Bite-Sized Bits of Knowledge
Business Planning
BBK Profits Interests
What Are Profits Interests and Why Should You Care? By: Barry E. Haimo, Esq.July 11, 2024 Let’s explore a valuable tool for partnerships: profits interests. Whether you're looking to reward key personnel or align their interests with the company's future...
BBK Corporate Transparency Act
Don't forget to download our FREE: Business planning stress test https://legacy.haimolaw.com/Business-Planning-Stress-Test Florida business entity comparison chart https://legacy.haimolaw.com/business-entity-comparison-chart Additional Resources: Video Ads...
What You Need to Know about Involuntary Disability Triggers
What You Need to Know about Involuntary Disability Triggers By: Barry E. Haimo, Esq. May 3, 2024 Disability is a common trigger of an involuntary transfer. If someone cannot perform, they are not able to contribute to the business. They will, meanwhile, continue to...
Introduction to Business Formation: Why It’s Important
Introduction to Business Formation: Why It’s Important By: Barry E. Haimo, Esq. May 2, 2024 Forming a business entity is easy to do, but not as easy to do right. Forming the wrong entity can be a huge problem. Also, putting the wrong information on the filing can be...
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly
Sole Proprietorships in Florida: The Good, the Bad, and the Ugly Maybe you’re a freelancer and you want to keep things simple, but you also want to brand yourself to help get more work. Or perhaps you’re just a single person with a really cheap idea for a product or...
Understanding the Involuntary Divorce Trigger
Understanding the Involuntary Divorce Trigger If you’ve been following along, we’ve been writing quite a bit about the various types of involuntary triggers that can impact the ownership of a business when one person’s ownership stake or shares are taken away due to...
The Involuntary Bankruptcy Trigger and Bankruptcy Basics
The Involuntary Bankruptcy Trigger and Bankruptcy Basics Bankruptcy is a common trigger of an involuntary transfer. If a partner goes bankrupt, you could find yourself partnered… with a partner’s creditors. Generally, you want to keep it in the family (or within the...
Non Legal Formation Advice
Starting a Business: Non-Legal Formation Advice While you will certainly have to traverse many complex legal facets when starting a business, the broad platform for a healthy business also encompasses many non-legal pieces of common sense. Having certain practical...
What Are Involuntary Transfers and How Do They Work?
As the name suggests, an involuntary transfer of your ownership share of a business is a transfer that you are not choosing to make. It is a transfer that is forced upon you due to specific circumstances, which are generally beyond your control. What kind of...
An Introduction to Governing Documents for Your Business
Governing documents consist of shareholders agreements and bylaws for corporations, operating agreements for limited liability companies (LLCs), limited partnership agreements for limited partnerships (LPs) and partnership agreements for partnerships. They are super...
