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 virtual address for their business. However, it’s important to weigh the pros and cons before making any …
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 …
Why You Should Hire FL Patel Law PLLC for Your Florida LLC Formation
How Our Firm Can Set Your Florida LLC Up for Success from the Start and Make Life Easier for You as a Business Owner FL Patel Law PLLC was founded in 2016 as a part of Attorney Kalpesh J. Patel’s ongoing mission to empower entrepreneurs …
The Risks of Using DIY Business Formation Websites
The Dangers of DIY Business Formation Services As a business law firm, one of the most frustrating things that we encounter are DIY business formation websites and similar services. They cause our clients more problems than they purport to solve. This is because they offer …
Meeting Minutes: 10 Ways Meeting Minutes Benefit for Your Business
10 Reasons Why Your Company Needs Meeting Minutes LLCs and corporations are popular among business owners for many reasons. Perhaps none of these reasons is more appreciated than the personal liability protections afforded by both. While these protections are extensive and will in most cases …
7 Critical Clauses for a Florida Operating Agreement
7 Essential Terms for Florida Operating Agreements 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. Don’t …
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 …
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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