Start Your Startup: Five Steps to Starting a Business Legally

Your brain is probably brimming with ideas for your startup, but ideas require action before they can take shape! Follow these 5 steps to ensure you meet the legal requirements for starting a business. Step 1: Choose and Create Your Business Entity The first legal step towards starting a business involves choosing a business entity. Sole proprietorships, partnerships, limited liability companies (LLCs), and Read More

5 Common Issues That Arise in Corporate Governance

Corporate governance is the term used to describe the balance among participants in the corporate structure who have an interest in the way in which the corporation is run, such as executive staff, shareholders and members of the community. Corporate governance directly impacts the profits and reputation of the company, and having poor policies can expose the company to lawsuits, fines, reputational damage, and loss Read More

What Is the Difference Between a Copyright and a Trademark?

There is a lot of confusion in the business world about copyright and trademark. Many people use them interchangeably or call a trademark a copyright and vice versa. The reality is that trademark and copyright are two separate and distinct animals with little overlap. While the two are very different, the good news is that the differences are easily defined and when applied in the business world, make a great deal of Read More

Understanding the “Why?” and “What?” of Written Partnership Agreements

There are bumps in every road to success. That is part of the reason why having a written partnership agreement is so essential for business partners. Written partnership agreements clarify each partner’s rights and obligations in the relationship, but they also lay out what will happen if the unthinkable occurs, including death or incapacity of one of the partners. Every partnership should have a written partnership Read More

Choosing a Business Entity: The Pros and Cons of Forming a C-Corporation in Florida

Individuals who must decide on business entities are faced with a variety of options including corporations, limited liability companies, partnerships, and sole proprietorships. There is also the question of what tax treatment your entity should receive. One of the best ways for individuals interested in selecting a business entity to decide which election to make is to understand the strengths and weaknesses of each Read More

Choosing a Business Entity: The Pros and Cons of Forming an LLC in Florida

In Florida, there are several ways that a new business can legally organize, including sole proprietorships, corporations, partnerships, and more. Many businesses find that registering as a Limited Liability Company (“LLC”) is the best route for them. Becoming an LLC in Florida has a number of different advantages and disadvantages—both at the federal level with regard to taxation and at the state level regarding the Read More

Preventing Employees from Becoming Liabilities: 4 Key Benefits of Using Non-Compete Agreements

Your employees should be your company’s greatest asset, but under some circumstances they can quickly turn into liabilities. As an employer, there are many steps you should take to mitigate the risk of employees or former employees causing irreparable harm to your company. One of the most useful tools to help you mitigate that risk is the Non-Compete Agreement. This is a contract signed by your employees that Read More

Work-Life Balance: 4 Useful Tips to Help You Avoid Startup Burnout

There are few things more exciting and satisfying than starting your own company. For many people, the joy of creating something and building it from the ground up is both indescribable and unparalleled. But that joy can quickly turn to dread, anxiety, and depression if you allow yourself to become burned out...and trust us, the risk of burning out when you start a company is incredibly high. The best way to Read More

5 Challenges Inherent with Digital Intellectual Property

There is no denying that intellectual property (IP) law can be complicated. Even so, protecting your company’s name, logo and other unique creations is essential to your success. The digital age has led to new and challenging IP issues that any business that uses digital assets—such as software, websites, and much more—of which you should be fully aware. Below we have detailed five significant legal challenges Read More

Pros and Cons of Using a Term Sheet

A term sheet is a vital tool utilized in numerous types of business transactions. In its simplest form, a term sheet—also known as a memoranda of understanding or a letter of intent—is an agreement in principle, on the intended terms of a transactions. They usually have very little legal weight behind them and are mostly intended as a means of summarizing the fundamental points of the agreement and demonstrating that Read More