Number of Baby Boomer Entrepreneurs is Increasing

baby boomer entrepreneurSome Baby Boomers may be retiring from the workforce, but there is an increase in Baby Boomer Entrepreneurs.

The highest rate of entrepreneurship in the U.S. has shifted to people aged 55-64, according to a press release from U.S. Senator Bill Nelson’s office (FL).

“Today, we’re seeing more and more older entrepreneurs make a positive mark on our economy,” Nelson said. “As their numbers continue to rise, so too does our responsibility to reduce barriers to entrepreneurship, and ensure seniors receive the support they need to create successful start-ups.”

As with any other age group of entrepreneurs, it is important for you as a baby boomer entrepreneur to incorporate your business properly. If you are in the baby boomer age range, then you need to make sure your personal assets are protected not only for yourself, but also for your children, grandchildren, and other loved ones.

Additionally, if you are a foreign investor in the baby boomer age range, there are visa options for you and potentially your children, so contact Boyer Law Firm today to see how we can assist you.

U.S. Marriage Immigration: What Should We Do?

Falling in love and getting married is an exciting time, but if your spouse is an American Citizen and you are a foreign national, it can also be a very stressful time if you are trying to get a visa or become a permanent resident of the United States.

u.s. marriage immigrationThere are different options for fiancés and spouses of American Citizens, such as marriage visas, marriage adjustment petitions, and fiancé visas. It is beneficial to hire a U.S. Immigration Attorney to discuss the different U.S. marriage immigration options you have and to help you through the visa process.

The U.S. marriage immigration process, or the process for any type of immigration petition, can be a daunting task, especially with the added security measures that have been enacted. Although it is impossible to guarantee the acceptance of your immigration application, hiring an attorney will aide you with completing the paperwork properly, ensure that you are applying for the correct immigration status, and will increase your chances of success.

Some questions that our U.S. immigration attorneys will be able to answer are:

–          Should I get married in the U.S. or in another country?
–          Can my child come to the U.S. with me?
–          Should I apply for a different type of visa so I can be in the U.S. while applying for a marriage adjustment petition?
–          And more.

These questions require the legal analysis and advice of an experienced U.S. immigration attorney. If you are interested in a visa or would like to schedule a meeting to discuss your visa options, then contact Boyer Law Firm today.

SCAM ALERT: Businesses Do NOT File Annual Minutes!

SCAM Rubber StampBeware of this scam to fool business owners as it comes time to file their annual report! A company is sending business owners what looks like an official letter asking them to file their “Annual Minutes” for $125. These notices are not from the state or any other government agency.

Business owners are required to file their Annual REPORT, not their Annual MINUTES. The annual minutes should be kept by the business for its own records.

If you receive a letter asking you to file your annual minutes, ignore it or contact an attorney. If you have already received the letter and paid it, contact the State Attorney General’s office.

Wire Transfers for International Business

Wire Transfers for International Business Owning and running a Florida business from another country can be a daunting task, especially when you are just starting out.

Due to U.S. immigration issues, many of our clients will create and begin to build their business from another country, such as France, Belgium, Switzerland, Argentina, Colombia, Canada,Turkey, etc., before applying for a U.S. Visa, such as a B-visa or E2 Visa, or Legal Permanent Residence, such as through an EB5 visa. When you are creating and investing in a business, there will inevitably be funds that need to be transferred between countries and accounts for bills and other various situations.

So how do you manage these large money transfers when you are an ocean away?

The first thing that most of the world uses, the IBAN system is not used in the U.S. Instead, the SWIFT method is how money is transferred internationally to the U.S.

The other aspect is that wires in the U.S. are not sent to a specific branch, i.e. 123 Main St., Miami but merely to the “main” bank. For Wells Fargo, its address is in San Francisco, SunTrust in Atlanta, Chase in New York, etc.

