The Families First Coronavirus Response Act (“FFCRA” or “Act”) was signed into law effective March 18, 2020. Of interest to small businesses, the FFCRA contains two acts – the Emergency Paid Sick Leave Act and the Emergency Family and Medical Leave Expansion Act – establishing new layers of paid leave for private employers who employ fewer than 500 employees.
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Small businesses across the State of Florida are experiencing a devastating economic shock wave due to the Covid-19 outbreak. Whether their loss in business revenue arose from a drastic drop off in customers or a government-mandated temporary curtailment or shut down of the business, the results have been increasingly devastating and widespread.
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Eric CruzAn 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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Eric CruzUPDATE (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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Eric CruzAn 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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Eric CruzAn 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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Eric CruzOne 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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Eric CruzAn 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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Eric CruzApplicable 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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Eric CruzAfter 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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