Category: Business

llc s corp business attorney jacksonville florida
One of the smartest moves you can make as an entrepreneur is to structure your business as a limited liability company (LLC) or an S Corporation. You’re probably aware that both LLCs and corporations can protect your personal assets from debts and lawsuits incurred by your business, but they also offer other key benefits that you might not know about. Indeed, these entities blend certain positive aspects of a sole proprietorship, partnership, and corporation, without some of the drawbacks of such organizations. What’s more, the Tax Cuts and Jobs Act (TCJA), offers many LLCs and S Corps an entirely new tax-savings deduction, which when combined with the other benefits, make them among the most advantageous entities for today’s small businesses. Laws governing LLCs and S Corps vary by state, but in general, they offer 3 major benefits: 1. Enhanced Credibility When it comes to owning a business, one of your…

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dont do this on social media business attorney advice
Social media offers you an amazing opportunity to authentically connect with clients, build brand awareness, and dramatically boost sales. When done right, social media can propel even a tiny business into a global phenomenon overnight. When done wrong, however, social media can do incredible damage to your brand in a short time span. Making just one errant post to Facebook or Twitter can alienate loyal clients, ruin your reputation, and make your company the butt of jokes on late-night T.V. And that’s not even mentioning the potential legal and financial risks that can occur if you’re not careful. If you want to prevent your brand from going viral for the wrong reasons, here are three things you should never do on social media. If you want help developing a social media policy for your company or would like a comprehensive audit to ensure your business is protected, Yamani Law offers…

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employee severance agreements business attorney jacksonville fl
At some point, it’s virtually inevitable that some of your staff will leave your employment. Whether they leave of their own volition or they’re terminated, it’s simply the nature of running a business that not all employees will be around forever. In some cases, it can be a good idea to offer departing employees a severance (separation) agreement, especially if the worker was laid off or let go for reasons other than serious misconduct. Such agreements are vital in protecting your company from lawsuits and other potentially detrimental actions by the departing employee. These agreements may seem somewhat expensive up front, but they protect against even larger expenditures of time and money down the road. If your business is relatively small, you can be financially wiped out by just having to defend your business in court. The primary objective of severance agreements is to shield your company from legal liability.…

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how to name your business
One of the coolest parts of owning a business is getting to come up with its name. On the creative side, you’re choosing a name to represent and encapsulate the essence of your life’s work. On the practical side, you’re trying to come up with something that will most effectively grab the interest of potential customers. Another issue you might not be aware of, though, is how many different laws exist related to naming your business. These laws vary state by state, so what’s legal in one place might not be legal in another. To this end, navigating state laws governing business names is something that not only startups must consider, but also those well-established companies that might expand into more than one state. While it’s impossible to list all of those state laws here, there are several common factors most state-name laws center around. If you’re in the process…

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estate planning business attorney jacksonville
When running a business, it’s easy to give estate planning less priority than other matters. After all, if you’re facing challenges meeting next month’s payroll or your growth path over the immediate term, concerns over your potential incapacity or death can seem far less pressing. But the reality is considering what would happen to your business in the event of your incapacity or when you die is one of the most valuable things you can do for your business when it’s done right. Though estate planning and business planning may seem like two separate tasks, they’re actually inexorably linked. And given that your business is likely your most valuable asset, estate planning is vital not only for your company’s continued success but also for your family’s future well being. Without a proper estate plan, your staff, clients, and family could face dire consequences if something should happen to you. Yet…

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Business incubators (not to be confused with ‘business accelerators’) provide a warm, safe environment for start-ups to grow and develop. They may be privately sponsored or overseen by public institutions, such as universities, but their goal is to provide bulk resources to multiple new businesses. This can include access to much-needed capital funding. Incubators can be found throughout the world and across the United States—there is even a National Business Incubation Association that provides a directory. They are often industry specific, and the new trend now are virtual incubators. However, if you feel that networking and collaboration may be essential to your business, it is probably best to work on-site. But young businesses must be cautious in choosing an incubator and decide if one is an appropriate choice to begin with. Biding for incubator space is a competitive, time-consuming process and there’s no guarantee that the incubator will approve your…

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If you search “how to start a business” on Google, you will see the words “business plan” a hundred times. Your business plan can be as flexible and custom-fitted to your venture as you want it to be, however, there are some components that cannot be overlooked, such as funding, organization and financial projections. The U.S. Small Business Administration is a good starting point for DIY business planning, but having an accountant, financial advisor and an attorney have a look at your plan is strongly recommended. You never know what you may miss when blinded by your ambitions. One of the most overlooked parts of a business plan is the owner’s exit strategy. Assuming no one wants to literally work themselves to death, contemplating for retirement or succession should be one of a business owner’s top considerations. It can seem a little unnatural to think about selling your business before…

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