In the state of Florida, the economy is booming, and now is a great time to launch a new business venture based in Florida. One key question that a new business owner must have answered is this: Is a business owner personally responsible for the debts that are owed by his or her business? The […]

Florida are great states for those who are looking to launch a new business. These states are booming demographically and economically. Since the recession almost a decade ago, both Florida have been the site of consistent, solid economic growth. Florida doesn’t impose a state income tax, and several years ago, to attract employers, Florida reduced

Business entails risk, so most business owners want to understand risk as completely as possible. Precisely what is risk? How can a business law firm in Daytona Beach help? The dictionary definition is not a bad place to start. Merriam-Webster defines risk as: a possibility of loss or injury; someone or something that creates or suggests a

If you own a business, you are already aware that terminating an employee is one of the most difficult things that a business owner sometimes has to do. When you have to terminate someone, be sure that you do it in a way that protects you, your company, and your other personnel. Secondly, be sure

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,

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.

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

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

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,