5 Strategies for Minimizing Personal Liability as a Florida Business Owner
How Florida Business Owners Can Maintain Their Personal Liability Protections Florida business owners need to be sure that they’re taking the necessary steps to protect themselves from being held personally liable for their company’s debts and obligations. This is true even if you’ve formed a …
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: State of Florida Reduces Sales Tax Rate for Commercial Rental Properties
Florida State Sales Tax Rate for Real Property Slashed Down to 2% In a move welcomed by many business owners, the State of Florida is lowering the sales tax rate for commercial rental properties down from 4.5% to 2% effective June 1, 2024. This change …
Can You Relocate, Convert, or Merge a West Virginia LLC into a Florida LLC?
Relocating, Domiciling, Transferring, Converting, or Merging a West Virginia LLC into a Florida LLC Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Entities: Table of Contents There are many ways that business owners can benefit by relocating to Florida from states like West Virginia, such …
Domesticating, Relocating, or Converting an Arkansas LLC to a Florida LLC
Relocating, Domiciling, Transferring, or Converting an Arkansas LLC to a Florida LLC Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Entities: Table of Contents You aren’t alone if you’re thinking about moving your business to Florida. Our state is an attractive prospect for companies from …
17 Answers to Your Corporate Transparency Act Questions
The Corporate Transparency Act’s Beneficial Ownership Information (BOI) Reporting Requirements Updated: March 26, 2024 Update: The Corporate Transparency Act’s (CTA) Constitutionality Challenge While there have been many headlines talking about how the CTA was found to be unconstitutional, it’s important to understand the context surrounding …
What Is the Difference Between a Member and a Manager?
Members vs. Managers: What to Know About Members and Managers in a Florida LLC Updated: November 10, 2023 The owners of a limited liability company (LLC) are called members. They can manage the LLC themselves (member-managed), hire others to manage the LLC on their behalf …
Can You Relocate or Convert a Washington, D.C., LLC to a Florida LLC?
Relocating, Domiciling, Transferring, or Converting a Washington, D.C., LLC to a Florida LLC Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Entities: Table of Contents Not enough business owners know that it’s possible to relocate qualifying LLCs to a new jurisdiction, such as from Washington, …
Can You Relocate or Convert an Alaska LLC to a Florida LLC?
Domesticating, Relocating, or Converting an Alaska LLC to a Florida LLC to Pay Less on Taxes Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Entities: Table of Contents Florida has a lot more to offer business owners from Alaska than a break from the cold. …
Can You Relocate or Convert a Nevada LLC to a Florida LLC?
Relocating, Domiciling, Transferring, or Converting a Nevada LLC to a Florida LLC Updated: June 24, 2024Reading Time: 10 Minutes Objectives: Entities: Table of Contents Florida offers many advantages to the businesses and business owners that call it home, so it’s easy to see why so …
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