CNN Money Likes Jacksonville Entrepreneurs

Jacksonville EntrepreneursJacksonville, Florida was recently praised by CNN Money for being an emerging hub for both start-up companies and entrepreneurs.

Contributing factors to the success of the increase in Jacksonville Entrepreneurs include inexpensive business and labor costs, low taxes, warm weather, and availability of capital. Jeanne Miller, executive director of Jacksonville Civic Council, says venture capital and money from angel investors is coming back to Jacksonville.

“Jacksonville’s a hidden jewel for entrepreneurs,” said Theodore Carter, executive director of the city’s Office of Economic Development. “We have a young ecosystem here that’s very welcoming to innovation and new business.”

This ecosystem of Jacksonville entrepreneurs is further exemplified through events such as One Spark, and the UNF Leadership Summit, and many other events with the entrepreneurial spirit in Jacksonville.

Source: Jacksonville is Hot for Startups

Who picks the Florida Closing Agent in a Real Estate Transaction?

Swimming Pool and SpaAlthough there is no law regarding who picks the closing agent in a Florida real estate transaction, it is customary for the Seller of the property to choose the Florida Closing Agent. It is also customary for the party who chooses the closing agent to pay the “closing costs,” such as the deed recording, the title search, etc.

Specific closing costs vary on each real estate transaction.

If you are the seller of a piece of Florida real estate, you want to choose the Closing Agent so you will have control of the security deposit if the buyer chooses not to close and the contract provides for a non-refundable deposit. If the Closing Agent also acts as the Escrow Agent in the transaction, then the security deposit should be held in a trust account until the transaction is completed.

If you hire a Florida Real Estate Attorney as your Florida Closing Agent, they may be able to easily satisfy some of the items required by the Title Company before Title Insurance can be issued to the buyer. These items may consist of documents that are legally binding and should be drafted by an attorney.

If someone is interested in purchasing your home or business, then contact Boyer Law Firm’s Florida Residential and Commercial Real Estate Attorneys today.

Florida Contracts: Types and Definition

Florida Contract AttorneyA Florida contract is an agreement between two or more parties, whether they are individuals, business entities, or non-profit entities. Due to this broad definition, there are infinitely many different kinds and types of contracts.

Having a Florida contract attorney draft your contract will ensure that you understand what you are signing and that at least some of the conditions of the contract are in your favor. By understanding what you are signing you understand your responsibilities and the responsibilities of the other party.

If either party fails to live up to these responsibilities, then a civil lawsuit for breach of contract can occur, which can be a very costly process, especially if you are the one who caused the breach of contract.

Some categories of contracts include:

Business Contracts

Partnership Agreements
Articles of Organization or Incorporation and Operating Agreements (Yes, these are contracts!)
Employment Agreements
Non-Compete Agreements

Real Estate

Purchase and Sale Agreement for Residential or Commercial Property
Commercial Lease Agreement

AND MANY MORE

You should always have an Attorney review your contracts, and don’t forget the Golden Rule:

NEVER SIGN SOMETHING YOU DO NOT UNDERSTAND!
CALL A FLORIDA CONTRACT ATTORNEY!

LLCs for Married Couples: Preventative Law

LLCs for Married Couples

The Florida Business Journals recently published an article about LLCs for married couples entitled “How to Divorce-Proof your Business.

Here at Boyer Law Firm, we have started many corporations and LLCs for married couples and families, and our policies and procedures protect both the business and its members.

When you are creating a business, whether it be with a family member or not, it is important to protect yourself as an individual.

This can be done in different ways, depending on your specific situation.

The most common way is to have a business law attorney draft an Operating Agreement that outlines how units or shares of the company can be bought, sold, or traded. When your corporate documents are being drafted, it is important to really think about who is going to own what percentage of the company and what roles in the company those parties will play.

Additionally, you should create and maintain a separate corporate bank account, not only in the case of a disagreement, but also for asset protection purposes.

A prenuptial agreement or post-nuptial agreement (after getting married) can also be a form of legally deciding who will maintain ownership of the company in the case of a divorce. These types of agreements are legally binding contracts and should be drafted and reviewed by an attorney before you sign them.

If you would like to create a Florida LLC or Corporation or have questions regarding asset protection in business formation, then contact Boyer Law Firm’s Business Law Attorneys today.

Difference: Florida Residential & Florida Commercial Real Estate

Florida Commercial Real EstateTwo types of properties when it comes to Florida Real Estate are Residential and Commercial.

Residential real estate refers to properties intended for people to reside in, such as houses, apartments, etc. Commercial real estate refers to a building or land intended to generate profit from capital gain or rental income, such as a storefront, apartment complex, office building, mall, etc.

It is important to differentiate between these two types of real estate when hiring a Florida real estate attorney because the process of buying or renting these properties can be very different.

Here at Boyer Law Firm, we concentrate on buying and selling both residential and commercial properties, and we handle commercial rentals and commercial landlord/tenant issues. We do not practice residential landlord tenant issues or assist tenants with residential leases.

If you are interested in purchasing a commercial property, then our commercial real estate attorneys can assist you with determining whether you should buy or rent the property. Commercial real estate transactions can be must more complex then residential real estate transactions, which is why it is important to hire a Florida commercial real estate attorney.

When renting a commercial property, it is important to have a Florida commercial real estate attorney review the lease agreement BEFORE you sign it. Remember, a lease agreement is a contract which can run up to 75 pages long! We have received many calls from people attempting to get out of a bad commercial lease agreement, and their issues could have been solved in a much easier and cost-efficient way if they had hired an attorney to review the lease before they signed it.

Our residential real estate attorneys can assist you in purchasing a Florida residential property in a quick and efficient manner. It is important to hire an experienced residential real estate attorney to assist you with the closing, including making sure the property has a clear title, which is done through a title search. If a proper title search is not performed on the property, then the buyer can potentially be stuck with many detrimental issues, such as these horror stories.

Contact our office today to see how our Florida real estate attorneys can assist you.