Major international business transactions are usually done via wire transfers. A wire transfer is the electronic transfer of funds from one person or institution to another. In most cases, wire transfers are done between institutions, namely banks, who charge a fee for this service.

When you make a wire transfer, it is important to preemptively research these fees, as they vary depending on the institution, location, and more. The best way to do this is to verify the fees with BOTH of the institutions you will be dealing with, i.e. the bank you are transferring the money from and the bank to which you are transferring the money. If you do not account for these fees when making a wire transfer, then your payment will be for a lesser amount than you intended.

Wire transfers are used for situations such as:

–          Purchasing Real Estate
–          Purchasing a Business
–          Transferring Funds into your U.S. Business Account or another U.S. Bank Account
–          Making a deposit into an Escrow Account
–          Making a payment to your attorney
–          Paying court fees
–          And more

Do I Need to Create A Florida LLC?

Florida LLC“Do I need to create a Florida LLC, or Corporation?”

If you conduct business in the State of Florida, then the answer is YES!

For over 100 years, corporations have been in existence, and Limited Liability Companies (LLCs) have been in existence since 1982. Florida LLCs gained popularity in 1999 after the repeal of the Florida corporation income tax on LLC’s income and further government initiated tax breaks.

Issues involving taxes and asset protection are the main reason you should consult with a Florida Corporate Attorney when forming your business. A Florida Corporate Attorney will be able to explain the differences between the different types of companies and assess which type best fits your individual needs.

One of the principle purposes of creating a company is for asset protection. When you create a Florida LLC or Corporation, especially if you are a single-member Florida LLC, you should be separating your corporate assets from your personal assets, including real estate, cash, and other assets. This is creating what is called the “Corporate Veil.”

By separating your assets, you are limiting the ability of creditors to access your personal assets for debts owed by the company. These debts may include unpaid bills, Court judgments, liens, etc. If you do not properly separate your assets, then you risk the chance of never creating the “Corporate Veil” asset protection.

Florida Baby Boomers and Probate

As Florida Baby Boomers continue to age, there will inevitably be an increase in the amount of deaths in the United States, especially in Florida, where many baby boomers reside.

When a loved one dies, regardless of whether or not they have a will, the estate must go through a process called “probate,” with the exception of very rare cases.

Florida Baby Boomers and ProbateIf you have a family member who is a Florida baby boomer or older, then you need to start thinking about what you and your loved ones will do when they are gone, such as:

– Does your loved one have a will?
– Has your loved one appointed a personal representative for their estate?
–  Does your loved one own property in multiple states or countries? If so, each may have to be probated individually.
– Does your family have a trust that applies to the probate process

Many Florida baby boomers are “snowbirds” who are also residents of other countries or states, where they also own assets. In these cases, the decedent’s estate must be probated in more than one court.

If you have recently suffered the loss of a loved one who passed away in Florida, or possessed assets, such as a house, in Florida at the time of their death, then contact Boyer Law Firm today to see how our Florida probate attorneys can assist you.

Can I get an Investor’s Visa if I Buy a House in Florida?

Can I get an Investor’s Visa if I Buy a House in Florida?Many people, especially Canadian residents, are under the impression that if they simply buy a house in Florida, they will qualify for a U.S. Investor’s visa, but this is generally not the case.

Although purchasing a house can be considered an investment in the common use of the word, U.S. Investor’s visas require the funds to be invested in a “bona-fide enterprise.” This investment should contribute to the American economy, meaning the enterprise must be an ongoing business.

One way to satisfy the investment requirements of an Investor’s visa could be by purchasing an apartment complex or office complex and renting out the units. If you choose to proceed in this direction, you will be required to form a company, invest in that company, and rent the units through that company. However, the business cannot be “marginal”, meaning it must provide more than just enough income on which the investor’s family can live. The business must also create jobs, which is often the most challenging aspect.

If you do not want to start a business in Florida, but you do want to purchase a house, then you do have other visa options.

