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 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 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...
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...
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...
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...