Is there a Grace Period for Rental Payments during the COVID-19 Pandemic?
A grace period is a predetermined period of time immediately following a payment due date during which a late fee or other is waived provided that the obligation is satisfied during the grace period. Your grace period, if any, will be stated within your lease agreement, and will typically be limited to three to five… + Read More…
CARES ACT §1102 Paycheck Protection Program §1106 Loan Forgiveness
EXECUTIVE SUMMARY: The CARES ACT passed by the U.S. Congress on Friday, March 27, 2020 and signed into law by President Donald J. Trump on the same day is a massive coronavirus relief bill that in part provides tremendous relief for small businesses currently in flux. Businesses and nonprofit organizations may be eligible for an… + Read More…
Freddie Mac, Fannie Mae Protect Renters From Eviction During Coronavirus
Last week Fannie Mae and Freddie Mac suspended evictions and foreclosures for families living in houses financed through one of their loans. This policy was now extended by the two banks to include renters as well, in the event when they are not able to pay rent due to the coronavirus outbreak.
What Economic Assistance is Available to Small Businesses During the Coronavirus Pandemic?
Local governments across the nation have ordered the shutdown of a wide variety of businesses in an effort to slow the spread of the COVID-19 virus. While this shutdown is necessary to slow the spread, it has had, and will continue to have, detrimental effects on many businesses. To help combat the negative economic effects… + Read More…
What Happens if my City Passes an Emergency Ordinance in Response to COVID -19 that is More Restrictive than My State’s Emergency Order? Which Law do I Follow?
When conflict between laws or orders issued from different levels of government exists, the law at the higher level will typically govern unless that law or declaration is found to be unconstitutional. For instance, when federal and state law is in conflict, the federal law will supersede, or preempt, the state law and take precedence due to the supremacy clause of the United States Constitution.
Should you Lease Property to a Business?
Saving money on taxes is a great incentive to consider leasing your assets to a corporation. It is common for shareholders of corporations to lease real estate, equipment, and other property, such as vehicles, to the corporation, either directly or indirectly.
What is an Operating Agreement?
The operating agreement for an LLC is imperative because it can outline all the company’s procedural and financial decisions. Although an operating agreement is not required in many states, most limited liability owners create an operating agreement as soon as they create their company. The operating agreement protects owners and sets out anything that has been orally agreed on.
What is a Third-Party Purchaser?
When most people think of foreclosures, the two parties instantly discussed are the owner that is being foreclosed upon and the bank that is doing the foreclosing. However, when the property is headed to the auction block there is another party that comes into the picture: third party purchasers. When the bank lists the property at the foreclosure auction, a third-party purchaser often decides to buy the property if he or she believes it is a good deal. Third-party purchaser can take strategic risks and make money through legal loopholes.
Can you file for Bankruptcy if your House is in Foreclosure?
If you believe foreclosure is imminent and need assistance moving forward, please do not hesitate to contact one of our knowledgeable attorneys at EPGD Business Law.
Can an Employer Inquire into Whether its Employees have been Exposed to Coronavirus?
The COVID-19 Virus (“Coronavirus”) is presenting challenges for businesses in a multitude of areas. One particularly concerning prospect is an employee being exposed to the virus and in turn contaminating the rest of the business. While employers may want to ask their employees questions about their health to evaluate the risk of exposure, employers need to be aware of the various laws surrounding this sensitive topic.
What is the IRS Trust Fund Recovery Penalty?
Every month your employer has to hold back a certain percentage from your paycheck. They have to withhold 6.2% for social security and 1.45% for Medicare. The IRS calls the withholding of income tax, Medicare, and social security the trust fund taxes. An employer is supposed to send the trust fund taxes amount to the IRS every quarter using Form 941.
Does my Employer Have to pay me if I am Quarantined due to the Coronavirus?