If you would like to buy a house in Florida or a commercial property in Florida, believe that you qualify for an Investor’s visa, or need to discuss your visa options with an experienced immigration attorney, contact Boyer Law Firm, P.L. today.

What Documents Do I Need to File a Florida Civil Lawsuit?

What Documents Do I Need to File a Florida Civil LawsuitWhen you contact a Florida civil litigation attorney for a Federal or Florida civil lawsuit, it is important to gather all of the information you have regarding the matter first. This information should include any and all contracts, emails, other correspondence, and any other documents that demonstrate your claim(s).

Having all the information up front will benefit you in at least two ways:

–          The attorney you contact will be better equipped to analyze your situation and decide the best way to proceed

–          You will ultimately save time, and therefore money, when the case proceeds to the Florida litigation discovery process, which can be very overwhelming.

Each Federal or Florida litigation case is separate and will require different document production, but these items are usually a good place to start. If you believe you have a claim against another party and are considering filing a Florida civil lawsuit against them, then contact Boyer Law Firm’s litigation attorneys today to see if and how we can assist you.

Types of Trusts in Florida

Types of Trusts in FloridaA trust is an arrangement in which one person (the trustee) manages and holds the title to property, which can be both personal property and real property, to another (the settlor or with) in favor of a third party (the beneficiary).

There are many types of trusts in Florida. A testamentary trust is a trust created by the will of a person and takes effect after his death. One of the reasons why a person may want to create a testamentary trust is it allows him to control how the trust assets are given to the beneficiary.

There are other types of trusts in Florida that can be beneficial to your situation, such as Irrevocable Life Insurance Trusts, Revocable Living Trusts, Contingent Minors Trusts, Special Needs and Medicaid Trusts,

It is important to talk to a Florida Estate Planning Attorney about these issues so the trust you create can be tailored to your specific situation.  If you are interested in writing your Last Will or creating a trust for your future needs, then contact Boyer Law Firm today.

Can I Accept a Florida Quit Claim Deed When I Purchase a Property?

Accept a Florida quit claim deedWhen purchasing a residential or commercial property, there are generally two types of deeds in Florida that will be used: a Warranty Deed and a Quit Claim Deed.

As a general rule, it is a bad idea to accept a Florida Quit Claim Deed instead of a Warranty Deed, especially if a proper title search has not been performed on the property. A proper title search should be conducted by a Florida closing attorney.

In most cases, if you purchase the property with a Quit Claim Deed, you may be subjecting yourself to many vulnerabilities, such as unpaid mortgages, unpaid property taxes, liens or encumbrances on the property, or even purchasing a property from someone who is not the owner! This is why it is generally a bad idea to accept a Florida Quit Claim Deed.

A Quit Claim Deed simply transfers any ownership the “seller” may have in the property (which could potentially be NO ownership) to the buyer without any guarantees as to the condition of the property.

There are, however, some cases where a Florida Quit Claim Deed may be acceptable, such as in a divorce, the probating of an estate (especially when there are many owners), and other specific cases.

If the seller of the property you want to purchase is offering you a Quit Claim Deed instead of a Warranty Deed or you believe a Quit Claim Deed would better fit your needs, then you should contact a Florida Real Estate Attorney immediately to ensure that you are protected.

No E2 Visas for Brazilians but You Do Have Options

According to the United States Citizenship and Immigration Service (USCIS), Treaty Investor (E-2) visas, also called ”E2 Investor’s visas,” are for citizens of countries with which the United States maintains treaties of commerce and navigation.

It is very surprising for many of our potential clients to learn that Brazil does not have a treaty with the United States for E2 visas. Due to the lack of this treaty, the United States will not grant E2 visas for Brazilians.

No E2 Visas for Brazilians but You Do Have OptionsHowever, there is hope!

If you are determined to enter the United States through creating and investing in a business, than an EB5 Investor’s visa allows you to literally buy your way into permanent residence in the United States, and eventually apply for U.S. Citizenship. (Please Note: Legal Permanent Residence is NOT the same as U.S. Citizenship).

