Tag: orlando

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 […]

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; – […]

Unexpected controversy has been exposed due to a Florida law enacted in October of 2011 regarding the Durable Power of Attorney (“hereinafter DPOA”).  Prior to the change in law it was possible to prepare a DPOA that became effective upon incapacity. However, the new law no longer allows the “upon incapacity” language, thus making DPOAs […]

Having 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, […]

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 […]