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) …
LLC Ownership: What to Expect
LLC Ownership: What to Expect If this is your first business in Florida,then you’re probably a little unsure about what your day to day life is going to entail as a business owner. This is perfectly natural. LLC ownership comes with a lot of new …
Limited Liability Company Membership Interest in Florida
Limited Liability Company Membership Interests in Florida A Florida limited liability company’s membership interests are a lot like a corporation’s stock. Both measure an individual or entity’s stake in the business, usually based on their initial contributions. Members can make contributions in money, services (also …
LLC Documents in Florida: The Breakdown
LLC Documents in Florida: The Breakdown We get it – not everyone enjoys doing paperwork as much as we do. And when you’re starting up your Florida Limited Liability Company, the number of documents and contracts that you’ll need can seem confusing, if not overwhelming. …
The Florida Operating Agreement: 3 Things to Know
The Florida Operating Agreement: 3 Things to Know Hopefully, you wouldn’t go on a cross country road trip without GPS or a map. Your Florida Limited Liability Company needs to have an Operating Agreement for the same reason. Basically, it defines the business’s structure, management, …
4 Things to Know Before Starting a Business in Florida
4 Things to Know Before Starting a Business in Florida Your Business Plan While you might have been dreaming of starting a business in Florida for some time now, writing out a business plan is the first step towards turning your ideas into a reality. …
5 Tips to Avoid Florida Small Business Lawsuits
Small Business Lawsuit Prevention No one wants to be sued. While many business owners know about the liability protections that certain business entities can offer, these protections are not absolute. You’ll want to take care of a few more things if you want to minimize …
9 Things to Figure Out Before Starting a Joint Venture
9 Things to Figure Out Before Starting a Joint Venture As excited as you and your partner might be to get the ball rolling on your joint venture, you need to take a minute to plan things out. Rushing into a project this big can …
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