Growing a successful business is difficult enough without having to worry whether a dispute among the partners will cause the business to fail. Partnerships (i.e. multi-owner businesses) have led to some of the most successful business ventures the world has ever seen. A partnership can create substantial wealth for the partners. But a broken partnership […]
10 Discussion Topics for New Business Partnerships Read More »
Founders have a laundry list of important decisions to make about their new business. Not to be overlooked is division of startup equity. How founders decide to divide the equity at the beginning of the startup will have long term consequences for the success of the venture. Often, founders lack an objective method to distribute
An Objective Approach to Dividing Startup Equity Read More »
In the normal course of business, all business entities must interact with other parties or institutions. All of these relationships are legal relationships that your newly formed business entity will create as it grows. Depending on the industry and entity type, the number, scope, and even names of these contracts can change. This can make
Business Contracts 101: 14 Common Business Legal Relationships Read More »
Updated: January 2020 This post was updated in Jan. 2020 to reflect the massive changes that were made to the Florida Business Corporation Act (Sec. 607) and the minor changes that were made to the corresponding Revised LLC Act (Sec. 605). Shakespeare famously wrote, “What’s in a name?” If you’re a business owner, quite a
Three Considerations When Naming Your Florida Corporation or LLC Read More »
Business owners use business entities to protect their personal assets from business debts and creditors, to separate management of the enterprise from ownership, and to enable outside investment into the business. A properly created, structured, and operated business entity can limit the risk to an owner’s personal assets. It can be difficult to decide which
Back to Business Basics: Corporations 101 Read More »
For those that are outsiders to the business world, the nomenclature, acronyms, and abbreviation systems can cause frustration. This is especially true with business entities. The possible abbreviations seem endless: GP, PA, LP, LLP, PLLC, LLC, Co, Inc. We aren’t going to try to wade through the sea of acronyms for business entities. Suffice it
Why You 100% Need a Business Entity to Limit Your Personal Liability Read More »
We enjoy working for business owners, but we also like to take time to coach, advocate, and advise entrepreneurs and the entrepreneurial-minded in the Central Florida community. Educating and supporting entrepreneurs at all stages of their professional journeys is important to us and is vital to maintaining the economic vitality of the region and of
Before you purchase a franchise, you must consider the decision carefully. With the sizeable franchise fee on top of the normal costs to get the operation up and running, you will likely pay considerably more to open a franchise than if you were to start your own business or buy an existing independent business. These higher
Three Things Every Franchise Must Provide Read More »
Owning and operating a business, being your own boss, is an inextricable part of the American Dream. However, many people believe that starting your own business or buying an existing business is too risky a proposition. Instead, they will consider buying into a franchised operation. Because the concept has been accepted in the market and,
Is a Franchise Your Path to Financial Freedom or Ruin? Read More »
There are two primary ways that a business can be bought or sold: a stock (or equity) sale or an asset sale The most common method, by far, is the asset sale, but that doesn’t mean an asset sale is the best option for you. Many factors influence what deal structure will maximize your benefits
How to Choose Between a Stock and Asset Sale Read More »