With the current state of the world, you may be thinking about what you can expect if you are unable to go to work due to the Coronavirus. Employment and Labor laws can vary by state, and by county. Additionally, you may have a contract or collective bargaining agreement with your employer that determines what happens when you cannot show up to work due to a public health emergency. While your employer will most likely not require you to come to work if you are under quarantine, your employer may not be required to pay you for the time you are out.
Attacking the Validity of the Mortgage
One of the ways to win a foreclosure fight is by attacking the validity of the mortgage. There are multiple ways to do this, including but not limited to, using defenses such as fraud, standing to sue, and proving the statute of limitations.
What to Think About when Starting a Small Business
Starting a new business can be scary with all of the legal issues that arise, the taxes one may incur, the fear of losing money invested, etc. To deal with these issues, it is best you consult an attorney to ensure all of your questions are answered and there are no hidden surprises.
Why do I need a PPM?
Even companies engaging in private placements frequently have to meet certain disclosure requirements. Such requirements are met through the creation of a Private Placement Memorandum (PPM)
What Happens when a Business is part of a Divorce?
Divorces can be stressful, emotionally and financially draining, and sometimes even confusing. Some people do not understand how assets are divided in a divorce.
Prevent Sexual Harassment in the Workplace
Sexual harassment occurs far more often than one would expect. Sexual harassment is a form of sex discrimination which violates Title VII of the Civil Rights Act of 1964. Title VII applies to employers with 15 or more employees in any capacity, whether it is a private workplace or a government agency.
Updating your FDD in Response to Change of fees
The FDD must be given to the potential Franchisee 14 days before the Franchisee is able to sign the Franchise Agreement. The purpose of such disclosure to a potential Franchisee has historically been to allow the Franchisee to make an informed decision. An FDD typically includes a fees chart, the franchise’s legal and financial history, along with other terms and conditions of the operation of the franchise.
How to Properly Dissolve a Florida Nonprofit Organization
When a nonprofit corporation decides to close its doors, there are steps that the organization must follow to legally terminate its operations or dissolve. Similarly, to for-profit corporations, nonprofit corporations must file Articles of Dissolution with the Florida Department of State. But that is not the final step.
Can a Dissolved Company sue?
Voluntary dissolution is an action taken by shareholders or incorporators to dissolve a corporation. This process is typically initiated by a vote of the corporation’s stockholders. Under a voluntary dissolution, the company will stop to exist as a legal entity.
Is it Legal to take Clients away from your Employer?
Client lists are usually labeled as “confidential” and within the company access to them is limited. Other companies divide their client lists by sales/business geographical territory to minimize access of employees to the lists even more.
What is an ADA Compliant Website?
Businesses, places of employment, and governments serving the general public are required to accommodate those with disabilities of various sorts.
Bullying in the Workplace
Workplace bullying is generally known as the repeated mistreatment of a person by one or more employees that takes the form of verbal abuse or conduct or behaviors that are threatening, intimidating, or humiliating.
Can a Florida Law Firm Operate as an LLC? Can I convert my PLLC to a PA?
“Lawyers may practice law in the form of professional service corporations, professional limited liability companies, sole proprietorships, general partnerships, or limited liability partnerships organized or qualified under applicable law.”
Sales Tax Decrease on Commercial Property
Since 2018, the sales tax on commercial rent in Florida has consistently gone down, decreasing from 6% to 5.7% to 5.5% in 2020.
Taxes Upon Conversion
Corporations are often today converted into “disregarded entities” for tax purposes, such as avoiding “double taxation”. A disregarded entity is a business that is not separated from the owner for tax purposes.
Are ADA Compliant Website Lawsuits a Scam?
There are no clear regulations defining website accessibility. Typically, courts conduct a flexible, case-by-case analysis, to ensure that the Act requirements are not unduly burdensome to businesses.
What is an Integration Clause in a Legal Contract?
Often times, contracts that have integration clauses are referred to as integration contracts. The purpose of an integrated contract is to assure that any material, terms or agreements that are fully intended to be in the contract are included.
