The FTC Non-Compete Ban: What Florida Business Owners Need to Know Now (December 2024 Update)
Updated: December 9, 2024 The Federal Trade Commission’s (FTC) attempt to ban most non-compete agreements nationwide has entered a critical phase of legal uncertainty. As of December 9, 2024, the rule’s implementation remains blocked by federal court challenges, leaving Florida businesses navigating between existing state …
Legal Alert: U.S. Department of Labor Publishes Final Rule Increasing Overtime Exemption Thresholds
What Florida Businesses Need to Know to Prepare for the New Overtime Exemption Rule Florida employers with employees working more than 40 hours in a week need to pay overtime unless specific exemption criteria are satisfied. One of these is known as the minimum salary …
LEGAL ALERT: FTC Announces Final Rule That Will Ban Non-Compete Clauses in Florida
The End of Non Compete Clauses as We Know Them? Important Information for Florida Business Owners Updated: April 29, 2024 A Final Rule issued by the Federal Trade Commission (FTC) has essentially made non compete agreements and clauses null and void. In a major shift …
Beneficial Ownership Information (BOI) Reporting Requirements (December 30, 2024 Update)
BOI Reporting Deadlines Suspended Again Updated: December 30, 2024 On December 26, 2024, the U.S. Court of Appeals for the Fifth Circuit has temporarily suspended the enforcement of the Corporate Transparency Act (CTA). Businesses are no longer required to file beneficial ownership information (BOI) reports …
What Florida Employers Need to Know About New E-Verify Requirements
Florida Employers Only Have Until July 1st,2023 to Prepare for the State’s New E-Verify Mandate Updated: July 7, 2023 Florida business owners should act immediately to familiarize themselves with the Sunshine State’s new E-Verify mandate for private employers. As of the writing of this article, …
Florida Digital Bill of Rights: What Small Business Owners Should Know About S.B. 262
How S.B. 262 “The Florida Digital Bill of Rights” Impacts Small Businesses As implied by the name, Florida’s Digital Bill of Rights grants new rights for Florida residents relating to their online and digital privacy, such as the right to opt out of the collection …
How to Use a Virtual Address for Your Florida Home-Based Business
When to Use a Virtual Office Address for Your Florida Home-Based Business As working from home becomes increasingly common, more entrepreneurs are wondering if they can use a Florida virtual address for their business. However, it’s important to weigh the pros and cons before making …
How to Pay Yourself in a Florida Limited Liability Company
How to Pay Yourself in a Florida Limited Liability Company Updated: May 23, 2023 So, you’ve finally formed your limited liability company down here in Florida – congratulations! However, unless you’re a secret billionaire, then chances are that you’re still going to need some form …
Considerations for Hiring Your Child as an Employee in Florida
Hiring your child as an employee in the family business can be a win-win situation for both you and your child. A child employee offers you tax advantages not available with other employees. There are also potential tax savings for the child employee, who can …
5 Things to Accomplish After Relocating or Moving a Business to Florida
Checklist for What to Do After Moving a Business to Florida While you’re no doubt anxious to get things up and running after moving or relocating your business to Florida, there are a few tasks that you’ll need to attend to before you can start …
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