Alternatively, you may apply for a B visa (temporary visa) for work or pleasure that will allow you to visit the United States for 6 months out of the year. This visa is often valid for 10 years.

If you have family in the United States or a significant other who you plan on marrying, then your family member may be able to petition for your admission to the U.S. There are different options for family petitions.

No matter what type of visa you are considering, it is important to consult with a U.S. Immigration Attorney to discuss your best course of action.

For a list of participating E-2 Visa Treaty countries, click here.

What is Florida Ancillary Probate?

Florida Ancillary ProbateMany foreign nationals and residents of other states own property in Florida; after all, with the sandy beaches and warm weather, it is an ideal place to visit, do business or retire.

When a person passes away while owning property in Florida, then that property and any other assets of the estate that exist in Florida must go through a process called Probate. If the person passed away in another state or country, the estate must be probated where the person passed away, and then the assets in Florida must go through Florida Ancillary Probate.

“Testate” probate means that the decedent passed away with a will, and “Intestate” probate means that the decedent passed away without a will. Regardless of whether the decedent had a will when he passed away, the estate still must go through Florida Ancillary Probate if the decedent had assets, property or otherwise, in Florida.

There are two types of administration in Florida Ancillary Probate: Summary and Formal Administration. As the names indicate, Formal Administration is a more complex and time-consuming process than Summary Administration, but it is required for all probates whose assets total over $75,000.00.

Florida Probate can be a complicated process, so it is important to hire an experience Florida probate attorney to assist you with the process. If you have been named as the executor of a will or you had a family member recently pass away, then contact Boyer Law Firm today to see how we can assist you through this process.

Why Would My Florida or Federal Trademark be Denied?

A Florida or Federal trademark is a word, phrase, symbol or design, or a combination thereof, that identifies and distinguishes the goods of one manufacturer or seller from the goods manufactured or sold by others, and indicates the source of goods.

When you apply for a Florida trademark or Federal trademark, the trademark examiner reviews the application and may issue a refusal based on the Law on Trademarks 1946, 15 USC § 1051 et seq., or the Rules of Practice of Brands, 37 CFR Part 2.

Black and white iconThis is why it is important to hire a trademark attorney to assist you with the trademark application process.

The most common reasons for refusing registration are because the mark is:

• Likely to cause confusion with a mark in a registration or an existing application;
• Descriptive of the goods / services;
• A geographical term;
• A family or living person’s name;
• An ornament applied to the goods.

The examiner may also issue regulations concerning, such as:

• The goods and services listed in the application;
• The description of the mark;
• The quality of the design;
• The submitted specimens.

Similarly, a service mark is a word, name, symbol, device, or any combination, used or intended to be used in commerce to identify and distinguish the services of a provider of services provided by others and to indicate the source services (not goods).

Federal trademark registration has several advantages, including a public notice of the request of the holder of the ownership of the mark, a legal presumption of national ownership and the exclusive right to use the mark on or in connection with the goods or services in the registration.

If you have an issue with a Florida or Federal trademark, please contact Boyer Law Firm today and we will be happy to help you either save your logo or discuss other options. Additionally, if you are considering applying for a Florida or Federal trademark, contact us before you begin the process so that we can avoid the aforementioned pitfalls.

Business Owners Liable for Federal Employment Taxes

Federal employment taxesMost small business owners are so-called “intermediate” entities. Two examples of an “intermediate” entity are S- corporations and Limited Liability Companies (LLCs).

In general, the formation of an S-corporation or LLC in Florida does not provide liability protection to owners of the company for the payment of taxes. This rule has been clearly defined in the case of Littriello v. United States, 484 F.3d 372 (6th Cir. 2007).