How do I Apply for Homestead Exemption in Florida?
In Miami-Dade County, the 2020 Homestead Exemption applications and Portability applications are due on March 2nd. Read our blog below to find out how to apply!
Can a Franchisee Sue a Franchisor for Item 19 Misrepresentations?
Item 19 disclosures are the disclosures that potential franchisees rely on the most when deciding whether to open a franchise. Thus, a franchisor needs to be careful to not make any overly robust financial presentations or promises. To begin with, a franchisor is not required to provide an answer to the most important question, “how much money can I make?”.
Can my Homestead Assessment Savings be Transferred from my old Property to my new Property?
Imagine being a homeowner in Florida, selling your home and not buying a new home until three years later. Did you know that you were most likely receiving property tax savings at your old property? And better yet, you could have transferred some or all of those savings to your new property if you had just filed a homestead portability application within two years.
How can I Report an Amazon Vendor if I am a Seller or Buyer?
Recently, stories have surfaced about consumers purchasing expired goods, broken products, and even counterfeit items. Additionally, some sellers are losing business to other sellers who market these fraudulent or defective items. Whether you are an Amazon buyer or seller, here’s how you can protect yourself.
Can a U.S Non-Profit Organization lose its Tax-Exempt Status by Sending Funds to Foreign Organizations?
There are several ways that funds from U.S. non-profits can be sent to foreign organizations. However, U.S non-profit organization may be exposing themselves to risks and possible dangers of losing their tax-exemption status.
What Happens when you get Served?
Currently, there are two worlds operating at the same time and for some people they never overlap. I am talking about the legal world and the non-legal/real world. In the legal world courts are operating every day and most people are blissfully unaware of it. However, the legal world and the real-world intersect at the moment that individual walks up to you and says, “you’ve been served!”
Are Officers and Directors of U.S Non-Profit Organizations Required to be U.S Citizens or Legal Permanent Residents?
Board members are responsible for making strategic goals and decisions for the charitable organization. Officers are generally the “responsible party” of the entity and oversee all financial compliance and funding while working under the board of directors’ control. Generally, there are no restrictions on foreign ownership of a company formed in the United States. Further,… + Read More…
How to form a Trust Company in Florida
Simply put, trust companies are businesses that have the legal authority to hold and manage other people’s money for compensation.
Financial Performance Representation AKA Item 19
Item 19 is an item on a Franchise Disclosure Document known as a “Financial Performance Representation.”
Trademark Registration With U.S Customs and Border Protection
With a validly registered trademark with the USPTO, the United States Customs & Border Protection (“CBP”) offers further protections with the ability to record that trademark through them as well.
Assignment for the Benefit of Creditors
An Assignment for the Benefit of Creditors, commonly referred to as ABC, is an alternative to bankruptcy in which the business turns over its assets to creditors.
How do I know if I am Being Misclassified as an Independent Contractor?
If your employer controls how long your lunch is, how many hours a day you have to come into the office, how many sick days or vacations you have, how the work is done, when the work is done, and where the work is done then you are being misclassified as an independent contractor.
Do you have to file Form 5471?
Form 5471, is an informational return that reports activity of foreign corporations in which certain U.S. citizens or residents, who are officers, directors, or shareholders of a certain foreign corporation are required to file. The term “certain” leaves room for interpretation, which is why it is important to consult a tax attorney who understand the different categories of fillers the IRS provides.
S-Corporations with Disproportionate Distribution
The general rule is that distributions from S-Corporations to shareholders should be proportional to each shareholder’s ownership interest.
What is the Nice Agreement?
With a total of 45 individual classes, the Nice Agreement establishes international classifications of trademarking goods and services.
Are There Advertising Restrictions for Dental Practices?
The American Dental Association and Florida Statute § 466.019 mandate laws for advertising by dentists.
Can I Self File with the USPTO If I Am a Foreign Applicant?
