Tags: Business Law in Florida
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 them. 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
Tags: Business Law in Florida
Location, 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.
No 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.
Tags: Business Law in Florida
Whether 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.
Tags: Business Law in Florida
There 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.
An 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.
When 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.
Tags: Florida Real Estate
The 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.