Significant Changes for Florida LLCs – 2014 Florida Revised Limited Liability Act

As you are probably aware, effective January 1, 2014, the Florida Revised Limited Liability Company Act (the “Act”) was adopted.  All limited liability companies formed on or after January 1, 2014 are subject to the Act.  All limited liability companies formed prior to January 1, 2014 will become subject to the Act effective January 1, […]

Big Changes for Florida LLCs

Recently, the Florida legislature adopted a new limited liability company act. This new Florida LLC Act (the “Revised Act”) will be codified in Chapter 605 of the Florida Statutes and becomes effective on January 1, 2014. Initially, it will apply to all LLCs in Florida that are formed on or after January 1, 2014. In […]

Corporate Alert – 2013 Certificate of Status Renewal

Recently we reported a scam involving a mailing to business owners indicating that they were required to file “annual minutes” with the Florida Department of State or pay a fee to “complete their articles of incorporation.” The opportunists are back at it and there is new scam that we were alerted about today. The new […]

Required Maintenance for Business Entities: Do Your Business Records Need a Tune-Up?

Are you properly maintaining your business entity? Corporate entities are required to file annual reports with the Department of State. In addition, business entities are required to maintain business records, such as records of annual meetings or annual written consents of shareholders and directors, as well as maintaining up-to-date stock or membership interest transfer records. […]

Think Assets In Separate Entities Are Safe? – Think Again

Many people believe that if they form separate companies to hold assets or operate businesses, that each entity will be responsible for its own debts but not the debts of related entities; this is not always the case. In some lawsuits courts are empowered to grant “fair” relief in addition to granting commonly known relief […]