New trademark laws state that any trademark filer that is domiciled abroad must appoint and be represented before the USPTO by an attorney who is licensed to practice law in the United States.
Can You Trademark a Sound?
An individual may apply to register a sound with the USPTO, but the federal courts have held that the sound must be “so inherently different or distinctive that it attaches to the subliminal mind of the listener, to be awakened when heard, and to be associated with the source or event.”
What is Tax Form 1120?
When an individual or group of individuals decide to incorporate their domestic business, it is then a requirement to annually file IRS Form 1120, the U.S. Corporate Income Tax Return.
Is There Self-Employment Tax for a LLC with Passive Income?
If a LLC member is not personally liable for the LLC’s debts, has no authority to contract for the LLC, or does not participate in the LLC’s business for more than 500 hours per year, their income is considered passive, and therefore, not subject to self-employment tax.
What are the Setbacks Required on my Property?
A Setback is the distance from the Base Building Line (the officially mapped street line) to the point where a building may be constructed. The City of Miami provides setback requirements for property owners in the Miami 21 Zoning Code.
Should You Use a S-Corporation or a LLC for Rental Properties?
After deciding whether to invest in rental properties, it is important to make an informed decision regarding the kind of business entity your company should become.
Don’t be Fooled by “Attorneys…”
Many states have tried providing education to the public to be careful in who they hire to help with their legal problems. Additionally, many states, such as Florida, have established programs to protect the public against harm caused by individuals pretending to be attorneys.
What to Know About the British Virgin Island Economic Substance Act
The Act came into effect on January 1, 2019 and was amended on January 30, 2019. The Act was established based on concerns rising from the EU (European Union) Code of Conduct Group for Business Taxation and OECD (Organization for Economic Co-operation and Development) guidance around the economic substance of entities in jurisdictions a very low to zero percent corporate tax.
Dissolving a Delaware Corporation
Corporations lean on Delaware’s favorable business laws when it is time to incorporate their business. However, what happens when you want to dissolve your Delaware corporation?
Business Tax Planning Opportunities Under the Tax Cuts and Jobs Act
As with any tax act, there are a number of areas for devious planners to take advantage. Following is a list of strategies you can take to ensure your business benefits from the new business tax landscape.
What’s the Deal with GILTI?
Introduced in 2017 as part of the Tax Cuts and Jobs Act, GILTI, or “Global Intangible Low Tax Income,” is an outbound provision that broadens the scope of foreign earnings subject to U.S. taxation with the goal of reducing the incentive to shift corporate profits out of the U.S. into low or zero-tax jurisdictions. Applicable to large multinational companies and to U.S. shareholders of certain foreign corporations, GILTI is fundamentally an anti-deferral provision that limits the amount of foreign income a U.S. shareholder can defer from U.S. tax.
How to Remove Public Online Information
The list of digital assets you may have online are endless, thus it is important that you either (1) set up a password manager kit, (2) include your digital assets in your estate plan, or (3) check if the website you are using allows you to add a recipient to your account once you pass away.
What Happens If A W-2 Employee Finds Out The Employer Wasn’t Withholding Employment Taxes?
Employers are responsible for sending the W-2 form to the IRS and to the employee each year, which reports the employee’s annual wages and the amount of taxes withheld from his or her paychecks.
“AS IS” Clause in a Property Contract & Home Inspection Company
Issue 1: Does an “As Is” Clause in a Contract under Florida law Include Termites? Yes. An “as is” clause in a contract under Florida law does not waive the duty a seller has to disclose to buyer facts materially affecting the value of the property and are not readily observable to the buyer. Levy… + Read More…
Qualified Opportunity Zone Funds
The first Opportunity Zones were designated on April 9, 2018. To date, the Treasury Department has certified more than 8,700 Opportunity Zones spanning 50 states, the District of Columbia, and five U.S. territories qualifying for the aforementioned tax benefits.
What is a Corporate Monitor in Florida?
