The term “statute of limitations” refers to the deadline within which a person or entity can file a lawsuit for a specific reason. If the plaintiff fails to file the lawsuit within the statutory deadline,…
Different business structures allow shareholders to enjoy limited liability, which results in no personal liability for the company’s debts. In this article, you will discover whether creditors can pierce the corporate veil of a limited…
When the member of an LLC voluntarily leaves the business, the parties involved have time to discuss the terms of the withdrawal and the company’s subsequent steps. The unexpected death of a member results in…
Limited liability companies (LLCs) are a unique type of business structure that combines the characteristics of partnerships and corporations. As its name suggests, it offers limited liability, which explains why many Florida residents form LLCs…
Limited liability companies (LLCs) are often used for asset protection purposes. As its name suggests, this business structure protects individual members against the company’s liabilities and vice-versa. Are Florida LLCs shielded against lawsuits? Read on…
Probate is the court-supervised process to distribute the estate of a deceased person to the rightful heirs and beneficiaries. Depending on the size and complexity of the decedent’s estate, it may result in a stressful…
A buyout agreement is a binding legal contract between multiple parties involved in a business entity. The purpose of this document is to outline the future ownership of the company if one of the owners…
A partnership is a business arrangement in which two or more individuals contribute to the company’s operations while equally sharing profits and liabilities. What happens if someone wants to leave the arrangement? Read on to…
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