In this case, the applicant Littriello challenged the validity of the “check-the-box” (check box) regulation of the Treasury Department, 26 CFR § § 301.7701-1 at 301.7701-3. Littriello had incorporated several separate LLCs and was the sole owner of each LLC. The operations of the LLCs had amounted to unpaid federal employment taxes totaling $ 1,077,000. As a result, the Internal Revenue Service (IRS) brought charges against Littriello, personally, for these unpaid taxes.

In their seven pages of transcript, the Court examined the history of the “check-the –box” regulation and the difference between the intermediate taxation and corporate taxation. After a thorough analysis, the Court concluded that the IRS may require unpaid employment taxes to be paid by the sole owner of an LLC.

Immigration Business Plan for E2 investor’s Visa

When applying for an E2 investor’s visa, your immigration business plan is one of the most important components of the application.

Immigration Business PlanUnlike many U.S. immigration attorneys who will simply refer you to a CPA or insist that you obtain a business plan on your own, we here at Boyer Law Firm are experts in assisting you with the creation of your immigration business plan for your E2 investor’s visa.

There are some major differences between an immigration business plan and a business plan that you would, say, present to a bank to obtain a loan. An immigration business plan:

 

 
–          Is less expensive;
–          Provides realistic projections for your business;
–          Shows how you plan to grow your business;
–          Illustrates both the investment you have already made and how you plan to invest in the future;
–          And more.

If you are interested in applying for an E2 investor’s visa, then contact Boyer Law Firm today to learn about the many different ways that we can assist you with the application process.

Happy New Year from Boyer Law Firm, P.L.

welcome 2014

New Orlando Address for Boyer Law Firm, PL

Boyer Law Firm’s Orlando address has changed to the following location:

Ashley Park ComplexBoyer Law Firm Orlando
7635 Ashley Park Court
Suite 503- D
Orlando, FL 32835

This office is located in a more convenient part of Orlando that will allow us to better serve our clients. The new location will be officially open on January 1, 2014, and is located in the MetoWest area in the Ashley Park Complex across the street from Bill Frederick Park at Turkey Lake.

Happy Holidays from All of Us at Boyer Law Firm!!!

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End Your Business Year Strong

This year is quickly coming to an end, and if you are a small business owner, it is important to end your business year strong.

One great way to end the year and to promote your business is by throwing a holiday party. This allows you to recognize your customers and supporters and build relationships with End Your Business Year Strongthem. In order to make your holiday party successful, you should:

–         Spread the word early: Your customers are likely very busy this time of year, so you will get a better turn out if you let people know ahead of time and tell them to “save the date.”
–         Use multiple marketing methods to promote the party.
–         Create a sense of exclusivity
–         Encourage guests to bring friends: They can be a new referral source
–         Do something to distinguish your event from others that your clients have attended.
–         STAY CONNECTED AFTER THE EVENT

Here are some other things you can do to end your business year strong:

–         Schedule one-on-one meetings with clients and prospects (and bring a small present or treat for them to remember you by).
–         Setup review meetings with your managers, staff, and with your business law attorney
–         Setup a business planning session for next year
–         Look back to previous years and see what tactics were fruitful.
–         Write a list of goals you want to achieve next year (and then pay attention to 5-10; these items are where your creativity will be more prevelant)
–         Send out personally hand-written notes: In this day of email, hand written notes and letters add a personal touch that your customers will appreciate.

This year will be over before you know it, so start planning now to have a successful business year in 2014.

Source: South Florida Business Journal

Florida Commercial Lease Agreements

Florida Commercial Lease AgreementsLocation, Location, Location. Even with the increase in e-commerce, most Florida businesses still need a physical location from which to run their enterprise.

These Florida commercial real estate transactions can be much more complex than residential real estate transactions, which is why it is important to hire an attorney who specializes in commercial real estate to assist you with the purchase or lease of a commercial property.

Florida commercial lease agreements are often very expensive and long-term. If you sign a commercial lease agreement without fully understanding what you are signing, then some of the terms could potentially be detrimental to your business. In addition, if you are able to get out of a bad lease agreement, then it will most likely be a very expensive process.

