7 Critical Clauses for a Florida Operating Agreement
A limited liability company’s Operating Agreement is its primary governing document, much like a corporation’s bylaws. Too many companies don’t have Operating Agreements. This is a bad idea. You want an Operating Agreement for your Florida LLC. Don’t worry if you don’t know what it …
3 Situations Where an LLC Doesn’t Offer Personal Liability Coverage
A limited liability company’s liability coverage isn’t absolute. That’s what the “limited” part of “limited liability company” is all about. If you want to safeguard yourself and your company to the fullest extent possible, then you will need to educate yourself about what will and …
Florida LLC Ownership Percentage v. Membership Units
You might already know that ownership in a corporation is based on stock. Limited liability companies, however, can choose between two options. They can divide the ownership either by percentage or by the number of membership units owned by a given Member. Both methods give …
The Risks of Being a Registered Agent for Your LLC
When someone first sets up their LLC in Florida, it’s completely understandable that they would want to act as their own Registered Agent. This, however, can be a mistake. The duties of a Registered Agent are practically a job in and of themselves. Even innocent …
LLC Management Structure: Your Options Explained
In a limited liability company, business owners, are called “Members.” The numbers of Members impacts how distributions and contributions will be made as your available tax options. Florida LLCs are either managed by its Members (Member Managed) or by appointed managers (Manager Managed). Regardless of …
LLC Ownership: What to Expect
If this is your first business in Florida, then you’re probably a little unsure about what your day to day life is going to entail as a business owner. This is perfectly natural. LLC ownership comes with a lot of new responsibilities. Running a business …
Limited Liability Company Membership Interest in Florida
A Florida limited liability company’s membership interests are a lot like a corporation’s stock. Both measure an individual or entity’s stake in the business, usually based on their initial contributions. Members can make contributions in money, services (also known as sweat equity), property, or even …
LLC Documents in Florida: The Breakdown
We get it – not everyone enjoys doing paperwork as much as we do. And when you’re starting up your Florida Limited Liability Company, the number of documents and contracts that you’ll need can seem confusing, if not overwhelming. Here are the LLC documents that …
The Florida Operating Agreement: 3 Things to Know
The Florida Operating Agreement: 3 Things to Know Hopefully, you wouldn’t go on a cross country road trip without GPS or a map. Your Florida Limited Liability Company needs to have an Operating Agreement for the same reason. Basically, it defines the business’s structure, management, …
4 Things to Know Before Starting a Business in Florida
Your Business Plan While you might have been dreaming of starting a business in Florida for some time now, writing out a business plan is the first step towards turning your ideas into a reality. This document states your business goals and how you plan …
Introducing Entity Guard