Monitors are usually appointed to perform a specific set of duties, and often only have a single-purpose duty. Corporate monitors only supervise rather than manage. Specifically, the Department of Justice has stated that the scope of the monitor ship should be tailored to address the specific issues and concerns that created the need for a monitor.
The Ultimate Guide to Financial Securities for 2020 Part 2
Typically, a security that is exempt from registration is restricted in some way. See the first post on Restricted Securities, but keep in mind that some exemptions provide for other restrictions.
What Can a Landlord do if a Tenant Leaves Behind Property?
One of the most tension fraught relationships is that of a landlord-tenant. Landlords are subject to a variety of laws including regulation of rent, termination, and eviction. One such law is the Disposition of Personal Property Landlord and Tenant Act, which prescribes rules by which landlords are allowed to dispose of tenant property which remains on the premises after a tenancy is terminated.
What are the Requirements for a Valid Will & what is a Self-Proving Will?
In Florida, for a will to be valid it must be in writing, signed by the party seeking to create the will (the testator), the testator must have the mental competence to sign the will, and it must be signed by two witnesses to the execution of the will.
What is a Tax Clearance Letter & what is the Purpose?
A potential buyer should obtain a businesses’ tax clearance letter. If a buyer fails to conduct its due diligence on the tax side of the business, he or she could be on the hook for any taxes owed by the seller.
The Ultimate Guide to Financial Securities for 2020 Part 1
In finance, a security is a negotiable financial instrument that holds some type of monetary value. A security can represent a number of positions. Typically, securities represent ownership in a publicly-traded corporation, known as equity securities, or represent a creditor-debtor relationship, known as debt securities.
What is a Florida Construction Lien? What are the Preliminary Concerns?
Most contractors, subcontractors, laborers, material-men, or professionals hired to improve, or make improvements to, a property which cost more than $2,500 can file a construction lien.
Do You Need a Trademark to Sell Your Product on Amazon?
While Amazon offers a variety of ways to sell on its website, one of the most popular and advantageous to sellers is the Amazon Brand Registry.
Is My Cryptocurrency Protected?
There’s a number of ways an individual can protect their cryptocurrency, however, that doesn’t necessarily mean it will always be safe. The arising issue with digital exchange is the fact that it can be a popular target for hackers.
What is Defamation?
Defamation is a false statement about a person, portrayed as a fact, that is intended to harm the person’s reputation. All the elements of defamation must be present, meaning that mere gossip may not always be considered defamation.
What you Should Know About CBD Infused Products
In Florida, Governor Ron De Santis signed legislation that legalizes state-licensed hemp farming and sales in Florida. On the other hand, the federal government still considers CBD to be in the same class as marijuana.
Can my Employer Force me to show them my Social Media Account?
It seems rather absurd that any employer would dive into their employee’s privacy rights in such a way, nevertheless, what they are doing is completely legal (in about half of the United States).
How can Foreigners Start a Business in the United States?
Starting a new business in the US can be intimidating, especially for those that are not US residents. However, starting a business in the US is not as complicated as you may think. In any case though, it is best to contact a business attorney to ensure everything goes smoothly and there are no future… + Read More…
What are the Florida Bar Rules on Attorney Referral Fees?
Referral fees from attorney to attorney may be allowed when an attorney passes a case or a client to another attorney. The Florida Rules of Professional Responsibility do not authorize a lawyer to give anything of value to a non-lawyer in return for recommending that attorney’s legal services.
Everything You Should Know About Maryland Security Deposits
There are general landlord/tenant rules that can be modified differently in each state. Below is what you need to know about the laws in Maryland.
Why Should I Federally Register My Trademark?
A Federal trademark registration will greatly enhance your rights. U.S. trademark rights are created through the use of your mark in commerce, however these use-based rights are just common law rights and only apply to a specific geographic area.
What is Florida’s Uniform Trade Secrets Act?
