What Happens to a Florida LLC When the Owner Dies?
What Happens After the Death of an LLC Member in Florida? Under Florida law, LLC members are immediately dissociated from the company upon their death. Much like a voluntary dissociation, this means that the member (or in this case, the member’s estate) loses their ownership …
6 Common Questions About Florida S Corporations
6 Things You Need to Know About Florida S Corporations and S Corporation Election There are a lot of misconceptions out there about Florida S corporations. For example, many business owners don’t realize that it isn’t a type of business entity. Rather, Florida S corporations …
Your Florida LLC’s Principal, Mailing, and Registered Agent Addresses Explained
What’s the Difference between Principal, Mailing, and Registered Agent Addresses for a Florida LLC? In your personal life, your address is pretty straightforward – it’s where you live. However, when it comes to your Florida LLC’s address, things are a little more complicated. You might …
5 Reasons Your Florida LLC Needs an Operating Agreement
5 Reasons Your Florida LLC Needs an Operating Agreement Too many Florida LLC owners mistakenly think that they’ll be fine without an operating agreement. While not required by Florida state law, an operating agreement is fundamental to protecting your business from many worst-case scenarios. It’s …
Converting a C Corporation or S Corporation into an LLC in Florida
How to Convert a Florida Corporation into a Florida Limited Liability Company Our firm regularly helps clients who want to convert their corporations into limited liability companies. There are many reasons for a business to do this – for example, they might want to enjoy …
Meeting Minutes: 10 Ways Meeting Minutes Benefit for Your Florida Business
10 Reasons Why Your Florida 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 …
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 …
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