7 Critical Clauses for a Florida Operating Agreement
7 Essential Terms for a Florida Operating Agreement A limited liability company’s Operating Agreement is its primary governing document, much like a corporation’s bylaws. Too many companies don’t have Operating Agreements. This is a bad idea. You want an Operating Agreement for your Florida LLC. …
3 Situations Where an LLC Doesn’t Offer Personal Liability Coverage
3 Situations Where an LLC Doesn’t Offer Personal Liability Coverage A limited liability company’s liability coverage isn’t absolute. That’s what the “limited” part of “limited liability company” is all about. If you want to safeguard yourself and your company to the fullest extent possible, then …
Florida LLC Ownership Percentage v. Membership Units
Florida LLC Ownership Percentage v. Membership Units You might already know that ownership in a corporation is based on stock. Limited liability companies, however, can choose between two options. They can divide the ownership either by percentage or by the number of membership units owned …
The Risks of Being a Registered Agent for Your LLC
The Risks of Being a Registered Agent for Your LLC When someone first sets up their LLC in Florida, it’s completely understandable that they would want to act as their own Registered Agent. This, however, can be a mistake. The duties of a Registered Agent …
How to Make Changes to a Florida LLC
How to Make Changes to a Florida LLC All of us have to adapt and change in response to what life throws at us. A limited liability company is no different. Maybe your business moved from Tampa to Saint Petersburg and needs to update its …
LLC Management Structure: Your Options Explained
LLC Management Structure: Your Options Explained In a limited liability company, business owners are called “Members.” The number of Members impacts how distributions and contributions will be made as well as your available tax options. Florida LLCs are either managed by its Members (Member Managed) …
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