Florida, among 48 states, has adopted its version of the Uniform Trade Secrets Act known as FUTSA. The purpose of the Act is to ultimately protect one’s intellectual property, ideas and certain types of confidential information.
What are the Penalties for Hiring an Unlicensed Contractor?
Sometimes people opt into hiring unlicensed contractors, which is a very bad idea. Unlicensed contractors may lead a person to pay penalties and possibly even jail time.
What Happens if you Hire an Unlicensed Contractor?
Conducting business as an unlicensed contractor is a crime in Florida. Therefore, as a homeowner you have special civil remedies in regard to the harm that you have endured by hiring an unlicensed contractor.
Discrimination in the Workplace
Identical to federal statute, Florida law forbids workplace discrimination based on race, color, religion, sex, or national origin. Moreover, other types of discrimination that are not particularly immutable, for example, pregnancy, disability, or marital status are also protected classes under both federal and state law.
Can United States Companies Export Goods to Venezuela?
For the most part U.S. companies should be okay when exporting to Venezuela, but there are a few executive orders to be aware of prior to engaging in exportation.
How to Avoid Probate
Preparing for what happens after one’s passing can be difficult. Most people do not like thinking of the reality that they are not going to be around one day. However, proper preparation allows you to have a say even after you pass.
What Are the Most Famous Franchises?
When you think of popular franchises you most likely think of fast food restaurants. Some of the most profitable and longest standing franchises in the United States are fast food restaurants such as McDonalds, Burger King, Wendy’s, Taco Bell and KFC.
What to Consider When Hiring
Do you hire someone as an employee or as a contractor? What is the difference between an employee and an independent contractor? How do you know if someone is legally able to work in the United States?
What is the Difference Between Franchise Agreements and Franchise Disclosure Documents?
Joining the world of franchising can be a little overwhelming at first. First, you should know the difference between the Franchise Agreement (“FA”) and the Franchise Disclosure Documents (“FDD”).
Don’t Be Fooled – Your Accountant Can’t Create Companies
If your accountant or other consultant offers to perform any of these services, that is the unlicensed practice of law. You should seek the assistance of an attorney for such services.
When is there Medical Malpractice?
Medical malpractice can happen in all types of medicine and at any moment during treatment. Medical malpractice occurs when a patient is harmed by a doctor’s or other health care provider’s actions or negligence.
The IRS is looking to Use Social Media to Investigate Tax Fraud
Online sellers are notoriously known by the IRS as tax cheats. The IRS estimates that businesses across the United States pay $125 billion less in taxes each year than they actually owe. The IRS is on a mission to reduce that number.
What Businesses Need to Know when Working with Influencers
An influencer is a person that is influential in the social media realm. Influencers are usually found on Instagram with over thousands of followers. However, not all influencers are the same.
Workers Compensation Insurance
If an employer operates their business without purchasing workers compensation even though they are required by Florida Law, then there is a high probability that a penalty will be issued. In order to avoid the penalty, any Florida business operating with four or more employees must purchase workers’ compensation insurance, which in Florida will cost your business about $1.32 per $100 wages.
What is a Prenup?
A prenuptial agreement (or a prenup) is an agreement signed before marriage that outlines what happens to each spouse’s financial assets in the event of divorce or death. This protects each spouse’s personal assets that they have inherited from family members, assets they have obtained before marriage, or income they have generated before marriage.
These are parties that have no interest in using or selling the photos, or other works, they own copyrights for. They may be photographers who own pictures or website who have licensing from photographers. They then purposefully make their pictures readily available online, like on Google.
Online Trade Dress Infringement
Trade dress infringement claims are no longer solely about whether a producer is infringing upon the other because of the packaging or design of a product. Now trade dress infringement also encompasses whether an online user is infringing upon another user’s YouTube channel or blog by copying the name or the content.
