Architects and engineers design blueprints to make sure that their creations will be sound structurally. If you are a business owner, a business plan is a blueprint to help you ensure that your business will be operated soundly. If you do not have a formal business plan, especially if you are launching a new business, […]
Why Do I Need A Business Plan? Read More »
Florida regulators have signed off on a 14.5 percent increase in the cost of workers’ compensation insurance for every employer in the state. The rate increase has been in effect for all new and renewing workers’ comp policies since December 1, 2016, but this rate increase will impact some Florida industries substantially more than others.
Increased Workers’ Comp. Increase Could Cost Businesses Read More »
Late in November 2016, the United States District Court for the Eastern District of Texas granted an Emergency Motion for Preliminary Injunction which stops the changes to the Fair Labor Standards Act that were scheduled to take effect on December 1, 2016. The injunction applies to all fifty states, and it puts at least a
Florida Halts The Fair Labor Standards Act Read More »
According to survey results released earlier this year by SunTrust Bank, 73 percent of all businesses experience actual or attempted fraud. The most common type of fraud perpetrated against small business is still the bad, handwritten check. Checks, according to Manuel Perdomo, the chairman, president and CEO of SunTrust Bank South Florida, constitute “an open
Small Businesses And The Problem With Checks Read More »
The federal law that guarantees fair hours and wages is the Fair Labor Standards Act (FLSA). The FLSA created the 40-hour week, rukes for overtime, and the minimum wage. It became law in 1938 after some employers exploited the circumstances of the Great Depression to impose dangerous conditions and long hours on workers. In 2016,
An Overview of The Department of Labor’s New Overtime Rule Read More »
“Florida has a lot of opportunities for landlords,” according to Rick Drew, market leader for the Miami division of the property management company Renters Warehouse. If you’re a landlord in central Florida, you already know those opportunities entail some considerable legal obligations. Failure to meet all of those obligations can land you in court – unnecessarily
Ten Important Tips For Florida Landlords Read More »
If you already operate your own business in Florida or if you are starting up your own new business, congratulations. Starting a new business can be exciting, and being your own boss can be genuinely gratifying. But running a business can also be somewhat dangerous, and you’ll face many types of risk as a business
How to Identify and Manage Business Risks Read More »
If you are the sole proprietor of your own small business in Florida, as a business formation law firm in Florida, we must tell you that you must report all of your business income or losses on your personal federal income tax return. Because your small business is a single proprietorship, it is not taxed apart from
How Sole Proprietors Pay Taxes Read More »
What is the difference between an agreement and a contract? If you own a small business, you need to be precise about the distinction. An “agreement” is simply any arrangement or understanding between two or more parties about their rights and responsibilities to each other. These kinds of arrangements may be “gentlemen’s agreements,” where the agreement
Informal Agreements VS. Formal Contracts Read More »
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