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Choosing a Business Entity: The Pros and Cons of 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. [1] 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 Read More

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

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.[1] 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.[1] In its simplest form, a term sheet—also known as a memorandum 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 Read More