Damages Under Lanham Act
The Act permits the injured party to recover (1) any profits the defendant made off the use of the trademark, (2) any damages sustained by rightful owner of the trademark through the unlawful use by the defendant, and (3) the costs of the court action. If the trademark infringement is particularly shocking or offensive, then the court can award the injured party three times the actual amount of damages.
Piercing the Corporate Veil: When Can the Owners Be Liable?
Piercing the veil means the court disregards the limited liability protection and the person suing the company can go after the owners personally.
Trade Dress Infringement
Trade dress infringement occurs when one product’s design or packaging copies that of another product to the degree that there is confusion in the minds of consumers.
Can a Shareholder or Member Transfer Shares?
One of the biggest strengths of the corporate form is its provision of limited personal liability to owners.
What Happens to a Car When the Owner Dies?
There are two ways that the ownership can be transferred, and the court can ultimately determine the legal owner of the vehicle.
Do you have a pet that you consider as a family member?
Providing for all members of your family is of the utmost importance– including your furry, four-legged friends.
Perfecting the Security Interest
A secured party should perfect their security interest, after attachment, in order to fully ensure its legal rights against a third party claiming that they have an interest in the same collateral. By perfecting a security interest, a secured party gains priority over subsequent creditors claiming the same collateral.
What is a Security Interest?
A security interest occurs when a debtor, which can be a person or business, borrows money from a creditor or more specifically a secured party and they agree to execute a security agreement. In the event the debtor defaults by not paying back the loan or by violating a provision in the agreement, the secured party can seize the collateral and may sell it to satisfy the debt.
Why is an LLC Important?
Today, many businesses are forming as a Limited Liability Company (LLC) and are finding that an LLC offers the “best of both worlds” of corporate forms.
What is an Independent Contractor?
Businesses can choose to hire a person as an independent contractor or as an employee. Some employers rather hire independent contractors because of the reduced costs in payroll and taxes. However, an employer must be certain that the worker that is classifying as an independent contractor is truly an independent contractor.
Are You Ready to Retire?
Are you on the right path to retirement? A retirement plan is not something to take lightly or put off to a later date.
Foreign Reporting for US Taxpayers 101
While it is not illegal to earn income abroad or to hold an offshore account, failure to disclose income to the Internal Revenue Service is illegal.
What is “The Uniform Transfer on Death Security Registration Act”?
Beneficiary designations on your financial accounts can provide a quick alternative to traditional estate planning strategies by making sure your accounts are not subject to probate, thus preserving your wealth and preventing unnecessary court expenses and proceedings.
The different kinds of Tax Penalties
Missed a tax payment? Here are the consequences.
Are Employees Legally Obligated to Take a Lunch Break?
Lunch Breaks: Are you in Compliance with Federal and State Law?
Are you Liable for the Documentary Stamp Tax?
Who Pays the Documentary Stamp Tax? In Florida, people who transfer real estate in exchange for value must pay a transfer fee, called a “documentary stamp tax,” on the documents used. The Florida documentary stamp tax has broad applicability, applying to deeds, instruments, or writings whereby lands, tenements, real property, or interests therein are granted… + Read More…
What is an Accidental Franchise?
Failure to follow the formalities required under state law and by the FTC might unintentionally create a franchise agreement.
So You Want to SELL a Franchise?
While the sales process time consuming and varies significantly from franchise to franchise, you should generally consider the following steps when selling your franchise.
So You Want to BUY a Franchise?
Buying a franchise offers are variety of benefits, such as instant name recognition and a customer pool that is already familiar with and attracted to your products or services.
Will you lose your Homestead if you go to Jail?
What is Homestead? Florida provides homeowners who make their Florida home their principal place of residence with a tax exemption. This exemption is called the Homestead Exemption and has different benefits. The exemption allows homeowners to exempt $25,000 (or $50,000 for married couples) from the taxable value of their home. Also, claiming Homestead provides exemptions… + Read More…
So You Want to START a Franchise?
If you own a successful business that is unique to you and are interested in expanding, franchising could be a great way to do just that.