Blog Archives

Reminder: 2017 Annual Reports

An important deadline for all business entities in Florida is fast approaching. All Florida business entities must file an annual report with the Division of Corporations by May 1st of each year.  Late filings are subject to a late fee of $400.00 in addition to the regular filing fee, which is currently $150.00 for corporations and $138.75 for limited liability companies. 

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New Overtime Rules Effective December 1, 2016: What Employers Should Know

UPDATE (December 1, 2016): A U.S. district judge in Texas has issued a preliminary injunction blocking the implementation of the new overtime rules until further notice or ruling. Please check back for more information.

 

Beginning on December 1, 2016, a new set of rules under the Fair Labor Standards Act (“FLSA”) will go into effect which will substantially impact employers throughout the United States.

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Reminder: 2016 Annual Reports

An important deadline for all business entities in Florida is fast approaching. All Florida business entities must file an annual report with the Division of Corporations by May 1st of each year.  Late filings are subject to a late fee of $400.00 in addition to the regular filing fee, which is currently $150.00 for corporations and $138.75 for limited liability companies. 

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Reminder: 2015 Annual Reports

An important deadline for all business entities in Florida is fast approaching. All Florida business entities must file an annual report with the Division of Corporations by May 1st of each year.  Late filings are subject to a late fee of $400.00 in addition to the regular filing fee, which is currently $150.00 for corporations and $138.75 for limited liability companies. 

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The Importance of Buy-Sell Agreements

One of the most often overlooked situations by business partners is the potential of a co-owner’s eventual separation from the business, whether it is a voluntary or involuntary departure.

These situations can be addressed in the governing documents of a business entity, or in a separate document, commonly known as a Buy-Sell Agreement.

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Reminder: 2014 Annual Reports

An important deadline for all business entities in Florida is fast approaching. All Florida business entities must file an annual report with the Division of Corporations by May 1st of each year.  Late filings are subject to a late fee of $400.00 in addition to the regular filing fee, which is currently $150.00 for corporations and $138.75 for limited liability companies. 

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Common Mistakes Made by Small Business Owners – Part 4 – Failure to File Annual Report

Applicable Florida Statutes require business owners to file annual reports with the Florida Department of State, Division of Corporations, which include a summary of information regarding the current status of the business entity. This information includes the mailing and principal business address of the business entity, the name and address of its resident agent,

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Common Mistakes Made by Small Business Owners – Part 3 – Failure to Organize and Maintain Corporate Formalities

After legally forming a new business entity by filing their articles of incorporation or articles of organization with the Division of Corporations, many small business owners believe that they have completed all the steps necessary to operate under their new business entity, and completely ignore many corporate formalities required by statute or other applicable law.

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Minimum Wage Changes for 2014

Several states have implemented minimum wage changes that were announced late in November, 2013, and will take effect on January 1, 2014. As employers prepare to complete their first payroll in 2014, it is important that they understand these changes. Florida has announced an hourly minimum wage increase. Effective January 1,

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Common Mistakes Made by Small Business Owners – Part 2 – Failure to Understand the Separation between a Corporation and the Individual – “I Incorporated Myself”

Many small business owners take the correct first step – after coming up with their business idea, they form a corporation, limited liability company, or other business entity existing within the laws of their state, which they are then able to operate under. But many business owners stop at this first step and do not understand the concept of their corporation or company existing as a separate legal entity or “person” that exists on its own,

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