The best way to protect yourself from becoming the victim of a bad Florida commercial lease agreement is to have a commercial real estate attorney review the document. Here at Boyer Law Firm, our commercial real estate attorneys are also experts in business law, allowing them to provide additional support through the commercial real estate process.

If you are interested in purchasing or leasing a piece of commercial real estate, then contact Boyer Law Firm today.

Why an Attorney Should Review Your Contract in Florida

Contract in FloridaNo matter what type of contract you are entering into, it is vitally important to understand what you are signing.

A contract is an agreement between two parties that is enforceable by a court of law. If you do not hold up your end of the contract, then you could find yourself being sued for breach of contract in Florida, which is a long and expensive process.

Before you sign a contract in Florida, whether it be a commercial lease agreement, purchase and sale agreements, non-compete agreement, or any other type of contract, you should have an experienced attorney review the contract to ensure that it says what you believe it to say and that all of the terms and conditions are understood by you and some are in your best interest.

When having an attorney review your contract, it is important to give them enough time to properly review the document. Be sure to plan ahead and give yourself enough time in case changes or negotiations need to be made with the other party.

If you have a contract in Florida that you need drafted or reviewed, or you believe that you have been a victim of a breach of contract, contact Boyer Law Firm’s attorneys today.

Florida Registered Agent

Florida Registered AgentWhether you are incorporating a Florida Corporation, forming a Florida Limited Liability Company, or registering to do business in the State of Florida, the State requires you to have a registered agent. If you fail to properly comply with the requirements for a Florida registered agent, then you may be subject to fines, or you company may be dissolved.

A registered agent acts as the company’s representative for “service of process.” This means that they will accept writs, summonses, or other legal papers to which your company is required to respond. Hiring an Attorney as your Florida registered agent adds a layer of protection for your company. In the event that your company is sued, you will only have twenty (20) days to respond. If you do not respond on time, a default may be entered against you or the cost of the litigation may be greatly increased.

The address of the registered agent must have a Florida address and be open to the public during regular business hours. The Florida Division of Corporations states “The registered agent must sign and state that he/she is familiar with and accepts the obligations of the position.”

Here at Boyer Law Firm, P.L., we offer our registered agent services to both already formed companies and those who need our assistance with formation. If you are thinking about starting a company or need to change your Florida registered agent, then contact our business law attorneys today.

No Personal Income Tax in Florida Entices Individuals and Companies

No Personal Income Tax in FloridaThere is a “Mass Exodus” of money moving from New York to Florida, according to Bloomberg Television, due to the difference of personal income tax between the states.

The super-rich are moving from New York City to Florida because Florida does not put a price on income, meaning that there is no personal income tax in Florida. Florida is one of only nine states that does not charge a personal income tax, and moving to Florida from another state could save an individual 6 – 13% on their income.

Individuals are not the only ones moving to Florida; we are also seeing companies and major corporations moving to Florida as well. Hertz has recently consolidated operations out of Oklahoma, New Jersey for Fort Meyers, Lee County, Florida, and ADT, Verizon, and others are following suit.

The nine states with low personal income tax are doing well with their state budget due to growth in the private sector. The lack of personal income tax in Florida is just one of the reasons that it is great to live and do business in Florida.

No Personal Income Tax In Florida: WATCH THE VIDEO HERE

Veteran's Day 2013

http://boyerlawfirmblog.com/2886/

How Much Money Do I Need for an E2 Visa Investment?

E2 Visa InvestmentAn E-2 investor’s visa allows a national of a treaty country to be admitted to the United States by creating a bona fide enterprise, investing a substantial amount of capital in that enterprise, and create jobs for legal workers in the United States through the enterprise.

In order to qualify for an E2 visa, you must be the owner of at least 50% of a bona fide business. According to the United States Customs and Immigration Service (USCIS), “a bona fide enterprise refers to a real, active and operating commercial or entrepreneurial undertaking which produces services or goods for profit.  It must meet applicable legal requirements for doing business within its jurisdiction.”

