Updated: January 2020 This post was updated in Jan. 2020 to reflect the massive changes that were made to the Florida Business Corporation Act (Sec. 607) and the minor changes that were made to the corresponding Revised LLC Act (Sec. 605). Shakespeare famously wrote, “What’s in a name?” If you’re a business owner, quite a […]
Three Considerations When Naming Your Florida Corporation or LLC Read More »
Business owners use business entities to protect their personal assets from business debts and creditors, to separate management of the enterprise from ownership, and to enable outside investment into the business. A properly created, structured, and operated business entity can limit the risk to an owner’s personal assets. It can be difficult to decide which
Back to Business Basics: Corporations 101 Read More »
For those that are outsiders to the business world, the nomenclature, acronyms, and abbreviation systems can cause frustration. This is especially true with business entities. The possible abbreviations seem endless: GP, PA, LP, LLP, PLLC, LLC, Co, Inc. We aren’t going to try to wade through the sea of acronyms for business entities. Suffice it
Why You 100% Need a Business Entity to Limit Your Personal Liability Read More »