or suspension of a business or driver’s license. In many cases, the caller becomes hostile and insulting.

“This scam has hit taxpayers in nearly every state in the country.  We want to educate taxpayers so they can help protect themselves.  Rest assured, we do not and will not ask for credit card numbers over the phone, nor request a pre-paid debit card or wire transfer,” says IRS Acting Commissioner Danny Werfel. “If someone unexpectedly calls claiming to be from the IRS and threatens police arrest, deportation or license revocation if you don’t pay immediately, that is a sign that it really isn’t the IRS calling.” Werfel noted that the first IRS contact with taxpayers on a tax issue is likely to occur via mail

Other characteristics of this scam include:

  • Scammers use fake names and IRS badge numbers. They generally use common names and surnames to identify themselves.
  • Scammers may be able to recite the last four digits of a victim’s Social Security Number.
  • Scammers spoof the IRS toll-free number on caller ID to make it appear that it’s the IRS calling.
  • Scammers sometimes send bogus IRS emails to some victims to support their bogus calls.
  • Victims hear background noise of other calls being conducted to mimic a call site.
  • After threatening victims with jail time or driver’s license revocation, scammers hang up and others soon call back pretending to be from the local police or DMV, and the caller ID supports their claim.

If you get a phone call from someone claiming to be from the IRS, here’s what you should do:

  • If you know you owe taxes or you think you might owe taxes, call the IRS at 1.800.829.1040. The IRS employees at that line can help you with a payment issue – if there really is such an issue.
  • If you know you don’t owe taxes or have no reason to think that you owe any taxes (for example, you’ve never received a bill or the caller made some bogus threats as described above), then call and report the incident to the Treasury Inspector General for Tax Administration at 1.800.366.4484.
  • If you’ve been targeted by this scam, you should also contact the Federal Trade Commission and use their “FTC Complaint Assistant” at FTC.gov.  Please add “IRS Telephone Scam” to the comments of your complaint.

Taxpayers should be aware that there are other unrelated scams (such as a lottery sweepstakes) and solicitations (such as debt relief) that fraudulently claim to be from the IRS.

The IRS encourages taxpayers to be vigilant against phone and email scams that use the IRS as a lure. The IRS does not initiate contact with taxpayers by email to request personal or financial information.  This includes any type of electronic communication, such as text messages and social media channels. The IRS also does not ask for PINs, passwords or similar confidential access information for credit card, bank or other financial accounts. Recipients should not open any attachments or click on any links contained in the message. Instead, forward the e-mail to phishing@irs.gov.

Source & Picture: IRS.gov. For more information on how to report phishing scams involving the IRS is available on the genuine IRS website, IRS.gov.

Interested in Florida Real Estate Investment? Here are Some Tips!

Real estate investing can be an extremely rewarding process, but it can also carry some worth-noting risks.  Troubleshooting for these issues begins before the purchase takes place and continues throughout ownership.  Here are some tips to help get you started.

The thing to address first and foremost is the financial aspect.  Buying profitable real estate means investing in properties that are cash flow positive. Rentals should provide a fair rate of return on the invested equity.  Also make sure to secure long-term fixed rate financing. Financing or refinancing a property can end up costing you more in the long run or effect transfer issues.

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When it comes to “fixer-uppers,” you may want to look elsewhere.  Projects that involve extra remodeling or renovations are very much likely to loose money in the end.  Estimating the cost of repairs can be difficult to the average buyer, except for construction contractors that have experience in such. Obtain experienced contractor opinions before you consider a “fixer-upper”.

Take an in-depth look through all title documents.  This includes the title insurance policy, title abstract, schedule of exclusions, and a survey of the property.  Schedule some time with an Florida Real Estate Attorney to assist you in going through all items in detail and addressing any issues before you go forward with the purchase.

Proper insurance should always be put into place for each specific property and circumstance.  Speaking with an experienced Title Insurance Agent will make it easier to cover all liabilities and reduce the chances of anything severely impacting your finances.

All areas touched on above are great places to start when considering a new real estate investment.  If you are relatively new to property investment, speaking with seasoned long-term investors and Florida Real Estate Attorneys may offer some insight into how to go about taking on a new project. At Gulati Law, we are able to work with you in all these areas. Contact us for more information today!

Source: Zillow Blog

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