The business owner must invest a substantial amount of capital into that bona fide enterprise. Although there is no exact dollar amount for a “substantial investment,” the E2 visa investment must be able to establish the enterprise, ensure the investor’s commitment to the enterprise, and be sufficient to fund the enterprises operations and allow the enterprise to grow and become profitable.

A major part in the E2 visa investment and application process is the business plan. The business plan should show the Consulate that your business will be able to support itself, that you will be able to derive an income from the business, and that you will be able to hire people.

It is very important that your business be profitable and sustainable, as your E2 visa will be reviewed for renewal 5 years after it is issued. If your business is not profitable, then your visa will not be renewed.

If you think that you qualify for an E2 visa, contact Boyer Law Firm’s immigration attorneys today.

What to Do Before Closing on a Property

Before closing on a propertyWhen purchasing a home or office space, there are many factors to consider before closing on a property. Once you have found a property that you think you want to purchase, you want to make sure that you do your research before the closing.

Before you make an offer on the property, it may be a good idea to hire a Florida real estate closing attorney to perform a title search on the property, but at the very least, a title search should be performed before closing on the property.

Additionally, you want to make sure of the following before closing on a property:

–          A proper title search was conducted and the property is now free of all liens and encumbrances. If a proper title search is not performed, then you may end up in a horror story situation where the previous owner’s debts become yours.
–          A home inspection was performed on the property. Don’t put this off to the last minute.
–          Verify, or have your closing attorney verify, that all utility bills are up to date including electric, water, etc.
–          Determine if flood insurance will be required, as flood insurance rates are expected to increase by 25 percent.

Don’t wait until the last minute to have these items completed. You should contact a Florida real estate closing attorney at least three weeks before the date of your closing if you are currently in Florida, and more than a month before if you are overseas, in order for the closing to be performed correctly.

Jacksonville Hotel Market Improving

Jacksonville HotelThe Embassy Suites Hotel on Baymeadows Road in Jacksonville, Florida, located right by our Jacksonville office, sold to a group of hotel investors from San Diego for $8.8 million, or $41,900 per room, on October 10.

The Jacksonville hotel market has been steadily improving, and this trend is expected to continue; Revenue per room is up 9 percent from the beginning of the year. This buy is expected to be profitable for the buyers for the following reasons:

–          The Baymeadows/Southside area of Jacksonville is home to about 45% of all office space within the Jacksonville market.

–          Jacksonville is consistently rated one of the “Hottest Cities in America” for business expansions and relocations according to Expansion Management Magazine

–          Jacksonville has been in the “Top 10” of that magazine for eight straight years and is the only city to claim the number one spot three times.

Because of the large investment and number of staff required to run a hotel, many foreign investors who purchase a hotel will also qualify for an EB5 visa. If you are interested in purchasing a Jacksonville hotel or starting another type of business, contact Boyer Law Firm’s business, immigration, and commercial real estate attorneys today.

Happy Halloween!

Happy Halloween!

Miami Luxury Condo Prices are Rising

Miami Luxury CondoAt an asking price of almost $1,000 per square foot, the Miami luxury condo market is seeing a drastic increase in prices, and this trend is expected to continue.

There are currently about 10 luxury condo resales with a minimum asking price of $1.7 million, or $750 per square foot, which are under contract in downtown Miami. However, according to Condo Vultures, there are 85 more resales available, and their asking price is an average of $970 per square foot. This difference in pricing illustrates how quickly Miami luxury condo prices are rising.

Miami-Dade did not have the biggest increase in median sales (Broward County did with more than a 20 percent increase), it did have the highest median price at $159,000, a 5 percent increase from last year.

If you are interested in buying or selling a Miami luxury condo, then contact one of Boyer Law Firm’s real estate attorneys today.