At 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.
Tags: Florida Real Estate
When most people think of a foreign corporation or foreign LLC, they think of a company that is outside of the United States. However, this is not the case when it comes to the legal terminology of business.
In Florida, a foreign company is any company who is incorporated in a different state or county. If a foreign corporation or foreign LLC wants to do business in Florida, then they must register to do business with the Florida Division of Corporations and maintain a Florida Registered Agent. Your company will still be domestic to the state or country in which it was first incorporated, but you will legally be able to do business in Florida.
Tags: Business Law in Florida
A contract is an agreement between two or more parties that is intended to be enforceable by law. When one of the parties does not perform their obligations under the contact, then a breach of contract occurs.
In order for a breach of contract in Florida to exist, the following must be true:
- There is a contract that was entered into by both parties (It is always better if this contract is in writing.);
- There was a breach of that contract; AND
- The second party incurred damages as a result of the first party’s breach of contract. (The damages incurred MUST be a result of the breach.)
A contract is an agreement that is intended to be enforced by the courts. Therefore, if you have entered into a contract with someone, they breached the contract, and you suffered damages as a result, then you have a right to sue the other party for the actual damages your suffered and, in some cases, punitive damages (punishment damages).
If you have been a victim of a breach of contract in Florida, then Boyer Law Firm can help. Our civil litigation attorneys have handled all types of breach of contract cases for all types of contracts.
The Small Business Association (SBA) is processing small business loans again now that the government shutdown is over. SBA is one of the many Florida agencies that offer funding to entrepreneurs who are starting a Florida small business.
Funding is very important when it comes to starting a Florida small business, but planning is equally as important. You want to start your business on a solid foundation, starting with how you incorporate your business.
Although there are many websites available that advertise “cheap incorporation,” they are not worth the money you pay because you are not getting the advice you need. For example, should you setup a C-corp or S-corp? What are the differences? What are the tax implications? These are all questions that our business incorporation lawyers will be able to discuss with you so that you can determine what is right for your business.
Once you have incorporated your business, Boyer Law Firm can also assist you with registered agent services, commercial real estate, business planning, preventative business law, and more, so contact us today about starting a Florida small business.
Tags: Business Law in Florida
Part of obtaining an E2 Investors Visa is creating an existing business that will thrive. Creating a business can be hard to do while you are overseas, so it is a good idea to obtain a temporary B visa while you are setting up the company. If you obtain a B visa, that will benefit you because you will be able to visit office locations to rent, find staff to hire, speak to suppliers and distributors, and more.
When applying for an E2 visa, it is important to visit office locations in order to find the best fit because that will be the heart of your business. For E2 visas processed in Paris, the Consulate asks that the petitioner to provide them will a signed lease agreement as part of the application. Additionally, you may find a business that you would like to buy instead of starting a business from scratch.
Another reason it is a good idea to obtain a B-visa is to find good employees. One of the requirements of the E2 visa is that the business creates jobs. Finally, a B visa will allow you to meet and develop relationships with local suppliers, distributors, and vendors in order to setup a supply system for your business.
Although home prices have risen, there are still “bargain basement properties” on the market, according to the Jacksonville Business Journal, and house flipping in Jacksonville has increased in the third financial quarter of 2013.
House flipping refers to a property that is bought and resold within six months. Most house-flippers will do this for multiple properties, often at the same time. One of the greatest assets that a Jacksonville house-flipper can have is a reliable and experienced real estate closing attorney who can ensure that the closings on these properties are done correctly and efficiently.
Here at Boyer Law Firm, we have helped both individuals and companies with house-flipping. If you are house flipping in Jacksonville, we understand that you need the closing to be done quickly so that you can earn your profit and move onto the next property, so contact us today.
There are some people who think that in order to start a successful business you have to move somewhere like New York or Silicon Valley, but that is not the case; there are many business opportunities and resources in Jacksonville, Florida.
Florida is a very business-friendly state, and Jacksonville is quickly becoming one of the big cities of the South, especially when it comes to business.
The University of North Florida, located in Jacksonville, held a leadership conference for its students on Friday, and one of the main themes of the event was the many opportunities for young entrepreneurs in Jacksonville.
Elton Rivas, Co-Founder of One Spark, was the keynote speaker of the event. One Spark is a competition held in downtown Jacksonville in which inventors and entrepreneurs compete for a chance to win $300,000 in crowd funding to capitalize their business. The last event had more than 150,000 attendees.
Rivas spoke of how he has become more successful staying in Jacksonville than he would have been had he gone out to Silicon Valley to start a business or join the corporate world. He encouraged the participants of the event to not be afraid, take a chance, and start a business, and he emphasized this point with the quote, “Fears are stories you tell yourself.”
In addition to becoming a large city, there are many business networking groups and opportunities for young entrepreneurs in Jacksonville that offer guidance and support in starting a new business. If you are interested in taking advantage of Jacksonville’s business climate and starting a business, contact Boyer Law Firm’s business law attorneys today.
Tags: Business Law in Florida
Those crazy celebrities! Here are some weird and amusing celebrity wills:
Farah Faucet left nothing to her long-time love Ryan O’Neal, but did leave $100,000 to an ex-lover. The rest of her estate went to her son.
Marilyn Monroe left all of her belongings to her acting coach, Lee Stasberg. Stasberg was instructed to distribute Monroe’s belongings to her friends and family, but he stored them in a warehouse until he died. In 1999, his widow sold Monroe’s belongings for $13.4 million.
Oprah Winfrey has repeatedly announced that when she passes, she will leave $30 million to her pet dogs, with the rest going to charities.
Jack Benny, one of the most successful celebrities of the mid 1900’s, left a large sum of money to a florist so that his wife would receive a single long-stemmed rose every day for the rest of her life.
Janis Joplin amended her will just two days before she died. In her will, she set aside several thousand dollars so that her friends could have a party at her favorite bar in San Anselmo, California.
Marie Curie left a gram of radium, considered to be invaluable, to the University of Paris “on the condition that my daughter, Irene Curie, shall have entire liberty to use this gram… according to the conditions under which her scientific researches shall be pursued.”
Former Chief Supreme Court Justice Warren Burger decided to write his own will instead of having one properly drafted. The will had many flaws in it, including misspellings and the fact that he forgot to account for estate taxes. This error could cost his son and daughter more than $450,000 in taxes.
Chief Justice Burger is just one example of why it is so important to hire an estate planning attorney to draft your will. If you need assistance with wills, trusts, or other estate planning tools, contact Boyer Law Firm today.
Tags: Business Law in Florida